Press release

Veeam Leads Cloud Data Management Market as it Kicks Off 2019 with Q1 Double-Digit Growth

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Veeam® Software, the leader in
Backup solutions that deliver Cloud Data Management™, today announced
results from Q1’2019, including obvious impact from the January launch
of Veeam
Availability Suite 9.5 Update 4, one of the largest and most
anticipated product releases in the history of the company, which is now
one of the largest private software companies in the world.

Veeam reported a 16 percent increase in total bookings year-over-year
(YoY), celebrating more than 343,000 customers, staying consistent with
an average of 4,000 new customers each month. Veeam’s Annual Recurring
Revenue (ARR) increased 30 percent YoY, a testament to the success of a
new unique subscription pricing model for all new Veeam products,
including new Veeam Availability Suite 9.5 Update 4. Released to the
public at the beginning of Q1, it has more than 200,000 downloads to
date.

“In my first full quarter back at Veeam leading sales and marketing, we
focused on core priorities that brought us clear success, and that will
continue to fuel our growth and validate our leadership position
throughout the year,” said Ratmir Timashev, Co-Founder and Executive
Vice President (EVP) of Sales & Marketing. “We are now focused on an
aggressive strategy to help businesses transition to cloud with
best-in-class Backup and Cloud Data Management solutions. IDC
has forecast that 90 percent of organizations will embrace a multi-cloud
strategy within three years,1 which provides us a significant
growth opportunity to leverage the shift our customers and partners are
making, and ensuring we support them in every aspect – with the very
best products and solutions. This strategy has also fueled our new Veeam
Instance Licensing (VIL) model, which was created to provide
flexibility to move workloads from on-prem to public cloud and back
without an additional cost. Veeam is the first in the industry to offer
this portable, game-changing license approach for managing multi-cloud
environments.”

Q1’2019 Customer, Product and Partner Highlights

  • Veeam Availability Suite 9.5 Update 4, providing simple, flexible and
    reliable solutions to help customers migrate to and keep data
    available in the hybrid cloud regardless of its location, has recorded
    more than 200,000 downloads in less than 3 months since being
    generally available in January 2019. New product capabilities allow
    Veeam to deliver virtual, physical, and cloud data management, for any
    application, and any data, across any cloud, including:

    • Cloud Tier – Unlimited capacity for long-term data
      retention by using native, cost effective object storage
      integration;
    • Cloud Mobility – Easy migration and recovery to AWS, Azure
      and Azure Stack;
    • New Data Governance Capabilities – Increased security and
      compliance including GDPR and malware prevention.
  • Veeam
    Backup for Microsoft Office 365,     currently the fastest
    growing product in Veeam history, reported 152 percent revenue
    bookings growth YoY. Veeam Backup for Microsoft Office 365 has
    now been downloaded by more than 55,000 organizations, representing
    over 7 million user mailboxes. Veeam recently released version 3 of
    the product, further solidifying the company’s dominance in the
    Microsoft Office 365 backup market, providing businesses with
    30x faster backup, improved security, and enhanced customer visibility
    and analytics.
  • Cloud continues its growth momentum, with Veeam reporting 31
    percent YoY growth in its overall cloud business for Q1’2019.
  • With 343,000 customers worldwide, new Veeam customers include AKKA
    Technologies    , Halton
    Borough Council    , Sonoco
    Trident    , 3Banken, Nova
    Scotia Liquor    , Colorado
    Regional Health Information Organization (CORHIO),     Northeastern
    Illinois University (NEIU),     Clear
    Concepts    , YMRILINK, TBEA
    Energy India    .
  • The Veeam Cloud & Service Provider (VCSP) program has grown to 22,500
    partners, with 4,000 of those also qualified to provide Cloud Backup &
    DRaaS using Veeam Cloud Connect.
  • Veeam alliance resell agreements with, HPE, Cisco, NetApp and Lenovo
    reported 56 percent total transaction growth YoY and 39 percent YoY
    revenue growth, together completing the overall data management story
    for global alliance reseller partners.
  • Veeam received a $500
    million 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. This is
    enabling Veeam to pursue an aggressive acquisition and investment
    strategy of innovative technologies and continue as the dominant
    leader in the market.

Registration is now open for VeeamON
2019, the world’s premier event for Cloud Data Management, which
will take place May 20 – 22, 2019, in Miami, FL. Nearly 10,000
customers, partners and influencers attended VeeamON 2018 in Chicago, IL
and the regional VeeamON Forum events held all around the world.

Supporting Quotes

“Veeam’s commitment to the cloud data protection market parallels what
we see as a continued strong, growing and dynamic space. The overall
cloud-based data protection as a service market is growing at a 16.2
percent CAGR, much faster than the 3.4 percent CAGR for traditional data
protection and recovery software. Veeam continues its strong market
growth in both segments by continuing to offer new products and services
matched to the rapidly evolving cloud and on-premise requirements.” –
Phil Goodwin, Research Director, IDC

“Our enterprise continues to grow, and we needed agility and innovation
in our IT infrastructure to keep pace. Upon realizing we needed more
than just backup, it became apparent that using the Veeam platform with
Azure was the way to get our mission critical applications available,
while also establishing a reliable DR environment in the cloud. We now
have the confidence that our data and applications are protected through
Cloud Data Management. And should any event ever occur, we have the
direct restore capabilities to ensure our operations don’t miss a beat.”
– Tom Morley, Sr. Director of Global Infrastructure and Operations at ABM
Industries, a leading provider of facility solutions and Fortune 500
company

About Veeam Software

Veeam is the leader in Backup solutions that deliver Cloud Data
Management. Veeam Availability Platform is the most complete backup
solution for helping customers on the journey to achieving success in
the 5 Stages of Cloud Data Management. Veeam has 343,000+
customers worldwide, including 82% of the Fortune 500 and 67% of the
Global 2,000, with customer satisfaction scores at 3.5x the industry
average, the highest in the industry. Veeam’s global ecosystem includes
64,000 channel partners; Cisco, HPE, NetApp and Lenovo as exclusive
resellers; and 22,500+ cloud and service providers. Headquartered in
Baar, Switzerland, Veeam has offices in more than 30 countries. To learn
more, visit https://www.veeam.com or
follow Veeam on Twitter @veeam.

1 Oct 2017 – IDC FutureScape – Doc # US43171317. IDC
FutureScape: Worldwide IT Industry 2018 Predictions. By: Frank Gens,
Crawford Del Prete, Philip Carter, Bill Fearnley, Al Gillen,
Scott Lundstrom, Tom Mainelli, Tomoaki Nakamura, Eric Newmark, Sandra
Ng, Robert Parker, David Schubmehl, Vernon Turner, Dan Vesset, Deepak
Mohan, Richard L. Villars,
Hayley Sutherland