Veeam Software kicked off its seventh annual user event, VeeamON 2021, delivering a clear overview of its vision and strategy for the most advanced data protection solutions for cloud, virtual, SaaS, Kubernetes and physical workloads. VeeamON 2021 looks back at how Veeam and their ecosystem of partners have endured a challenging year and delivered simple, flexible, reliable and powerful data management and protection solutions to more than 400,000 customers. Highlights include interactive and inspiring sessions from Veeam’s leadership team – including CEO Bill Largent, CTO and SVP Product Strategy Danny Allan, and SVP Product Management Anton Gostev – as well as guest speakers from the City of New Orleans, Maritz and Nuance.
“Veeam is the largest storage company that’s not making storage or infrastructure, and is by far the #1 pure play data protection vendor on the planet,” said Danny Allan, CTO and SVP Product Strategy at Veeam. “We moved more than 100 PB of data into our top three cloud object storage providers alone in just the first quarter of 2021, compared to 242 PB in all of 2020, and we recently surpassed 1 million active Veeam Backup & Replication installations. The movement of data into cloud and expanding cloud data management is accelerating. Data storage in the cloud is just one of the engines that is driving massive growth at Veeam. And the way we’ve built and evolved our single platform for Modern Data Protection – to be simple, flexible, reliable and powerful – continues our solid reputation of the being the industry standard and providing the highest level of value to customers. Over the next two days, VeeamON attendees will not only hear about how they can leverage our solutions to advance their data protection strategies, but will also see a glimpse into the future. We delivered more than 20 new products and major product updates over the last 18 months, but there is so much more to come.”
Since Veeam was founded more than a decade ago, it has continuously been expanding and strengthening its platform as the market evolves to new environments. Quickly known as the very best backup solution for VMware vSphere, Veeam has continued to evolve along with market demands by adding solutions for multiple hypervisors, physical systems, SaaS offerings (Microsoft Office 365), public cloud environments, and most recently, is now doubling down on modern infrastructure like Kubernetes (with the recent acquisition of Kasten). Modern Data Protection, defined by Veeam, provides a single platform for data resiliency to protect every workload, access all platforms with a single experience, reduce operational costs, and ensure guaranteed recovery.
Veeam recently announced another quarter of double-digit growth with an annual recurring revenue (ARR) increase of 25% year-over-year (YoY) for Q1’21 – the thirteenth consecutive quarter of double-digit growth. Veeam highlights strong growth in the Enterprise segment with two-thirds of the bookings coming from net new licenses vs. only one-third from renewals. Veeam continues to release new features and enhancements ideal for Enterprise environments, which has resulted in +246% growth YoY in large-deal transactions. Contributing to this specific segment growth is 17 NEW product releases since VeeamON 2020 (12 months ago) that span the ecosystem of cloud, virtual, physical, SaaS and application-specific environments, including Veeam Backup & Replication v11. V1 first launched in 2008, and this year V11 of the company’s flagship product was released in Q1’21 with an additional 200 new and powerful backup, cloud, DR, security and automation enhancements. With 1 million active Veeam Backup & Replication installations, the product is now the most widely deployed Enterprise backup software in the world – more than several of its competitors combined.
Veeam also released Veeam Backup for Microsoft Office 365 v5 at the end of 2020. As the most deployed Microsoft Office 365 solution in the industry, Veeam Backup for Microsoft Office 365 has been Veeam’s fastest growing product for the past 2 years, reporting 222% growth YoY and now downloaded by more than 175,000 organizations with 15 million mailboxes being protected.
Veeam credits its growth to being software-defined, hardware-agnostic, cloud-ready and flexible. In addition to 83 primary storage arrays and 85 secondary storage systems, Veeam has officially validated support for 37 object storage systems, 12 of which are immutable – including support across all three hyper-scalers (AWS, Azure and Google Cloud Storage) and available in all 3 respective marketplaces. Veeam boasts more than 1EB of data protected with object storage in just the past 2 years.
Recent industry recognition also aligns with Veeam’s growth and momentum. In the most recent IDC Semi-Annual Software Tracker for Data Replication & Protection 2H’20, 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. Gartner, Inc. positioned Veeam in the Leaders quadrant of the 2020 Magic Quadrant for Data Center Backup and Recovery Solutions. Not only does this mark the fourth time Gartner has recognized Veeam as a category Leader, but it is the first time Veeam is positioned highest overall in Ability to Execute. Veeam was also the only vendor to move higher in both Ability to Execute and in the Completeness of Vision axis. Additionally, for the first time in company history, Veeam was recently named to Financial Times’ Americas Fastest Growing Companies 2021.
“Although our history of solid growth and profitability is unrivaled in the industry, I believe that Veeam will become the #1 industry leader in total revenue within the next 2 years, what I am most proud of is that we helped 400,000+ customers around the world with their Modern Data Protection. Veeam is protecting the data that is powering our global digital economy,” added Allan.
