Thirty-four percent year-over-year revenue growth in global enterprise orders and continued DRaaS demand catapults Veeam to reach their goal of $1 billion in revenue by 2018

Veeam Software, a provider of solutions that deliver Availability for the Always-On Enterprise, announced highlights of its FY 2015 results, reporting a record 77 percent increase in total bookings revenue in the Kingdom over the previous fiscal year, and 150 percent year-over-year revenue growth in enterprise orders.

The company also achieved a 35 percent increase in net new customers in the country as compared to the previous year.

Globally, the company registered total bookings revenue of $474 million, a 22 percent increase over the previous fiscal year, and 34 percent year-over-year revenue growth in enterprise orders.

Both Q4, 2015 and annual results once again show that enterprises are embracing Veeam’s innovative approach of delivering availability solutions, which enable SLAs (service level agreements) for recovery time and point objectives (RTPO) of less than 15 minutes for all applications and data.

“It’s clear from our 2015 results that Veeam has become the standard in the availability market and that enterprise demand for Veeam Availability solutions continues to accelerate rapidly,” said Ratmir Timashev, CEO of Veeam. “Our results are in stark contrast with the declining revenue performance of the largest legacy backup competitors.”

Additional 2015 Veeam global highlights include the year-over-year revenue growth — 94 percent specifically for Veeam Availability Suite Enterprise Plus edition, 54 percent for all editions of Veeam Availability Suite, 36 percent for the Veeam Cloud & Service Provider (VCSP) program, and 34 percent year-over-year revenue growth in enterprise orders.

"Veeam Availability Suite v9’s release is a game-changer for the DRaaS market,” said Ian McClarty, president at phoenixNAP, a Veeam Gold VCSP provider.