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Veeam 2018 Earnings Show Strength of Cloud Backup Trend
Backup of cloud data (as opposed to backup of data to the cloud) is a major trend as more corporate workloads and data move there. Veeam’s 2018 earnings reflect this trend.
On February 13, Veeam reported on 2018 earnings. It was a good year for Veeam with 16% year-over-year growth and 48,000 new customers added. Of particular note was strong growth of its cloud business.
- Cloud has been the fastest growing segment of Veeam’s business for the past two years. The cloud business grew 46% year over year in 2018.
- A year ago Veeam bought N2WS, which does cloud-native backup for AWS. Annual recurring revenues (ARR) for that business grew 83% year over year in 2018.
- Veeam Backup for Microsoft Office 365 is among the fastest growing products in Veeam history with downloads by “more than 55,000 organizations, representing over 7 million user mailboxes.”
We call it the cloud pole vault. Companies that have a presence on premises seek to get established in the cloud. So when you build and cross that bridge from on premises to cloud, the familiar vendor is already there to meet you. Veeam’s cloud vault is starting to pay off.
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Morpheus Leads the Shift from Cloud Management Platform to Hybrid Cloud Application Orchestration with Its 5.0 Release
The Morpheus cloud management platform (CMP) has moved beyond its original focus on DevOps automation and self-service. Morpheus provides a management control plane to enable users to deploy workloads anywhere. Such a control plane is the way of the future for managing complex enterprise technology stacks.
More than ever, cybersecurity solutions are core to any MSPs offering. No longer should technology service providers be farming this out to dedicated security providers. Trust and peace of mind are the core tenets of what they are selling and solutions like Acronis Cyber Protect Cloud can provide the platform upon which to deliver on those promises.
Microsoft has announced self-service purchasing, the ability for any O365 user to buy Power Platform products directly through their corporate O365 tenant. This raises numerous concerns with IT leaders and O365 administrators.
Veeam to be acquired by Insight Partners for US$5 billion: On January 9, 2020, Veeam announced that it has entered into a definitive agreement of purchase with Insight Partners.
Zerto 7.5 adds support for Azure Active Directory Managed Service Identity (MSI), which simplifies authentication to Azure services while improving security.
Quest Software’s NetVault Backup v12.4 release adds support for OneDrive to its existing Office 365 (O365) backup capabilities, enabling its customers to better align backup strategy to business requirements, and helping Quest Software keep up with other O365 backup offerings.
Ansible from RedHat has steadily gained market share since its introduction and has now surpassed its two main rivals (underscoring how quickly things change in DevOps). Will Ansible push Chef and Puppet out of the open-source configuration management tool market?
Veeam has rolled out new backup features that integrate with Amazon S3 to help users save on storage costs for their backups. This tech is some serious secret sauce.
HPE has ported over InfoSight Predictive Analytics platform from its 2017 acquisition of Nimble to its SimpliVity line, adding AI to the hyperconverged infrastructure (HCI), as announced in an Oct. 28 press release.