Following record $500m investment Veeam announce 2018 results

Growth | International | South East | Technology

Veeam Software, an international backup solutions firm that enables Intelligent Data Management, today announced results from fiscal year 2018, fresh off of a $500m investment from Insight Venture Partners and Canada Pension Plan Investment Board (CPPIB) in early January – one of the largest investments in the history of storage software.

Veeam delivered $963m in total bookings – 165 growth year-over-year (YoY) and its 12th consecutive year of organic double-digit bookings growth, as it added 48,000 new customers in 2018, an average of 4,000 new customers each month. This strong customer momentum and bookings growth builds on 2017 results outpacing the industry, and validates the growing demand for Veeam Intelligent Data Management solutions in businesses of all sizes across the globe.

Ratmir Timashev, co-founder and Executive Vice President (EVP) of Sales & Marketing at Veeam said: “Opportunities of data management, compliance and risk, data theft and cybercrime, are expected to continue to present businesses with challenges throughout 2019, and into the next decade. What we have seen in 2018 is that no data is entirely secure. Customers are looking for an approach to manage data that unlocks its use and potential to drive business transformation but doesn’t lock their data into one vendor or increase their risk exposure.

“By strengthening our offering via our most powerful partnerships with Hewlett-Packard Enterprise (HPE), NetApp, Cisco, and now Lenovo, Veeam has done just that. We are leading the industry by empowering businesses to do more with their data backups, providing new ways for organizations to generate value from their data, while solving other business opportunities.

“Veeam has yet again achieved consistent company growth and profitability in this transformative market of data management in Hybrid-Cloud – and Veeam will continue to dominate. Together, with our partners, customers and alliances, and with our recent announcement of general availability for new cloud data management capabilities as part of Veeam Availability Suite 9.5 Update 4, our most important product launch in company history, we have solidified our position as the dominant leader in Intelligent Data Management and one of the largest private software companies in the world.”

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