Veeam Software

For 2014, Veeam's central office is located in the city of Baar in Switzerland, and regional offices are located around the world, the development center in St. Petersburg.

Performance indicators

2021: More than 420% growth in cloud data protection

On January 25, 2022, Veeam Software, a backup solution provider, shared the results of 2021. According to company representatives, 2021 was the most successful in the entire existence of Veeam.

The company announced the receipt of record revenue. In addition, annual regular revenue (ARR) from sales of Veeam Backup for Microsoft Office 365 in 2021 grew by 73% - 8.5 million users entrusted Veeam with protecting their data in Office 365. Veeam Availability Suite sales revenue growth exceeded 36% compared to 2020, and Veeam Backup & Replication, Veeam ONE, and Veeam Disaster Recovery Orchestrator sales increased 204%.

The direction cloudy data protection to Veeam for 2021 showed an increase of more than 420% compared to the same period the previous year. In general, the trend of transition data storage to the cloud provides a high growth rate of Veeam. Thus, in 2021, the company transferred more than 500 petabytes (0.5 exabytes) data to public cloud storage, the growth rate of this area amounted to 135% compared to the same period last year.

The EMEA region, according to Veeam, saw double-digit ARR growth of 28% year-on-year in 2021.

Veeam's customers include 81% of Fortune 500 companies and 70% of Global 2000 companies.

2020: Volume of orders - over $1 billion

Veeam Software, an expert in solutions for backup data management and in, cloud announced its 2020 results on February 10, 2021 financial. Last year was marked by the completion of the transaction announced on January 9, 2020 on the acquisition of Veeam by the fund at Insight Partners a valuation of $5 billion. This set the pace for the entire year, which was characterized by significant growth in all market segments. The culmination was Veeam acquisition in Q4 2020 of the company, a player Kasten in the backup and disaster recovery market for. Kubernetes

"Despite the unforeseen difficulties and special circumstances of 2020, Veeam has maintained a strong growth rate. For the second year in a row, the volume of orders exceeds 1 billion. And US dollars annual regular income (ARR) increased by 22% compared to the previous year, "said Bill Largent (William H. Largent), Chairman of the Board and CEO of Veeam.

Veeam's strategy in the hybrid cloud market has allowed the company to continue to grow steadily throughout 2020, with customers exceeding 400,000. Specifically, revenues from Veeam Backup for Microsoft Office 365, Veeam's fastest-growing product in two years, rose 73%. Veeam Backup for Microsoft Office 365 has been deployed to more than 154,000 organizations and serves over 15 million users. At the same time, sales growth for completed deals under Veeam agreements with exclusive resellers Hewlett Packard Enterprise (HPE), Cisco, NetApp and Lenovo was 16%.

Released in December 2020, the 5th version of the product is complemented by the functions of backup and recovery of data in. Microsoft Teams Now users can quickly and easily find and restore what they need data directly in Teams groups, channels and settings Microsoft. The protection of such data has become especially important, since the transition remote work to has led to an explosive increase in the use of Microsoft Teams over the past year. In January 2021, the number of daily active users reached 115 million, which is 475% more than a year earlier, when the audience was about 20 million users.

"Veeam's acquisition by Insight Partners at the start of the year undoubtedly gave the company a huge boost," said Danny Allan, CTO and Veeam's senior vice president of product strategy. - Then our flagship product Veeam Availability Suite v10 became available, which has more than 150 new features. This is the next generation of data protection solutions. Despite the challenges posed by the global pandemic for our employees, customers and partners, Veeam is steadfastly continuing to move forward. During the year, the company released 16 major product releases that meet customer requirements for backup and data protection. We continue to implement Act 2, which provides for the development and implementation of new technologies in the hybrid cloud and in containers. "

Business in Russia

Main article: Veeam in Russia

Partner Network

Main article: Veeam ProPartner

History

2024: A hole in Veeam software allowed hackers to spread ransomware viruses around the world for years

Hackers used a hole in Veeam software to spread the ransomware virus. This became known in July 2024.

