Veeam® Software, the leader in Backup solutions that deliver Cloud Data Management™, today announced an annual recurring revenue (ARR) increase of 20 percent year-over-year (YoY) for Q2’20 – the biggest second quarter in the company’s 14-year history. In addition, Veeam reported its largest ever quarter for total bookings of its fastest growing product, Veeam Backup for Microsoft Office 365, with an 89 percent YoY increase and a 75 percent YoY gain in overall subscription bookings. As further testament to Veeam’s continued performance, Gartner recently published its 2019 Market Share: All Software Markets, Worldwide research, and with sustained multiyear revenue gains, Veeam has increased in market share to become the third largest provider of backup and recovery software
“The continuous growth of Veeam and its success is a confirmation of our vision and strong commitment to innovation. I am proud that Veeam Romania, a team built from scratch in just five years, and which today has more than 600 employees, has contributed through strong partnerships with customers, as well as through continuous collaborations with our partners, to deliver Cloud Data Management solutions for companies, regardless of their size and to contribute to the rapid development of digital transformation,” said Andrei Romanescu, General Manager of Veeam Software Romania.
“As employees are transitioning to the new ‘work from home’ environment, data protection and availability are now more important than ever,” said Bill Largent, CEO at Veeam. “Just as employers must protect the health, safety and welfare of their employees, they must also have solid business continuity plans in place and protect the most important asset of their organization – their data. During Q2’20, Veeam continued to accelerate its business and growth trajectory with our broad ecosystem of partners, and we have maintained a customer-first ethos. Our innovation, combined with our company momentum, will make 2020 a historic and significant year for Veeam and our partners.”