Veeam reports continued growth for its cloud protection
Cloud data management vendor Veeam Software has reported another quarter of double-digit growth, with an annual recurring revenue (ARR) increase of 26% year-over-year for the second quarter.
Veeam says it is preparing to release updated 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.
Bill Largent (pictured), CEO and chairman of Veeam, said: “This is our fourteenth consecutive quarter of double-digit growth, during such an unstable global environment. Our commitment to deliver simple, flexible, reliable and powerful data management and protection solutions to our 400,000-plus customers is unwavering.”
The updated Veeam Backup & Replication v11 has been downloaded by more than 220,000 users since its launch in Q1. Meanwhile, Veeam Backup for Microsoft Office 365 reported 58% growth in the second quarter, with the product downloaded 189,000 times with 6.6 million users under paid contract.
Veeam’s technology alliance resell agreements with Hewlett Packard Enterprise (HPE), Cisco, NetApp and Lenovo reported 27% growth YoY.
Last month, Veeam announced the launch of its new federal government-focused subsidiary Veeam Government Solutions. Headquartered in Washington DC and 100% US-owned and managed, VGS offers a portfolio of trusted data protection software solutions that are independently verified and validated by US federal government-trusted third-party agencies.