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Veeam Reports Stellar Q1

It looks like the virtualization management market for companies in the VMware ecosystem is living up to its hype--at least for privately-held Veeam, which does not reveal its intimate financial workings, but is quite happy to put out a press release filled with good news, e.g.:

  • Total booking revenue grew 165 percent in Q1 2010 over the same period in 2009.
  • New license bookings revenue increased 161 percent over the same period.
  • Veeam signed up over 1,400 new customers in Q1, bringing its worldwide total to nearly 10,000.

Also in March Veeam unveiled SureBackup for VMware image-level backups. This technology tests and verifies the recoverability of "every backup of every virtual machine." SureBackup will find its way into version 5.0 of Veeam Backup & Replication, which is scheduled to hit the streets during Q3.

Of course, they have a cloud initiative, and it comes in the form of a customized partner program for cloud and managed service providers that was created to align with their business models. The company says it has 3,300 ProPartner resellers and more than 20 distributors worldwide.

Veeam president and CEO Ratmir Timashev cites the work his company put into building a strong, global sales and channel organization, as a reason for the favorable Q1 results.

Question: What is your impression of Veeam?

Posted by Bruce Hoard on 05/20/2010 at 12:48 PM


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