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Veeam achieves total bookings revenue of US$389 million

Zafirah Salim | Feb. 5, 2015
The software provider said that it aims to achieve US$1 billion in annual revenue by 2018.

Veeam Software recently announced highlights of its financial year 2014 results, reporting total bookings revenue of US$389 million, a 40 percent increase over the previous fiscal year.  

In addition to this, the fourth quarter of 2014 marks Veeam's 28th consecutive quarter in which total bookings revenue has experienced double-digit percentage sequential growth.

In a media statement, Veeam said that the release of the new Veeam Availability Suite v8 has helped fuel these record results by creating a new category of IT solutions: Availability for the Modern Data Centre.

The Veeam Availability Suite v8 introduces more than 200 new features and enhancements, including Veeam Cloud Connect, integration with NetApp and major enhancements in replication and disaster recovery.

"Veeam's success in 2014 clearly illustrates that we are delivering innovative availability solutions that solve real-life business challenges," said Ratmir Timashev, CEO at Veeam. "Our release of Veeam Availability Suite v8 was even more successful than we had anticipated, with more than a third of our customers upgrading within the first 60 days. It's a testament to the strong demand for solutions that can deliver data centre availability."

"2014 was a great year, and we fully expect our momentum to continue, carrying us toward our goal of US$1 billion in annual revenue by 2018," he added.


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