According to The Register, a group of hackers called EstateRansomware, using a software hole (codenamed CVE-2023-27532), which Veeam patched a year ago, spread one of the virus options LockBit and extorted money from victims to unlock files.

Hackers used a hole in Veeam software to spread the virus

As it turned out, not all Veeam customers received information about the need for a speedy software update. In addition, in 2023, the CVE-2023-27532 was used by a pro-Russian group of FIN7 hackers.

This [need to update the software] has been communicated directly to all our VBR customers, "said Monroe Croft, a spokesman for Veeam Software. A Knowledge Base magazine published an article detailing the problem. When the vulnerability is identified and exposed, attackers will still try to exploit the patches and reconstruct them to exploit the vulnerability in the uncorrected version of Veeam software in their exploitation attempts.

In early April 2024, security researchers at Singapore-based Group-IB discovered EstateRansomware, which typically gain initial access to target networks through an inactive Acc1 account in FortiGate SSL VPN. According to the analysis of Group-IB, after logging into the network through the Acc1, attackers establish connections to the remote desktop. EstateRansomware then uses this remote desktop access to deploy the backdoor on a failover server to provide ongoing access to the victim's environment. The backdoor gives attackers remote control over the server. Further, the criminals connected from a fault-tolerant server to the Windows file server in the victim's Veeam environment through a remote desktop and used this file server to collect any credentials.

By July 2024, the number of victims of this exploit is unknown.^[1]

2021: Anand Eswaran's appointment as CEO of Veeam

Veeam Software, a provider of backup, recovery and data management solutions that provide modern approaches to data protection, announced on December 16, 2021, the appointment of Anand Eswaran as CEO and member of the company's board of directors. Read more here.

2020

Purchase of data protection software developer Kasten for $150 million

In early October 2020, Veeam announced the acquisition of Kasten for $150 million. The buyer will pay for the transaction with his own funds and shares. Read more here.

Insight Partners Fund Completes Acquisition of Veeam Software

On March 2, 2020, Veeam Software announced that the Insight Partners Fund completed the acquisition of the company, which was announced on January 9, 2020. The transaction amounted to about $5 billion. Veeam is one of the market leaders with annual sales of more than $1 billion and a portfolio exceeding 365,000 customers worldwide. In continuation of the investment made by Insight Partners in the company in early 2019, the acquisition transaction will help accelerate Veeam's growth in the American market.

{{quote 'author = narrated by Bill Largent, CEO of Veeam' Insight Foundation is our longtime and trusted partner. They first invested in Veeam in 2013. They are well known for their ability to support fast-growing international companies and contribute to their success in the American market using their experience and resources. Veeam has a good market position, and Insight is the right partner in getting to the next stage of Veeam's development - Act 2, which is related to hybrid cloud technology, }}

In addition to this, to accelerate the transition to another stage of development, Veeam is moving the company's headquarters from Switzerland to the United States and strengthening its management team. As part of the acquisition of the company, the following appointments were made:

• William H. Largent is named CEO (CEO). He previously served as Executive Vice President (EVP) for Operations.
• Danny Allan has been promoted to Chief Technology Officer (CTO).
• Gil Vega, who previously served as managing director and director of information security at CME Group, as well as deputy director of information and information security at the US Department of Energy and US Immigration and Customs Enforcement (Washington, DC), has been appointed director of information security (CISO).
• Nick Ayers of Ayers Neugebauer & Company, a former chief of staff to the US Vice President and a member of the World Economic Forum's Young Leaders List, joins Veeam's board of directors with Insight Partners managing directors Mike Triplett, Ryan Hinkle and Ross Devor.

