In this modern data-driven world, information technology (IT) is the key driving force. Data protection and cloud computing services continue to dominate many organization's top agendas. With the common data challenges and threats from cybercrime, backup is everything and of the highest priority.
This aspect of data protection and backup can't be stressed any better than Veeam does with the Veeam Platform of products addressing key data protection use cases. From ransomware attacks, infiltration of networks to unauthorized access of data, these and other cyber threats are good reasons why most organizations seek protection solutions. One central and growing data protection fortress providing such innovative solutions is Veeam.
This privately held US-owned company is a global leader in backup, recovery, and data management solutions that deliver Modern Data Protection. Veeam provides a single platform for protecting Cloud, Virtual, Physical, SaaS, and Kubernetes environments that is simple, flexible, reliable, and powerful. Since Veeam's establishment in 2006, the company has recorded steady growth becoming the most revolutionary data protection solution to date. Veeam's state-of-the-art data protection and backup products, which provide a single platform for modernizing backup, accelerating hybrid cloud, and securing data, have driven its market performance to record unmatched progress consistently over the last several years.
In July 2021, it announced another double-digit growth in its second quarter. This was a 26% year-over-year (YoY) increase in revenue. Its delivery of over 20 new product releases in the past 18 months, including a focus on how enterprise upgrades support this resoundingly strong performance.
This steady rollout of new releases, and new cloud-native products, for every facet of the data management world comes on the heels of Veeam's acquisition by the US-based venture capital firm, Insight Partners, at the beginning of 2020. This New York City-headquartered investment house focuses its capital primarily on ScaleUP software companies from around the world led by visionaries in their field. Veeam's partnership with Insight Partners has given this already-global industry leader US-ownership and a unique ability to tackle the American marketplace in a rare and exciting way.
When it's said that Veeam is an already global industry leader, it almost downplays Veeam's success to date. Today, Veeam sports an impressive client line-up from around the world totaling 400,000+. Veeam impressively claims 82% of all Fortune 500 companies and 69% of Global 2000 as active customer's on their roster. New Q2 advocates include Staples Solutions, ABB Croatia, City of New Orleans, Global Data Vault, Morehouse School of Medicine, New Belgium Brewing Company, NewCytech, Ruhr University Bochum, Shamir Medical Center, and 63 Moons Technologies Ltd.
As the company continues to enjoy all-time market dominance in modern data protection and revenue, there is no protection from the data protection abilities of Veeam. This Backup solutions leader's resilience in innovation triggers Veeam's success and ever-increasing momentum in providing the highest-quality infrastructure and enterprise applications and services to its ever-growing list of clients.
Why Veeam Reports Excellence
The commitment to deliver simple, flexible, reliable, and powerful data protection solutions, stands as its significant highlight in its unwavering growth. For instance, since its release in the first quarter, Veeam Backup & Replication v11 product has recorded over 250,000 unique customer downloads. V11 offers data protection for Cloud, Virtual, and Physical workloads with powerful ransomware protection. Its key features are effective in reducing data loss and lowering downtime in all workloads, including the cloud with Azure, AWS, and Google.
V11 Enterprise Features
- Policy-driven data lifecycle management
- Immutability across multiple storage options
- Continuous Data Protection (CDP)
The Veeam Backup for Microsoft Office 365 is another top product from this cloud management company. In the second quarter of 2021, it was downloaded 189,000 times. It also reported a 58% growth in the same period with 6.6 million users. Besides these products, Veeam also made a record deal with AWS in the same quarter. Last but not least, the 2020 acquisition of Kasten provides dependable backup for Kubernetes environments, adding greater value to the Veeam Platform.
In addition, about 75% of new core transactions were generated by Veeam Universal License (VUL), translating to 62% growth. VUL is a portable license providing an adaptable and simple subscription license protecting all workloads. As Veeam unveils these cloud management services and products, the launch of new features and upgrades targeting enterprise environments also led to several year-over-year transactions above $1 million in Annual Recurring Revenue (ARR).
These avenues, including its resell agreements with Hewlett Packard Enterprise, NetApp, Lenovo, Cisco, and more[CS1] , have immensely contributed to the continued double-digit gains. The success of Veeam's revenue rise and market dominance is further accelerated by the establishment of its federal government-focused subsidiary, Veeam Government Solutions Inc. (VGS), in June. This service presents an all-inclusive portfolio of U.S federal government-approved and validated data protection software solutions. To crown it all, Gartner declared Veeam an industrial leader for the fifth time during the 2021 Magic Quadrant for Enterprise Backup and Recovery Solutions, being the overall leader in ability to execute for the second straight year.
Veeam's Main Features
As mentioned earlier, Veeam offers modern data protection platforms for Cloud, Virtual, Physical, SaaS, and Kubernetes. As a market leader in backup, recovery, and data management products and services, its customers continue to exude confidence in this company. This firm reliance by its user is on the safety and protection of their data and apps.
The key pillars of simple, flexible, reliable, and powerful reassure customers of availability always. These adaptable functionalities of Veeam's software have launched and established it as a powerful platform in the sector. Veeam's capacity to protect as seen over 400,000 customers worldwide rely on its solutions. This includes 69% of the Global 2,000 and 82% of the Fortune 500, a name synonymous with business success and excellence.
On the other hand, Veeam's global ecosystem accounts for more than 35,000 technology partners, service providers, resellers, and alliance partners. This includes offices in over 30 countries. As the need for modern data protection is becoming inevitable for many organizations, it's vital to rely on Veeam, the best, verified, and validated market leader.
 [i] Gartner, Magic Quadrant for Enterprise Backup and Recovery Solutions, Santhosh Rao, Nik Simpson, Michael Hoeck, Jerry Rozeman 19 July 2021.
Veeam Software. (2021, July 22). Veeam reports 26% growth In q2'2021 as modern data protection is at an all-time high priority for organizations. Veeam Software. https://www.veeam.com/news/veeam-reports-26-percent-growth-in-q2-2021-as-modern-data-protection-is-at-an-all-time-high-priority-for-organizations.html.