Veeam reports 25% growth in Q1 with unmatched scale and market expansion

DUBAI, UAE: Veeam^® Software, the leader in Backup solutions that deliver Modern Data Protection, today announced another quarter of double-digit growth with an annual recurring revenue (ARR) increase of 25% year-over-year (YoY) for Q1’21. Veeam kicked off 2021 with its expansion of public cloud support with the general availability of NEW Veeam Backup for Google Cloud Platform — complementing Veeam Backup solutions for AWS and Microsoft Azure. Veeam Backup & Replication v11 was also released in Q1’21 with an additional 200 new and powerful backup, cloud, DR, security and automation enhancements. The most advanced data protection solution for Cloud, virtual, SaaS, Kubernetes and physical workloads has already been downloaded by more than 130,000 users.

“The double-digit YoY growth across all geos provides further validation that our solutions are leading the way in the industry and providing customers simple, flexible and reliable data protection that meets their needs and helps them to achieve their business objectives. To see such increases globally is a tremendous achievement in such a challenging environment,” said William H. Largent, Chief Executive Officer (CEO) and Chairman of the Board at Veeam. “Thirteen consecutive quarters of double-digit growth is a testament not only to the importance of business continuity and data protection as companies move to the Cloud, but to the reliability and value that our 400,000+ customers have trusted Veeam to provide over the past decade.” 

Additionally, in the most recent IDC Semi-Annual Software Tracker for Data Replication & Protection 2H’20[1], Veeam had the fastest revenue growth, both sequentially (21.5%) and YoY (17.9%) in 2H’20 among the top five vendors, all other vendors combined and overall market average. In this period, Veeam became the #2 provider worldwide in terms of overall revenue with YoY growth in the second half of 2020 with more than 17.5 percentage points above the market average. The IDC Semi-Annual Software Tracker 2H’20 showed that Veeam is No.1 in the EMEA Data Replication and Protection market in 2020[2] and had the fastest revenue growth, both sequentially (26.2%) and YoY (20.1%) in 2H’20 among the top 5 vendors, others and overall market average. In 2020, Veeam ranks No. 1 in market share in EMEA.

“Achieving double-digit growth in EMEA with 27% year-over-year increase in annual recurring revenue (ARR) in what has been a challenging Q1 for businesses across EMEA has been made possible by the agility, discipline and fighting spirit of the teams in every market,” said Daniel Fried, General Manager (GM) and Senior Vice President (SVP) of EMEA and Worldwide Channels, Veeam. “Customers and partners are looking to make investments that give them peace of mind and to work with experts who offer strategic advice. Furthermore, IDC’s recognition of Veeam as the number one company in EMEA for Data Replication and Protection in 2020 shows that we are the vendor best placed to enable business transformation and innovation for customers across the region. This is supported not just by our dominance of the backup and data protection market, but the world-class expertise and skills within Veeam’s sales and technical teams, as well as our phenomenal partner ecosystem.”

“In addition to the major release of V11, our product roadmap for 2021 will further expand our offerings with the top cloud providers — AWS, Microsoft Azure and Google — and Kubernetes, as we remain agile and integrate new technologies,” said Danny Allan, Chief Technology Officer and Senior Vice President of Product Strategy at Veeam. “Our recent product launches are best-in-class in quality and quantity, and provide our customers with leading-edge data protection and recovery. More and more organizations are accelerating their modern data protection strategies and Veeam is committed to supporting them along the journey.”