Over the past decade, Veeam has become a leader in the EMEA region (Europe, Middle East, Africa). As of March 2, 2020, EMEA accounts for about 50% of the company's total revenue. The Insight deal and the recent release of Veeam Availability Suite v10 - the latest generation of data protection solutions - aims to strengthen leadership in the U.S. where we can realize growth opportunities in the enterprise cloud data management products segment. narrated by Danny Allan, CTO Veeam

The future of cloud computing is hybrid solutions where data is created, stored, managed, and replicated across multiple platforms and environments. Veeam addresses the challenges customers face in managing data. This is a deal that will provide Veeam with the additional resources necessary to meet the increasingly diverse and complex needs of customers, counts Crawford Del Prete, president of IDC

Insight Partners Fund buys company for $5 billion Timashev and Baronov leave

On January 9, 2020, Veeam Software was announced to be sold to Insight Partners investment company for $5 billion. As a result of this deal, which is scheduled to close in the first quarter, the manufacturer of software for backing up virtual machines and monitoring virtual environments will become a US company. Previously, its headquarters was located in Switzerland.

Veeam co-founders Ratmir Timashev and Andrei Baronov will resign from the company's board of directors, as well as from their leadership positions. They will become top managers of Insight Partners, but what kind of positions have been prepared for them is not specified.

Timashev and Baronov will leave Veeam by mid-2021, and until that time they will advise new executives and help them during the transition period.

Veeam's new CEO will be Executive Vice President of Operations William Largent. He already has the experience of managing Veeam: in 2016-2017, he was at the helm of the company.

Veeam will increase its headcount USA by more than 1,200, Largent said. By the beginning of January 2020, it is not known in which city the new office of the company will be located.

In a press release on the sale of Veeam, it is reported that thanks to the sale, the company will enter a new stage of growth. In 2019, Timashev said in an interview with CRN that Veeam attributes its growth to three main areas: Microsoft Office 365, as well as data backup in the cloud infrastructures of Amazon Web Services (AWS) and Microsoft Azure.

Each of these markets is likely to be an opportunity for us to make half a billion dollars in the next five years, "he said.

However, as explained to CRN by Veeam CTO Danny Allan, this task requires an even more serious presence in the American market.

According to the publication, Veeam has become the leading manufacturer of data management and protection solutions in Europe, but in the United States it ranks only fourth. Who is ahead of the company in the American market, CRN does not specify.

According to Allan, Veeam was founded during the 2008 financial crisis in the United States, with the bulk of the investment concentrated in Europe due to financial turmoil in the United States. This led to the fact that Veeam by the beginning of 2020 earns more in the European market than in the American one.

This is contrary to what is happening in most large technology companies. It's usually the opposite. Major American companies are headquartered in the United States. Therefore, we believe that business in the United States has huge opportunities, "he said.

Veeam partners interviewed by CRN were surprised by the departure of Ratmir Timashev and Andrei Baronov from the company. At the same time, they noted that the co-founders have done a lot of work to grow the company's business, and the emphasis on the American market will improve the partner business.

According to Corus360 President and CEO (Veeam partner) Steve Johnson, Timashev not only knows the storage technology market well, but is also very worried about the work of partners.

Ratmir always attended meetings of the partner council. He really understands the channel. He's a great guy. He answers our questions and listens to us. Whenever we have a question or concern on the council, it answers. Veeam is the channel's company. Such a commitment to partners begins at the top, "Johnson said.

He added that he would like Ratmir Timashev to create a new company, and Corus360 become its partner.^[2]

2019

The annual volume of Veeam orders exceeded $1 billion

On May 22, 2019, Veeam Software announced that its annual order volume exceeded $1 billion, and thus the company entered the list of the largest software manufacturers. The total number of Veeam customers exceeded 350,000, and the monthly growth is more than 4,000 companies.

"Veeam has created backup market VMware and dominated over the last decade. This was the first phase of our company's life and I am glad that we have crossed the landmark $1 billion mark. However, the market is changing. Backup Still badly needed, but customers create hybrid clouds on platforms,,, and AWS, and Azure IBM they Google need more than just backup. We had to adapt to succeed in this changing environment. As of May 2019, Veeam, with its network of more than 60,000 sales partners and service providers, as well as a developed ecosystem of technology partners, among whom,,, and, Cisco HPE NetApp Nutanix occupies Pure Storage a leading position in the field - and this cloud data management determines the next stage in our company's life. Our vision and strategy for hybrid will allow us clouds to achieve spasm.' Ratmir Timashev, co-founder and executive vice president of sales and marketing at Veeam

