Veeam Announces Record 2016 Results

2016 was excellent year for Veeam. The company made $607,4M in total revenue bookings with 28 percent YoY growth. The growth was fueled by accelerated enterprise and cloud revenues which were driven by the critical need for enterprises of all sizes. In Croatia, Veeam had 28 percent YoY growth.

“2016 was a fantastic year for Veeam across the board, driven by users’ insatiable appetite for anytime, anywhere access to data, applications and workloads,“ said Peter McKay, Veeam’s President and COO. “As organizations work to digitally transform every aspect of their business, CIOs are quickly coming to realize that these IT investments won’t be worth much if they can’t guarantee that they will be ’Always-On’. We’ve seen incredible growth in demand for the Veeam Availability Suite from all sectors of the market, but especially from the Fortune 500 and Global 2000.“

Good results were mostly driven by Enterprise growth and momentum. At the end of 2016, the company counted 73 percent of the Fortune 500 and 56 percent of the Global 2000 as customers. Enterprise new license bookings grew 57 percent annually, while the number of new enterprise customers grew 48.6 percent to 761 over the same period. They added 50,000 new customers in total and now have 230,000 customers worldwide. That means the company managed to keep pace of the historical average of approximately 4,000 new customers every month.

Veeam software solutions are protecting 13,3 million virtual machines, including more than 1 million VMs under VCSP management. They also expanded their ProPartners program to 45,000 worldwide. The Veeam Cloud & Service Provider (VCSP) program, which provides service providers with ready-made opportunities to offer Disaster Recover as a Service (DRaaS) and Backup as a Service (BaaS) and to acquire new customers and grow recurring revenue, reported 79 percent YoY revenue growth. The VCSP program has expanded to more than 14,300 service and cloud providers worldwide, with more than 2,600 of those partners licensed to provide services for Veeam Cloud Connect.