Q1’ 2021 Highlights

• With more than 130,000 unique downloads of Veeam Backup & Replication v11 since general release in February 2021, the product averages more than one download per minute. The new 4-in-1 solution ​combines backup, replication, storage snapshots and Continuous Data Protection (CDP) to protect each phase of the data life cycle, while handling all the complexities of a multi-cloud environment for AWS, Microsoft Azure and Google Cloud Platform.
• Veeam Backup for Microsoft Office 365, Veeam’s fastest growing product, reported 156% growth YoY in Q1’21. Veeam Backup for Microsoft Office 365 has now been downloaded by more than 175,000 organizations with 5.8M users under paid contract.
• Veeam continues to release new features and enhancements ideal for enterprise environments, which has resulted in +246% growth YoY in large-deal transactions.
• 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 88% growth YoY.
• Veeam now counts 82% of the Fortune 500 and 69% of the Global 2000 as customers. New Q1 advocates includePUMA,  Evergy, SodaStream, Interquell GmbH, Baloise Group, Golfzon, Coop Danmark, Kinepolis Group, McCarthy Buildings Companies, Inc, Helsingor Municipality, Yerevan Brandy Company, Volkswagen Argentina, NTT Data, Japanese Racing Association, Eastern Ontario Health System and Spanish National Institute of Aerospace Technology (INTA).

Registration is now open for VeeamON 2021, the world’s premier virtual event for modernizing data protection, which will take place May 25 and 26, 2021. Nearly 15,000 customers, partners and influencers attended the virtual VeeamON 2020 event and regional VeeamON Forum events held all around the world.

For more information, please visit www.veeam.com.  

Supporting Quotes

"Despite the challenges and uncertain business climate that came with the COVID-19 pandemic, Veeam generated enviable revenue growth in 2020. The company continued to focus on its core backup product suite while also staking a position in the emerging container backup market with its acquisition of Kasten. Their recent release of V11 provides customers with new functionality that will help mitigate downtime and data loss through disaster preparedness and ransomware protection.” — Phil Goodwin, Research Director, IDC

"Forever Faster is PUMA's mantra. We want to be the fastest sports brand in the world in all areas. That also includes IT. We are accelerating the digitalization of our global business processes and need solutions that can keep up with the pace of this transformation. We can always rely on Veeam for this. The company's backup solutions secure our rapidly growing global IT infrastructure, enable ultra-fast recovery of applications and data, and also pave the way to the cloud for us.” — Hermann Müller, Teamhead IT Network Operations at PUMA SE

“Veeam’s enterprise scalability keeps our IT systems available. We meet SLAs with our business units, they deliver innovative offerings to our customers and our company maintains a solid edge over competitors.” — Thomas Salvisberg, IT Service Continuity Manager at Baloise Group

“As Denmark’s leading consumer goods retailer with more than 1.5 million members and 40,000 employees, we owe our customers uninterrupted access to our shops and products, while ensuring our core IT systems are protected at all times. Veeam Backup Enterprise Plus offered us scalability providing fast backups on big data volumes. Veeam helps us to fulfill our high demand for professional IT protecting one of the largest installations in Northern Europe.” — Nick Ravn, Manager, Server and Data Center Services at Coop Denmark

“Evergy is part of the national electricity grid, so reliability, resiliency and cybersecurity are always top of mind. Veeam helps us check those boxes and ensure we can deliver critical services to our customers.” — Rob Adams, Manager, Systems Engineering at Evergy

“The current pandemic in particular shows how valuable Veeam is for our company. We use the solution to protect our data and the processes that depend on it — no matter where our users work and whether their applications run in the data center, on a laptop or in the cloud.” — Klaus Gruber, IT Systems Administrator at Interquell GmbH

“One of the reasons we can entertain 40 million customers each year is because Veeam protects the IT systems that keep our cinemas going strong.” — Bjorn Van Reet, CIO at Kinepolis Group

“Veeam is the only solution we considered that provides more than backup. Veeam extends DR to Azure so we can restore critical systems fast.” — Hen Ron, Global Infrastructure Manager & Chief Information Security Officer at SodaStream

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About Veeam Software

Veeam^® is the leader in Backup solutions that deliver Modern Data Protection. Veeam provides a single platform for modernizing backup, accelerating hybrid cloud and securing data. Veeam has 400,000+ customers worldwide, including 82% of the Fortune 500 and 69% of the Global 2,000. Veeam’s 100% channel ecosystem includes global partners, as well as HPE, NetApp, Cisco and Lenovo as exclusive resellers. Veeam has offices in more than 30 countries. To learn more, visit www.veeam.com  or follow Veeam on Twitter @veeam.

© Press Release 2021