This article is more than 1 year old

See that fist punching through the clouds? That's Veeam's, that is

Read this and weep, fellow storage upstarts

You've got to have sympathy for Veeam's competitors. Ratmir Timashev's storage upstart pulled off another slam dunk quarter to close 2015.

As Barracuda looks for a sale, Seagate sells off EVault, and Veritas flails helplessly, Veeam rockets on, telling everybody it has:

  • A 22 per cent increase in total bookings revenue to $474m in fiscal 2015 compared to fiscal 2014
  • 34 per cent year-over-year revenue growth in enterprise orders
  • 55 per cent growth in total bookings revenue in Q4 2015 compared to Q3 2015
  • Almost 15,000 total paid customers were added in Q4 2015

We're told Veeam now protects 10.6 million virtual machines worldwide and has 183,000 customers. What Veeam has done in backup and other data protection areas since it started up in 2007 is virtually unprecedented, having focussed early on server virtualisation and then the cloud.

It has exhibited an astounding and sustained rate of growth over nine years which shows no sign of slowing.

CEO Timashev made no attempt to make his competitors feel better: “Our results are in stark contrast with the declining revenue performance of the largest legacy backup competitors.”

Veeam reckons it will reach billion-dollar-per-year revenues by 2018. Read that, backup competitors, and weep. ®

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