On the basis of region, data backup software is more. We have seen customers adopting different revenue models. In an aggressive market that is seeing both legacy and newcomers falter, it has reported another quarter of doubledigit. Veeam also reported a 72% yearoveryear increase in cloud bookings for the third quarter. The companys software manages all virtual, physical and cloudbased workloads from a single console, as well as restores entire vms, individual files and everything in between, enabling clients to have a complete backup of the data and speed up the pace of innovation. For instance, software product revenue streams can include ad revenue, sales, subscriptions, and their combinations. Techcircle cloud firm veeam sees q1 revenue jump on new subscription model, product update. Cloud data management is a key component of delivering business agility. Veeam continues to dominate cloud data management with q3. A business model can make use of one or several revenue streams. Veeam is unusual among private software companies in that it regularly and publicly shares financial performance data via press release. The company revealed that its annual recurring revenue increased by 26% yearoveryear yoy in q2 2019, and its veeam availability suite u4 is approaching 350,000 downloads since its release in january.
We have already been notified of integration into nimble arrays, direct restore to azure, full windows server 2016 support and enhanced vmware vcloud director integration but today veeam announced perhaps some of the. Veeam is a solid product that our experts evaluated with a 9. Retired products sold prior to the november 1, 2015. Software business models, examples, revenue streams, and. Veeam now has over 365,000 customers, ranging from very small deployments, to an organization that protects over 100,000 machines. Jan 07, 2014 adding new customers at the rate of nearly 3,000 a month, veeams annual bookings revenue grew 62% in 2012 and 58% in 20, and rapidly gaining market share on big players such as commvault and. Veeam is the global leader in backup that delivers cloud data. Veeam alternatives 2020 best similar software from competitors. Subscription license full license that expires at the end of the subscription term. Veeam is unusual among private software companies in that it regularly. Adbased revenue models entail creating ads for a specific website, service, app, or other product, and placing them on strategic, hightraffic channels.
Veeam is unusual among private software companies in that it regularly and. Business models why your company needs a recurring revenue model no matter what type you choose, recurring revenue business models are 10 times better than nonrecurring ones. Veeam, a backup software company famous for its bright green corporate colors and its easytouse software for backing up virtual machines, has emphatically signalled its intention to take. As the trusted provider of backup solutions that deliver cloud data management, in a short space of time veeam has amassed more than 365,000 customers across the globe and has been named a leader in the gartner magic quadrant for data center backup and recovery software for yet. The company revealed that its annual recurring revenue.
Customers are also adopting cloudlike consumption model for software, also referred to as payperuse. Nov 27, 2017 veeam claims 267,500 customers and 16,700 service provider partners using its software. The subscription license term is normally years from the date of license issue. Veeam software continued its move into the enterprise with a partnership that allows it to protect physical workloads in unix environments. As a leader in cloud data management, its solutions are trusted by over 350k customers worldwide. Veeam north america propartner program announces new growth. Annual recurring revenue up 24% yy for veeam in 3q19. Oct 22, 2019 veeam continues to dominate cloud data management with q319 doubledigit growth market leader reports significant annual recurring revenue growth, industryleading nps score, and continued. Veeam software is a privately held information technology company that develops backup, disaster recovery and intelligent data management software for virtual, physical and multicloud. With the advent of the internet, the revenue models of many companies now include countless income sources from the digital world.
We have already been notified of integration into nimble. Veeam is a reputed data availability and protection service for businesses and individuals that consists of three separate products veeam availability suite, veeam backup and replication and veeam one. Veeam is the global leader in backup that delivers cloud. Idc semiannual software tracker 2019h1 shows veeam again achieving. The year 2019 was a transformational one for veeam in india. Veeam software, since its inception in 2006, has seen large gains in market share according to idc data.
Veeam software is the innovative provider of solutions that deliver availability for the alwayson enterprise. Veeam competitors, revenue and employees owler company. Veeam software director, global public relations heidi monroe kroft, 6143398200 x8309. Partners need to develop different sales models to stay. For example, veeam has recently released agents for windows and linux. Processed machines statistics to view information about all machines engaged in performed jobs, open the machines tab. Veeam revenue increases as enterprise deals grow storage. Customers save time, mitigate risks and dramatically reduce capital and operational costs. As the trusted provider of backup solutions that deliver cloud data management, in a short. Veeam, the virtualisation software experts, are pleased to offer a new programme for all of their service provider partners, their vcp, veeam cloud programme. A revenue model is important for the companys longterm business projections as it gives an overview of the companys current and future potential to earn profits.
