Veeam Software, a leader in backup solutions that deliver Cloud Data Management, has announced significant growth in the first quarter of 2019.
This period includes the January launch of Veeam Availability Suite 9.5 Update 4, one of the largest and most anticipated product releases in the history of the company, which is now one of the largest private software companies in the world.
Veeam reported a 16% increase in total bookings year-over-year (YoY), celebrating more than 343,000 customers, staying consistent with an average of 4,000 new customers each month.
Veeam’s Annual Recurring Revenue (ARR) increased 30% YoY, due to a new subscription pricing model for all new Veeam products, including new Veeam Availability Suite 9.5 Update 4. Released to the public at the beginning of the first quarter, it has more than 200,000 downloads to date.
The company is continuing to experience rapid growth in the Middle East with a 24% increase in in total bookings year-over-year (YoY) and a 50% increase in Veeam Cloud & Service Provider (VCSP) transactions.
Claude Schuck, regional head, Middle East, said: “Most of our regional growth is coming from the UAE where Digital Transformation is high on the agenda of both the public and private sector, with companies looking to become more agile and competitive.
“Digitising and modernising businesses leads to dependency on data which becomes the new asset. This needs to be protected and enterprises in the region are looking to Veeam to help them manage and protect their data intelligently. We also see momentum in our cloud business as a result of the big public cloud providers Azure and AWS coming to the region encouraging customers to embrace the cloud.”