Veeam Announces 28% YoY Growth

Veeam has announced exponentially growing revenue as a result of its innovative approach to delivering 24.7.365 availability for today’s hybrid cloud world.

Veeam Software, the innovative provider of solutions that deliver Availability for the Always-On Enterprise, today announced record results for Q4 2016 and FY 2016: 28 percent year-on-year growth (the equivalent figure for the Middle East is 18%) and $607.4M in total revenue bookings, fueled by accelerated enterprise and cloud revenues which were driven by the critical need for enterprises of all sizes to ensure they are available 24.7.365 in the Hybrid Cloud world.

Peter McKay, Veeam’s President and COO“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.”

Highlights from Veeam’s 2016 results include enterprise growth and momentum, 230,000 customers worldwide, 13.3 million virtual machines (VMs), expansion to 45,000 ProPartners worldwide and, DRaaS and BaaS.

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