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Veeam announces record growth for 2013

Vendor reports annual bookings revenue growth of 58% over 2012.

In the Middle East, Veeam saw its customer base grow by 113.7% in 2013
In the Middle East, Veeam saw its customer base grow by 113.7% in 2013

Data protection vendor Veeam this week announced record growth for 2013, posting an annual bookings revenue growth of 58% over 2012.

Meanwhile, new licence bookings revenue increased 53% over the same period, and total bookings revenue grew by 55 percent in Q4, compared to the same period last year, Veeam said in a statement.

This week's results mark the 24th consecutive quarter in which quarterly bookings revenue has grown by more than 50% over the same period during the previous year, the vendor added.

In the Middle East, the vendor saw its customer base grow by 113.7% in 2013, which translated into a 148.9% increase in bookings revenue, according to the statement.

Veeam's CEO, Ratmir Timashev, attributed the vendor's strong growth to its Backup and Replication v7 solution, which offers recovery and replication for environments running on VMware and Hyper-V products.

"Our reputation for reliable, high- performance software that makes our customers proclaim, ‘It just works!' has made us one of the fastest growing software companies in the world. We're excited for 2014 as we continue our journey to achieve $1 billion in revenue within the next five years," he said.

Veeam claimed that it now protected over 5.5 million virtual machines, and that it signed over 34,000 new customers in 2013. One such customer, SEGA Europe, has praised the vendor's solutions for helping it to save money on backup storage.

"Backup used to be a project in itself, but Veeam turned it into a really easy, automated process that instills confidence in our team," said Francis Hart, live operations manager for SEGA Europe.

"Backups complete within the backup window and are automatically verified for recoverability, giving us peace of mind and more time to focus on data centre priorities."