Veeam said the company has been a leading provider of backup, recovery, and replication solutions for more than a decade. data Initially, the company specialized in backup and monitoring of virtual servers for VMware environments, but in recent years has seriously expanded its base offer, offering customers integration with various, hypervisors physical servers and end devices, as well as workloads in public environments and. SaaS In an effort to build a robust cloud management platform, the company partners with leading software, cloud, storage systems server, and vendors. hyperconverged infrastructures

The foundation of success and the determining factor in the next stage of the company's life, according to Veeam representatives, was its strategy, focused on working with partners and the ability to adapt to market changes. In January 2019, the company released Veeam Availability Suite 9.5 Update 4, combining powerful capabilities in this product to enable easy migration to the cloud and cloud mobility, cloud backup, cost-effective storage and portable licensing, enhanced security and more efficient data management, and solutions to enable Veeam-based service providers to easily serve their customers. In May 2019, the company announced the launch of the "With Veeam" program. As part of this program, Veeam, together with leading enterprise storage and hyperconverged infrastructure providers, offers customers end-to-end secondary storage solutions that combine Veeam software, storage hardware, and management stacks for HCI. Veeam has already announced such solutions in conjunction with ExaGrid and Nutanix.

"Since the first day of the company's existence, we have focused on building partnerships to ensure maximum value for our customers. By working closely with our storage and cloud partners, we can provide choice, flexibility, and value to customers of all sizes. The "With Veeam" program is a quintessential approach to partner collaboration. " Ratmir Timashev, co-founder and executive vice president of sales and marketing at Veeam

Sale of the company N2WS

On October 21, 2019 Veeam , she announced the sale of the company, N2WS which she bought almost two years earlier. However, the details of the transaction were not disclosed: it is not known who bought the provider of solutions for cloud backup and disaster recovery AWS and at what price. More. here

Ex-developer Veeam Software sued the company 23 million rubles for violating his copyright for the application

In mid-June 2019, the Primorsky District Court of St. Petersburg issued a verdict on the lawsuit from the ex-programmer Veeam Software. He accused the company, as well as Amazon Technologies and Intervim LLC (part of Veeam) of copyright infringement. Read more here.

$500 million investment from Insight Venture Partners

On January 16, 2019, Veeam Software announced that it had received a $500 million investment from venture capital fund Insight Venture Partners with the active involvement of the Canadian Pension Plan Board of Trustees (CPPIB) strategic investor. The investment will focus on accelerating Veeam's next phase of growth and cementing the company's position as a global leader in the data management industry in public and private cloud environments. Veeam will leverage the capital and capabilities of Insight Venture Partners' internal business unit called Insight Onsite to expand the business through both organic growth and M&A.

author '= Ratmir Timashev, co-founder and executive vice president of sales and marketing at Veeam ' We have a long-standing relationship with Jeff Horing and Michael Triplett of Insight Venture Partners, they have been working with us since 2002, when Insight invested in our first company, Aelita Software. At the time, we relied on Insight's expertise as a strategic consultant, and after we sold this company to Quest Software in 2004, we continued our relationship. Veeam is an intelligent data management company with over 325,000 customers and 60,000 partners in different countries as of January 2019.

"For the past 10 years, Veeam has become one of the leading vendors in the field of local data backup and recovery. Veeam has advantageous positions in technology, vision and strategy for bringing solutions to market. These qualities will only strengthen Veeam's leadership position. 'Michael Triplett, Managing Partner of Insight Venture Partners and Board Member of Veeam '

The investment from Insight Venture Partners confirms Veeam's vision and direction to be the most trusted provider of backup solutions for intelligent data management through the Veeam Availability Platform for high data availability and business continuity for its customers worldwide. The investment and expertise of Insight Venture Partners will provide the conditions for further growth of the company both through organic growth, product portfolio development and entry into other markets, as well as M&A through deals that will accelerate Veeam's expansion into related markets.

Under the terms of the investment, Michael Triplett, managing director of Insight Venture Partners, will join Veeam's board of directors.

Gordon R.Caplan, co-chairman of Willkie Farr & Gallagher LLP, acted as an adviser on the deal.

