Veeam inches closer to its $1 billion by 2018 goal

Veeam's Q1 2018 have been released showing 21% growth year-over-year (YoY) in total bookings making it the 39th straight quarter of record bookings growth.

It says that with adding 12,000 customers to reach its current total of 294,000 and a 58% YoY growth in named enterprise accounts, it is on track to achieve its goal of becoming a $1B company in 2018.

"We've been incredibly busy in Q1 across the APJ region – kicking the year off with our Partner Summits, providing our partner ecosystem with an overview of our 2018 business growth plans and product roadmap to ensure continued success," says Veeam APJ senior vice president Shaun McLagan.

"Total revenue bookings grew 32% year on year, making this a phenomenal quarter, which is an incredible achievement, following a strong finish to FY2017. Markets like China and Japan experienced hyper-growth of more than 100% year on year. The region is on track to contribute towards our objective of becoming the next billion-dollar software company by end 2018.

More than 150,000 downloads have been reported of the most recent version of Veeam Availability Suite 9.5 Update 3 since its release in December 2017.

Veeam and HPE joint opportunities have increased by 148% YoY fueled by Veeam joining the HPE Complete Program, enabling customers to purchase complete HPE and Veeam solutions directly from HPE and its resellers.

Now on the Cisco Global Price list, Veeam and Cisco deals have grown 299% quarter over quarter for Q12018.

Veeam was also added to the NetApp Global Price List, which will further its foothold in enterprise accounts.

"This commitment to our customers is our engine of growth that will drive achieving our 2018 objective of $1B in total bookings," adds McKay.

"To accomplish our mission and our growth objectives, we've made significant investments in our engineering and development teams, expanded our marketing and branding, added additional programs and support initiatives to our partner programs, extended our alliance relationships and offerings, and increased our focus on the large enterprise.

"The outcome has been strong results in all geographies, with all reporting double-digit YoY total bookings growth for Q1. We are off to another great start for another record year, and I have complete confidence that our continued momentum, executive leadership, and our unique Hyper-Availability Platform will enable us to become the next billion-dollar software company this year.

With more than 3,200 employees all around the world, Veeam is continuing to grow its footprint in the IT industry.

ESG principal analyst, Jason Buffington, recently joined the Veeam product strategy team as senior director.

Buffington will evangelise thought leadership at key industry events, establish and maintain executive relationships with Veeam's most strategic enterprise accounts, and communicate our long-term vision and strategy within the industry.

Ken MacAskill, who joined Veeam in 2017 to lead the GTM Operations team, has been promoted to Veeam CFO.