Quickspecs hpe complete veeam software overview page 1 for latest information on this product please use hpe veeam software quickspecs hpe complete veeam software todays businesses. Veeam essentials is exactly what i was referring to. Veeam software has announced a new strategic partnership with insight venture partners to identify new growth opportunities as it boasted of a decent performance in q2. Our local data center counts 3 hp proliant dl 380 gen10 servers and a 48 tb san supporting. Product demo session veeam agents for microsoft windows and linux veeam software disasterrecoveryasaservice overview offsitedatasync and veeam while much of the storage market is. In an aggressive market that is seeing both legacy and newcomers falter, it has reported another quarter of doubledigit growth with an annual recurring revenue arr increase of 24% yy yy and uptake in its new veeam universal license vul subscription pricing. A lot more customers started subscription over the perpetual model. Veeam software, the innovative provider of solutions that deliver availability for the alwayson enterprise, today announced record results for q4 2016 and fy 2016. Since veeam was formed in 2006, the company has continued to lead the industry in terms of growth and innovation. Its none of the software vendors business how many cpu sockets or ram sockets i have. Veeam enterprise customers gain enhanced physical protection. However, you may want to consider other backup software products.
Veeam alternatives 2020 best similar software from. Veeam achieves marketleading revenue growth in 1h 2019. Veeam software is a privately held information technology company that develops backup, disaster recovery and intelligent data management software for virtual, physical and multicloud infrastructures. It provides fast, flexible and reliable recovery of virtualised applications and data, bringing vm virtual machine backup and replication together in a single software solution. Veeam north america propartner program announces new. Adding new customers at the rate of nearly 3,000 a month, veeams annual bookings revenue grew 62% in 2012 and 58% in 20, and rapidly gaining market share on big players such as. The companys headquarters are in baar, switzerland. Veeam continues to dominate cloud data management with q319. Rental license full license with the license expiration date set according to. It provides fast, flexible and reliable recovery of virtualised applications and data, bringing vm. Its none of the software vendors business how many.
The fourth quarter of 2014 is the 28 th consecutive. Veeam posts 40% growth in virtual machine backup product revenues. Bill also worked with other members of the veeam executive team at aelita software, where he was chief operating and financial officer. Apr 06, 2020 the year 2019 was a transformational one for veeam in india.
May 17, 2017 veeam, a backup software company famous for its bright green corporate colors and its easytouse software for backing up virtual machines, has emphatically signalled its intention to take market. Processed machines statistics veeam software help center. Veeam revenue increases as enterprise deals grow storage soup. All content is posted anonymously by employees working at veeam software. Prior to aelita, largent was cfo at plug power, where he managed the. A software revenue stream defines the way company is paid for its products and services. Cloudbased backup and disaster recovery adoption is on the rise. Timashev said the figure was based on revenues for the trailing 12 months. While veeam started out in 2006 as virtual machine backup, it has since ventured deeply into cloud and physical data protection. Veeam software corporation company profile columbus, oh. Veeam softwares key executives are william largent, gil vega and chuck garner. Mar 07, 2019 veritas technologies dominated with 6. The vendor claims 267,500 customers and 16,700 service provider partners using its software.
Quickspecs hpe complete veeam software overview page 1 for latest information on this product please use hpe veeam software quickspecs hpe complete veeam software todays businesses are under constant pressure to increase revenue, maximize efficiency, reduce risks and drive down costs. See veeams revenue, employees, and funding info on owler, the worlds largest. However, you may want to consider other backup software products that got even better scores and satisfaction ratings. Cloud environments ensuring your data is protected for any cloud and ready for any scale. The name veeam came from the phonetic pronunciation of the letters vm virtual. The company also announced an update to the veeam backup for microsoft office 365 with multitenancy, which enables service providers to expand their platform of veeampowered services, and. Veeam posts 40% growth in virtual machine backup product.
This includes licensing by the number of protected workloads or by the number of cpu sockets on a managed server or host. The backup and disaster recovery firm says its business model is agile and. Chuck garner, cfa chief financial officer veeam software. May 22, 2019 this week, veeam provided an update at its annual veeamon conference in miami and revealed a significant revenue milestone. Veeam is the leader in backup solutions that deliver cloud data management. Veeam continues to dominate cloud data management with q319 doubledigit growth market leader reports significant annual recurring revenue growth, industryleading nps score, and. Dec 09, 2015 just received an email from veeam listing the new prices. Veeam software unveils 26% revenue increase in q2 2019 data. Product demo session veeam agents for microsoft windows and linux veeam software disasterrecoveryasaservice overview offsitedatasync and veeam while much of the storage market is stagnant or down, data protection vendor veeam software said it grew revenue 28% in 2016 by expanding its business into enterprises and the cloud. A lot more customers started subscription over the perpetual. Veeam is unusual among private software companies in that it. Together, cisco hyperflex and veeam work effortlessly to protect critical business workloads and data across multi.