Veeam Software, a leader in backup, recovery and data management solutions that deliver modern data protection, announced another quarter of double-digit growth. Veeam reports 28% growth in annual recurring revenue (ARR) year-over-year (YoY) for Q3’21. Veeam has released more than 20 new products and feature updates this year.
“As businesses struggle to thwart evolving cybersecurity threats and deal with unprecedented global and economic challenges, modern data protection continues to be the golden ticket keeping enterprises secure and driving sustainable business continuity,” said William H. Largent, CEO and Chairman of the Board at Veeam.
Key indicators
The company highlighted the following Q3 indicators:
Over 300,000 downloads of Veeam Backup & Replication v11 since its launch in Q1. V11 now allows organizations to speed cloud adoption by ensuring data is reliably secured, protected and managed from a single console.
Veeam cloud-native data protection experienced more than 350% growth over the period. New releases of Veeam Backup for AWS v4, Veeam Backup for Microsoft Azure v3, and Veeam Backup for Google Cloud Platform v2 are now integrated directly into Veeam Backup and Replication v11a.
Veeam Backup for Microsoft Office 365 recorded 73% growth. The Office 365 solution enables users to securely backup to any location in a hyperscale cloud, or with a service provider.
Veeam’s single platform has experienced +268% bookings growth in transactions of more than $1 million.
The Veeam Universal License (VUL) accounted for nearly 3/4 of net new core transactions in Q3, with Veeam’s subscription product offerings reporting 64% growth YoY.
Primary storage product line integrations with Veeam have now increased with even greater integration support, furthering the scope of storage integrations and hardware-agnostic options.
In the most recent IDC Semi-Annual Software Tracker for Data Replication and Protection 1H’21, Veeam had the fastest revenue growth YoY (25.3%) among the top five vendors. The company is the clear number two vendor worldwide.
Veeam now counts 81% of the Fortune 500 and 69% of the Global 2000 as customers.
