Wednesday, 12 May 2021 11:59

Veeam reports 25% growth in Q1 2021 with Veeam backup 11 downloaded every minute

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Backup and recovery software vendor Veeam Software today reported its quarter one 2021 results of annual recurring revenue increasing 25% year over year. The company sees this growth as a testament to the early success of its new Veeam Backup and Replication v11 product.

Veeam Backup and Replication v11 supports cloud, virtual, SaaS, Kubernetes, and physical workloads, making it an all-in-one modern data protection product no matter the environment in use. The product contains over 200 new and powerful backup, cloud, disaster recovery, security, and automation enhancements over the previous version.

Since its release in February, Veeam Backup and Replication v11 has been downloaded by over 130,000 users, representing a download every minute.

Shiva Pillay, Senior Vice President, Asia Pacific and Japan, said, “following the early success of v11 and completing support for all three major public cloud providers, Veeam is celebrating another quarter of double-digit growth with Q1 ’21 resulting in annual recurring revenue (ARR) of 27% year-over-year (YoY) for APJ alone.

“Veeam continues to deliver consistent, double-digit revenue growth because of its unmatched scale and market expansion. According to IDC, APJ is growing 3X the market average and in the most recent 2H20 Software Tracker, we also achieved the fastest revenue growth – 9% sequentially from 1H20 to 2H20 and 18.4% year-over-year from 2H19 to 2H20.

As the old proverb says, ‘If you want to go fast, go alone. If you want to go far, go together.’ Veeam’s strong collaboration with our partner and alliance ecosystem is the key ingredient for our growth. We had over 2000 transacting partners in Q1 – and we pride ourselves in how we work hand-in-hand to overcome challenges in the digital transformation era. Veeam also welcomed 400,000+ customers globally, including the Japanese Racing Association (JRA) as a new advocate for APJ in Q1.

As more organisations are accelerating their modern data protection strategies, we will continue to solidify our commitment to being the No. 1 trusted provider that ensures data availability and protection.”

Veeam also announced Veeam Backup for Microsoft Office 365 reported 156% growth, with over 175,000 organisations and 5.8 million users under paid contract.

Veeam now counts 82% of the US Fortune 500 and 69% of the Global 2000 as customers. New first-quarter advocates include Puma, Sodastream, NTT Data, and the National Institute of Aerospace Technology (INTA).


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David M Williams

David has been computing since 1984 where he instantly gravitated to the family Commodore 64. He completed a Bachelor of Computer Science degree from 1990 to 1992, commencing full-time employment as a systems analyst at the end of that year. David subsequently worked as a UNIX Systems Manager, Asia-Pacific technical specialist for an international software company, Business Analyst, IT Manager, and other roles. David has been the Chief Information Officer for national public companies since 2007, delivering IT knowledge and business acumen, seeking to transform the industries within which he works. David is also involved in the user group community, the Australian Computer Society technical advisory boards, and education.

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