Updated : February 16, 2014 05:00 pm,
Records Annual Revenue Growth of 58 Percent Over 2012 performance
Veeam Software has announced record revenue results for the fourth quarter and full year of 2013. This marks Veeam’s 24th consecutive quarter in which quarterly bookings revenue has grown by more than 50 percent over the same period during the previous year.
In 2013, annual bookings revenue grew 58 percent over 2012, while new license bookings revenue increased 53 percent over the same period. Total bookings revenue grew 55 percent in Q4 of 2013 compared to the same period in 2012; new license bookings revenue increased 52 percent over that same period.
The Middle East is no exception. Veeam dominated in countries around the region in 2013, experiencing a boost following a 113.7 percent customer growth and a 148.9 percent increase in its bookings revenue. It also grew 148.7 percent in new licenses bookings revenue.
“Veeam’s success in 2013 is a testament to the success of Veeam Backup & Replication v7, which once again raised the standard for protection for the modern datacenter,” said Ratmir Timashev, CEO of Veeam. “Our reputation for reliable, high- performance software that makes our customers proclaim, ‘It Just Works!’ has made us one of the fastest growing software companies in the world. We’re excited for 2014 as we continue our journey to achieve $1 billion in revenue within the next five years.”
“In fact, we feel so strongly about the value and capabilities of our solutions that this quarter, we have extended our “Switch to Veeam – Protection for Modern Datacenter” competitive replacement program (currently available in North America only; global expansion in early February) that enables IT organizations to put Veeam in their modern datacenter for the same price as – or often much less than – the annual renewal cost of their existing legacy backup solution. This program will likely deliver Veeam’s 100,000th customer in early 2014.”