Cloud Backup Firm Veeam Reports 25% YoY Growth in First Quarter of 2021

Veeam, a global data protection provider for cloud, virtual, SaaS, Kubernetes and physical workloads, has announced another quarter of double-digit growth with an annual recurring revenue (ARR) increase of 25% year-over-year (YoY) for the first quarter of 2021.

According to Veeam, double-digit growth across the globe is a testament to the early success of NEW Veeam Backup & Replication v11, their advanced data protection solution for cloud, virtual, SaaS, Kubernetes and physical workloads.

Released in Q1’ 21, Veeam Backup & Replication v11 has brought Veeam customers 200 new backup, cloud, DR, security and automation enhancements. With more than 130,000 unique downloads of Veeam Backup & Replication v11 since general release in February 2021, the product would average 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.

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Photo William H. Largent
“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,” said William H. Largent, Chief Executive Officer (CEO) and Chairman of the Board at Veeam.

Veeam Backup for Microsoft Office 365, Veeam’s fastest growing product, reported 156% growth YoY in the first quarter of 2021. Veeam Backup for Microsoft Office 365 has now been downloaded by more than 175,000 organizations with 5.8 million users under paid contract.

“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.”

AWS, Microsoft Azure, Google Cloud

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 Universal License (VUL), a portable license that enables IT agility and workload mobility for multi and hybrid cloud enterprises, accounted for 88% growth YoY.

“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, CTO and SVP 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.”

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