The Register characterizes the $500 million received as a "surprise" and notes that Veeam may now take its time with a public offering (IPO). A Veeam spokesman said in an interview with the Register that companies that reach revenue of $1 billion usually start looking for opportunities to go public. As an example, he cites Airbnb and Uber, which planned to go public in 2019.

However, Veeam instead chose to go down the path of attracting large investments, which would allow "no distraction" at the IPO. The company also focuses on the fact that this will provide the necessary funds for making acquisitions.

2018

Revenue growth from orders by 16% to $963 million

In 2018, revenue from Veeam Software's order portfolio reached $963 million, an increase of 16% compared to 2017. These revenues have been growing at double-digit rates (more than 10%) for 12 consecutive years, according to a press release released on February 13, 2019.

In 2018, Veeam Software attracted 48,000 customers (among them - Welch's, Anheuser Busch Employee Credit Union, Fravega, Dorel Juvenile, Mizuno, Rabobank, KLM Royal Dutch Airlines, Norfolk & Suffolk NHS Foundation Trust and James Cook. By the end of 2018, the software manufacturer had 330 thousand customers.

The cloud business has been showing the highest growth among Veeam Software for a year and a half. In 2018, the company's revenue from sales of cloud services jumped 46%.

Revenue generated from Veeam Cloud & Service Provider (VCSP) member partners rose 23%. By the end of 2018, the number of companies with VCSP status reached 21,700 , and 3,800 partners supplied Cloud Backup & DRaaS solutions through the Veeam Cloud Connect system.

Veeam itself has been recognized as the Microsoft ISV Partner of the Year for the second year in a row. By the end of 2018, the company provided the use of Microsoft Azure services  for 1.9 million hours.

Among Veeam products, sales of Veeam Agents and Veeam Backup for Microsoft Office 365 are growing the fastest - in 2018, the rise was measured by 129% and 549%, respectively. By the end of 2018, Veeam Backup for Microsoft had downloaded more than 55,000 organizations, accounting for over 7 million user mailboxes.

In 2018, the revenue of the Veeam-based cloud backup and recovery solutions provider N2WS rose 83%.^[3]

Appointment of Andrey Baronov CEO Veeam Software

On October 30, 2018, Veeam Software announced changes to the company's management team. CEO (executive director) of the company was co-founder, co-managing director of Veeam Andrei Baronov - one of the world's leading specialists in the field of system management.

Another co-founder of the company, Ratmir Timashev, was appointed Veeam's executive vice president of sales and marketing (EVP, WW Sales and Marketing). In turn, William Largent, who previously served as chairman of the finance and compensation committee at Veeam, became the company's executive vice president for operations (EVP, Operations). Ratmir Timashev and William Largent are directly accountable to Andrei Baronov.

At the same time, Veeam announced the departure of Peter McKay, who since July 2016 worked in the role of co-executive director (Co-CEO) and president of Veeam.

The changes in the management are designed to give the company the necessary impetus to continue its expansion in the corporate and cloud market segments and at the same time accelerate the growth of Veeam in all markets, commented on the appointments in the company.

445m customer records leaked

On September 12, 2018, it became known that Veeam Software allowed leak 445 million records of its customers. Data Base 200 GB was stored in an infrastructure open for sharing server MongoDB. Amazon

According to security expert Bob Diachenko, who discovered the database, the array contained personal data of clients, including names, email addresses and information about the place of residence, as well as information about the type of client, the size of the organization, IP addresses, referral URLs and user agents (User Agent).

Data Base was revealed on September 5, 2018, on September 9, 2018, the company closed access to the server. As of September 2018, it is not known how long the database was in the public domain, but the server's IP address was indexed by the Shodan search engine on August 31, 2018.

According to company representatives, the database was part of the marketing databases and did not contain important information. As of September 2018, all Veeam databases are properly protected.

For 2018, the client base of Veeam Software has about 307 thousand clients.^[4]

Inclusion in the Global HPE Supply Chain

Veeam ultra-high availability solutions will be integrated into the global HPE supply chain, enabling customers to purchase Veeam solutions from HPE worldwide. It will be easier for customers using joint solutions to buy them from one partner, and the company's partners will benefit from selling Veeam solutions through the HPE ecosystem.

