Veeam's Quasi-Q3 Report

Veeam is back with its third-quarter report that falls just short of actually being one because the company -- which appears to be doing just fine -- does not disclose its revenues in it. What it does report is that total Q3 bookings revenue grew 43 percent over the same period last year, and that new license bookings increased 30 percent during that period.

There is more good growth news. "We are very happy to have reached the milestone of 50,000 customers just six years after our founding," said Veeam major domo Ratmir Timashev, "as this represents strong validation of the quality and innovation of our products. It's great to see the success our customers and partners are having, especially with our Backup & Replication product, the industry leader for VMware and Hyper-V backup and data protection."

Ratmir has said in the past that he could be bringing the company public sometime soon, but he is a my-way-or-the-highway type of guy with a very successful track record, and he is not about to make a big move until he is good and ready.

The president and CEO is somewhat elusive. You never know where he might show up. It is interesting to note that Veeam press releases are bylined from Baar, Switzerland, a scenic, 9.6 square-mile village in the canton of Zug whose founding dates back to 1045. It's not hard to imagine Ratmir holed up in some majestic, 11th century castle, plotting his next moves from there.

Posted by Bruce Hoard on 10/24/2012 at 12:48 PM