Veeam reports 26% growth in Q2’2021 as modern data protection is at an all-time high priority for organisations
Veeam Software, the firm in backup, recovery and data management solutions that deliver modern data protection, has announced another quarter of double-digit growth with an annual recurring revenue (ARR) increase of 26 per cent year-over-year (YoY) for Q2’21. Veeam delivered more than 20 new product releases including significant enterprise-grade feature updates over the last 18 months and several major releases in 1H’21 – Veeam Backup for Google Cloud Platform and Veeam Backup and Replication v11. With no plans of slowing down its momentum, Veeam is preparing to release key innovations of cloud-native solutions for AWS, Microsoft Azure, Google Cloud, Microsoft Office 365 and the first integration of Kasten K10 for Kubernetes into the Veeam Platform in the second half of 2021.
“Now, more than ever, especially as ransomware attacks increase, data is the lifeblood of organisations. The need for Modern Data Protection to achieve operational objectives and business continuity is fueling the demand for Veeam’s industry-leading solutions. Q2’21 is not just another quarter of growth for Veeam; as our fourteenth consecutive quarter of double-digit growth, it represents unrivaled results, especially during such an unstable global environment. Veeam is continuing to thrive and grow, and our commitment to deliver simple, flexible, reliable and powerful data management and protection solutions to our 400,000+ customers is unwavering,” said William H. Largent, Chief Executive Officer (CEO) and Chairman, Board, Veeam.
“A year on from when the world first plunged into uncertainty, we as a company are grateful to report another quarter of double-digit revenue growth,” said Shiva Pillay, Senior Vice President, Asia Pacific and Japan, Veeam.