Veeam as part of HPE GreenLake. In line with our customers' wishes, Veeam solutions will be available as part of the next-generation services provided by HPE: customers will have access to Veeam's market-leading ultra-high availability solutions in conjunction with other HPE subscription IT solutions.

Purchase of the company N2WS for $42.5 million

Veeam Software, a provider of business continuity solutions (Availability for the Always-On Enterprise), announced the acquisition of N2WS in January 2018. The total value of the transaction amounted to $42.5 million.

According to Veeam's calculations, this acquisition will expand the company's ability to protect AWS environments and strengthen the company's market position. N2WS will be part of the Veeam Company, but will retain its brand and ability to operate as an autonomous enterprise. Read more here.

2017

Order revenue growth by 36% to $827 million

In 2017, revenue from the Veeam order portfolio exceeded all expectations, increasing by 36% compared to last year and reaching a figure of $827 million. This steady growth can be attributed in part to the continued introduction of innovations enabling companies to make Veeam their primary platform for ensuring data and application availability in virtual, cloud, and physical environments.

In 2017, Veeam's total order portfolio in Russia and the CIS grew by 69% compared to 2016. Also, the number of new transactions of the company in the corporate segment increased by 89% compared to 2016. Veeam continues to expand its partner ecosystem: in the fourth quarter of 2017, the number of Veeam ProPartner Program participants in the Russia and CIS region grew by 23%.

Key indicators

• Veeam saw 62% growth in the big business segment. The company closed more transactions in the amount of over $500 thousand than over the past six years combined, and the growth in transactions in the amount of over $1 million amounted to a record 500%. More than 57% of Forbes Global 2000 companies and 74% of Fortune 500 companies are Veeam customers.
• With 282,000 customers, Veeam's average customer growth remains at 4,000 monthly. Among the customers that emerged this year are companies such as The Americas Life Insurance Company, a provider of insurance and financial products and services to individuals, families and businesses; BankservAfrica, the largest automated clearing house and payment systems operator in Africa; Follett, LLC, a leader in the design and manufacturing of cooling and freezing solutions; SkullCandy, a global audio brand; Industrial Scientific, a leading global provider of portable gas detectors and gas detection services.
• Create a single, comprehensive platform for data protection and availability with Veeam Backup for Microsoft Office 365, Veeam Agents, Veeam Availability Console, and Veeam Availability Suite 9.5 Update 3 with integrated agent management. All this allowed Veeam to protect all applications and data in any cloud.
• Clouds have become the fastest-growing segment for Veeam over the past nine quarters. In 2017, Veeam's cloud business grew by 50%. In the last quarter alone, the company's cloud order portfolio increased by 57% compared to last year - now more than 1.1 million virtual machines are protected thanks to the cloud services of Veeam Cloud & Service Provider (VCSP) partners. The number of VCSP partners of Veeam totals almost 18 thousand, and in 2017 alone more than 1,200 new suppliers were added.
• Veeam's workforce expanded by more than 1,000 employees in 2017

Key indicators of working with partners for 2017

• As a result of Veeam joining the comprehensive HPE program, more than 1,000 joint projects were implemented that allowed customers to purchase complex HPE and Veeam solutions directly from HPE and its resellers.
• Cisco Added Veeam to its global price list so partners can now bill and manage Veeam and Cisco solutions from DPC a single ordering system, and make it easier for customers to use a joint solution. Veeam received software the 2017 Cisco® Partner Summit Global Award as the Independent Software Vendor Partner.
• Veeam has expanded its successful partnership with NetApp from product integration to an agreement to sell solutions together, including NetApp Data Fabric. Adding Veeam to NetApp's global price list allowed NetApp customers to purchase complete Veeam and NetApp solutions directly from NetApp and its resellers in a single order.
• Veeam has expanded partnerships with enterprise segment solution providers, including integration with IBM Cloud, VMware (announcing the release of Veeam Availability Suite for VMware Cloud on AWS), Pure Storage, Nutanix, and N2WS.
• A technical partnership with Cristie Software helps Veeam support IBM AIX and Oracle Solaris, enabling enterprises to transform workflows through a single, comprehensive platform to ensure data availability across physical, virtual, and cloud environments.

