Business

Veeam Continues Unprecedented Growth in the First Half of 2021

Editorial

Providing Modern Data Protection in the Face of the Pandemic

IT departments worldwide faced a raft of new challenges during the pandemic, as industries sent entire workforces home to work remotely for what was, at the time, an indefinite amount of time. Companies faced the responsibility of maintaining the security of their private data systems beyond the centralized, easily controlled corporate setup, and had to worry about meeting GDPR and other data privacy requirements and maintaining enterprise-grade data protection and security from this new remote world. In addition, IT professionals struggled with rapid and unplanned scaling-up of infrastructure. Yet, for some that sought out the assistance of data protection innovators like Veeam, their transition into this temporary pandemic life was a smooth one. In fact, digital transformation accelerated faster than ever during the pandemic.  Veeam offered businesses a simple, flexible, reliable, and powerful modern data protection platform tailored to be powerful and flexible enough to fit their uniquely changing needs amid the chaos of the pandemic. For this, Veeam has delivered tremendous customer value.

Veeam Continues Surpassing Milestones

Veeam saw over $1.1 billion in revenue in 2020, a significant milestone for the modern data protection company. This was the second year Veeam had done so, having conquered the billion-dollar mark for the first time in 2019. This skyrocketing annual recurring revenue (ARR) growth is a phenomenal achievement and a true testament to the strategy and the development laid out by its US-based leadership team.

While answering the call of businesses who faced unprecedented challenges, and supplying them with simple, yet modern data protection solutions, Veeam has been putting up double-digit year-over-year growth for a long time now. Moreover, with the launch of Veeam Backup & Replication v11 at the beginning of 2021, the US-owned software giant continually evolves the way their customer can protect their data. Veeam is now trending toward the most productive year in the company’s history in 2021.

Veeam recently announced the company saw another quarter of double-digit growth with an ARR increase of 26% year-over-year (YoY) for Q2 2021. Veeam’s 2021 Q1 increase was a cool 25% increase over their 2020 Q1 business.[SM1] [TW2]

“Now, more than ever, especially as ransomware attacks increase, data is the lifeblood of organizations. The need for Modern Data Protection to achieve operational objectives and business continuity is fueling the demand for Veeam’s industry-leading solutions,” said William H. Largent, Chief Executive Officer (CEO) and Chairman of the Board at Veeam. “Q2’21 isn’t just another quarter of growth for Veeam; as our fourteenth consecutive quarter of double-digit growth, it represents unrivaled results, especially during such an unstable global environment. Veeam is continuing to thrive and grow, and our commitment to deliver simple, flexible, reliable, and powerful data management and protection solutions to our 400,000+ customers is unwavering.”

The company also reflects growth from an employee perspective. This last year provided unique challenges with most businesses scaling down their overall employment numbers in order to stay liquid, yet Veeam did not miss a beat, continuing to hire to fortify their growth and provide for those businesses in need.  Veeam not only provided its clients with existing services but also allowed the pandemic year to be one of discovery and product innovation. Much of their earning potential in Q1 and Q2 of 2021 can be attributed to the finalization and rollout of major new products and key innovations around the New Year.

What are some Veeam Highlights from the first half of 2021?

Speaking of new products, Veeam released over 20 new product releases including notable enterprise-grade feature updates over the last 18 months and many major releases in the first half of 2021 – Veeam Backup for Google Cloud Platform and Veeam Backup & Replication v11. Along with the major rollouts boosting Veeam’s gaining momentum, the modern data protection giant is preparing to release key innovations of cloud-native solutions for AWS, Microsoft Azure, Google Cloud, Microsoft Office 365, and the first integration of Kasten K10 for Kubernetes into the Veeam Platform in the second half of 2021.

Noteworthy Highlights for VEEAM through Q2 of 2021:

Veeam’s 2021 has already proven a fascinating year for the global data protection leader and can only continue to get more interesting for Veeam as cloud-native strategies continue to gain popularity among businesses across the globe every single day.

Follow Veeam’s progress on Twitter, LinkedIn, or visit www.veeam.com.