Veeam Software today reported results for its fiscal year 2020. Veeam kicked off 2020 with the completion of its acquisition by Insight Partners, which was announced on Jan. 9 at a valuation of $5 billion, setting the pace for a year of substantial growth and expanded success across all market segments, culminating with Veeam’s acquisition of Kasten in Q4’20.
Claude Schuck, Regional Manager, Middle East at Veeam
During 2020, Veeam’s vision for hybrid cloud drove the company to continued growth, surpassing 400,000 customers. Specifically, Veeam Backup for Microsoft Office 365, Veeam’s fastest growing product for the past two years, reported 73% growth YoY. Veeam Backup for Microsoft Office 365 has now been downloaded by more than 154,000 organizations, representing over 15 million user mailboxes. Version 5, released in December 2020, adds purpose-built backup and recovery for Microsoft Teams, making it easier than ever for users to quickly find and restore Teams data, including entire groups, specific channels and settings.
Claude Schuck, regional director, Middle East at Veeam commented, “Despite the encompassing challenges that the pandemic brought to the entire world in early 2020, companies in the Middle East quickly mastered the transition to fully digitize their business operations. Our partners and customers were always at the forefront offering best-in-class products and customized services in a non-traditional business manner. Veeam contributed here by enabling and navigating them through these uncertain times to ultimately ensure availability and protection to the most critical business IP in the era of digitalization – data.”
Q4 & 2020 Customer, Product and Partner Highlights
- Veeam was positioned by Gartner in the Leaders quadrant of the 2020 Magic Quadrant for Data Center Backup and Recovery Solutions. Not only does this mark the fourth time Gartner has recognized Veeam as a category Leader, but it is the first time Veeam is positioned highest overall in ability to execute. Veeam was also the only vendor to move higher in both ability to execute and in the completeness of vision categories.
- Further proof of Veeam’s growth trajectory was displayed in the most recent IDC Semi-Annual Software Tracker for Data Replication & Protection 1H’20 which ranked Veeam as No.1 in market share by revenue in EMEA and delivering the fastest revenue growth year-over-year in 1H’20, among the top 5 vendors, other vendors, and overall market average.
- Veeam announced 16 major releases (25+ including updates) in 2020, with hundreds of new capabilities. This includes Veeam Backup & Replication v10, Veeam ONE v10, Veeam Backup for Nutanix AHV v2, Veeam Service Provider Console v4, Veeam Backup for Microsoft Azure v1, Veeam Availability Orchestrator v3, Veeam Backup for Microsoft Office 365 v5 and Veeam Backup for AWS v3.
- With more than 650,000 unique downloads of Veeam Backup & Replication v10 since general release in late February 2020, the product averages more than one download per minute, a testament to the product’s simplicity, flexibility and reliability. With more than 150 new features and enhancements, including powerful NAS support, multi-VM Instant VM Recovery and heightened ransomware protection, v10 includes data protection capabilities that increase availability, portability, and extensibility for Cloud Data Management.
- Veeam continues to release new features and enhancements ideal for enterprise environments, which has resulted in +250% growth YoY in large-deal transactions.
- Veeam now counts 82% of the Fortune 500 and 69% of the Global 2000 as customers. Key customers include Airbus Defence & Space, Alpha Bank, Avnet, Broward County Schools (FL), Dassault Aviation, Datev, Deloitte, Engie, Hero MotoCorp, Hertz, IBM Cloud, Pernod Ricard, Penske Australia and New Zealand, Puma, Quinnipiac University, Rabobank, Royal Dutch Shell, Siemens and Wenatchee Valley College.
- Veeam Universal License (VUL), the industry’s first portable license that enables IT agility and workload mobility for multi and hybrid cloud enterprises, accounted for 56% growth YoY.
- Veeam won more than 20 industry awards in 2020, including being named to the Forbes 2020 Cloud 100 for the fifth consecutive year. This prestigious list is the definitive ranking of the top 100 private cloud companies in the world, published by Forbes in partnership with Bessemer Venture Partners and Salesforce Ventures.
- Veeam’s technology alliance resell agreements with Hewlett Packard Enterprise (HPE), Cisco, NetApp, and Lenovo reported 16% YoY growth.