Partnership with Nutanix

Veeam Software announced in July 2017 that it would expand its partnership with Nutanix, making Veeam the Premier Availability solution provider for virtualized Nutanix environments. Veeam provides support for Nutanix AHV in its flagship Veeam Availability Suite, enabling the combined Nutanix and Veeam customers to benefit from the enterprise data availability solution. Cooperation also helps to significantly accelerate the implementation of the digital transformation strategy in large companies, by meeting the expectations of users to gain continuous digital experience.

2016

Sales growth of 28% to $607.4 million

• Revenue from the total portfolio of orders increased by 28% to $607.4 million.
• At the end of 2016, Veeam's customers were 73% of Fortune 500 companies and 56% of Global 2000. The number of transactions in the corporate segment increased by 57% compared to the previous year
• The number of customers increased by about 50,000, which corresponds to Veeam's annual figures of approximately 4,000 new customers per month.
• 13.3 million virtual machines are secured by Veeam solutions, including one million through the VSCP program.

205 thousand customers, 2.2 thousand employees in 32 countries

On October 10, 2016, the press service of Veeam Software announced that the company exceeded the number of customers by 205 thousand.

Veeam has developed rapidly since its inception. Initially, the company had only 13 employees, and today there are more than 2.2 thousand of them in 32 countries. In the second quarter of 2016, revenue growth from the total order portfolio amounted to 38% compared to the same period last year Vasily Vaganov, Senior Regional Director of Veeam in Eastern Europe, Russia and the CIS

2015

Revenue of $474 million (+ 22 %)

In 2015, the total revenue from the total order portfolio reached $474 million. Compared to the previous financial year, the growth was 22%, and annual revenue from orders in the corporate segment increased by 34%.

In 2015, the following revenue indicators improved:

• 94% growth from Veeam Availability Suite Enterprise Plus sales;
• 54% increase in sales of all versions of Veeam Availability Suite;
• 36% growth under the Veeam Cloud & Service Provider (VCSP) program;
• an increase in the number of new orders in the corporate sector by 34%.

Victory in the United States in the patent war with Symantec

The Russian-founded company Veeam Software, which specializes in developing data availability solutions in data centers, has invalidated Symantec's claims at the US Patent and Trademark Office. The Patent Disputes and Appeals Chamber of this department issued final decisions in favor of Veeam in four bilateral CNews proceedings^[5].

Previously, three other Symantec patents were invalidated in July 2014. In total, the proceedings lasted more than three years: the first lawsuit in the Northern District Court of California was filed in February 2012, the second eight months later.

In its lawsuits, Symantec said Veeam's products infringe on its patents for data storage, recovery and backup.

"The final decisions mean that Symantec will never again be able to claim these patents against Veeam products," explains Veeam President and CEO Timashev Ratmir.

Veeam was represented in federal district court and the U.S. Patent and Trademark Office by experts from the law firm "Sterne, Kessler, Goldstein and Fox, P.L.L.C."

2014: Revenue growth 40% to $389 million

• Revenue in 2014 amounted to $389 million, which is 40% more than in the previous fiscal year.
• The total volume of orders exceeded $1 billion: Veeam's revenue since the release of its first product in 2007 has exceeded $1 billion;
• Significant growth in revenue from sales of new licenses: income amounted to $288 million, which is 33% higher than in the previous fiscal year;
• Steady growth in license renewal orders: $101 million US, up 66% from the previous fiscal year;
• 44,000 new customers: The total number of Veeam customers worldwide now exceeds 135,000; average monthly customer base growth - 4,000 customers;
• Veeam Cloud Provider Program: Veeam Cloud Provider (VCP) rental and subscription revenue growth was 106% year-over-year. Veeam currently has 6,800 partners in the VCP program worldwide; in 2014, this indicator increased by 2,500;
• Double revenue from new license sales [[Microsoft Hyper-V]: Year-over-year, up 105%;
• The number of ProPartners partners worldwide has increased to 29,000.

