Veeam Software has announced another quarter of double-digit growth with an annual recurring revenue (ARR) increase of 26 percent year-over-year (YoY) for Q2’ 2021. Veeam delivered more than 20 new product releases including significant enterprise-grade feature updates over the last 18 months and several major releases in 1H’21 – Veeam Backup for Google Cloud Platform and Veeam Backup & Replication v11.
Further, Veeam 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.
“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, 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.”
“Globally, the continued release of new features and enhancements to our simple, flexible and reliable solutions – 17 announced in the last year alone – has resulted in +195 percent growth year-over-year (YoY) in transactions of over $1 million. In APJ, Veeam reported an annual recurring revenue (ARR) of 29 percent YoY for Q2 ’21. Highlights include the ongoing success of our industry leading solutions such as v11, Veeam Backup for Microsoft Office 365 and Google Cloud Platform. This quarter also saw over 2500 transacting partners in APJ and we welcomed 63 Moons Technologies in India as an advocate for the region,” said Shiva Pillay, Senior Vice President, Asia Pacific and Japan, Veeam.