Veeam claims that its solutions guarantee continuity business processes through high-speed recovery, data loss prevention, recovery verification, risk mitigation, and end-to-end control.

2013: Sales up 58% to $277 million Insight Venture Partners Fund buys stake in company

In 2013, Veeam Software's total sales amounted to $277 million, an increase of 58% compared to 2012. About 90% of sales came from the flagship product - Veeam Backup and Replication, and the rest of the revenue - from products for managing virtual infrastructures.

The company notes that they initially started with products only for virtual machines based on VMware software, and two years ago they began to support Microsoft Hyper-V. According to the results of 2013, solutions for Microsoft Hyper-V accounted for about 11% of the company's turnover, while sales in this area increased by 247% over the year, according to Veeam Software.

Geographically, about 40% of the turnover fell on the United States, 45% - on Europe, and 15% - collectively on all other countries.

In 2013, Insight Venture Partners bought a minority stake in Veeam, which was not disclosed.

At the end of 2014, Veeam Software expects revenue growth of about 35-40%, to $375 million, and by 2018 plans to reach a turnover of about $1 billion. Veeam Software expects that supporting the planned growth rate will help it provide new positioning, launched in 2014. It defines the company as a provider of business continuity products due to the constant availability of IT infrastructure.

2012: Revenue growth of 62%

In 2012, total revenue grew by 62%, while revenue from new orders - by 52%. In the fourth quarter of 2012, the company's revenue increased by 61%, and revenue from new orders - by 50%, compared to the same period in 2011. Veeam's customer base grew by 25,000, with more than 57,000 customers and more than eight million secure virtual machines worldwide by the end of 2012.

2011: Revenue growth 124%

Veeam's annual revenue rose 124%, with revenues from new licence orders increasing 116% from the previous year. Veeam's financial performance in Russia and the CIS was 2.5 times higher than in 2010. Key activities in 2011 include, first of all, the launch of a new version of Veeam Backup & Replication v6 with support for Microsoft Hyper-V, as well as the emergence of an updated Veeam nworks v5.7 solution that supports VMware vSphere 5.0 and fully meets the needs of enterprises to monitor and manage large virtual environments.

The number of customers doubled compared to 2010: from 16 thousand to more than 32 thousand worldwide. Veeam's partner network has over five thousand resellers, distributors and cloud service providers.

With the expansion of the developer workforce, in early December 2011, the long-awaited new version of Veeam Backup & Replication v6 was released, which is a single solution for fast, efficient, reliable and affordable data protection in multi-service virtual environments including VMware vSphere and Microsoft Hyper-V. Veeam customers will now be able to support and protect all virtual machines in the enterprise with a single product, a single console, thus simplifying the process and reducing costs.

Order growth by 125%

In the first half of 2011, total revenue from the company's total order volume increased by 125% compared to the same period in 2010, and revenue from new products increased by 118%.

Veeam offers a suite of tools to administer the VMware environment, including a disaster recovery and replication solution, a virtual infrastructure reporting tool to analyze load growth trends and plan for VMware virtual infrastructure development, and a tracking and error reporting solution.

At this time, Veeam is a team of technical and business professionals creating innovative world-class software products for the server virtualization market . Veeam Software is a technology partner of VMware and is part of the ABRT venture capital fund portfolio .

2006: Ratmir Timashev and Andrey Baronov found the company

On October 10, 2006, Veeam was founded Ratmir Timashev (now its president and CEO) and, the Andrey Baronov previous project of which was Aelita Software (developer of tools for managing corporate networks), sold in 2004 for Quest Software $115 million (one of the largest transactions in the IT market in). Russia In addition, they also created a venture capital fund, ABRT whose portfolio, in addition to Veeam itself, includes a backup and recovery developer Acronis engaged in business ON InvisibleCRM and, until recently, a search engine. Quintura

A year after its founding, the company introduced its Veeam FastSCP for VMware ESX Server product.

Notes