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Veeam Still Running Strong in the Enterprise and Cloud Backup Markets
With 26% year-over-year reported growth and over $1 billion in annual revenue, Veeam is demonstrating that its recent growth is not just a blip. The company’s Veeam Backup for Microsoft Office 365 continues to lead its portfolio with a 270% increase. That strength extends to Veeam’s major partners as well, with HPE, Cisco, NetApp, and Lenovo reporting 370% year-over-year transaction growth.
Source: Veeam at SoftwareReviews, Report Published July 2019
Source: SoftwareReviews Enterprise Backup and Availability, Report Published July 2019
When looking for a provider for data protection, it is imperative that the health of that partner is considered. With numbers like the ones reported by Veeam, it is demonstrating its commitment to customers through relevant initiatives and a focus on future trends. Veeam’s cloud adoption and data protection offerings are still growing in capabilities and the company has announced it will continue to invest in this area.
Gone are the days when backing up your data meant making a copy to tape or disk at your leisure. Today’s businesses place new – and significantly more stringent – demands on backing up important data wherever it resides: in the cloud, on-premises, even within the infrastructure of software as a solution (SaaS) providers. Software manufacturers need to address these demands to stay pertinent to the needs of their broader clientele.
This does not seem to have been lost on Veeam.
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.
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.
Cyberattacks are terrible and require the same dedication to overcome them as would any other disaster response effort. Just like natural disasters, cyberattacks cause millions of dollars in damage, disrupt infrastructure, and impede citizens from their daily lives.
Zerto has enhanced its Azure integration to reduce achievable RTOs and recovery cost. Specifically, Zerto’s latest release leverages Azure’s native Virtual Machine Scale-Sets to reduce overhead, speed up recovery, and minimize additional costs incurred during recovery.
At VeeamON 2019, Veeam announced it had achieved $1billion in annual bookings. The software company attributes success to its ability to take advantage of Act 1: Virtualization of the Data Center; now it is gearing up for what it predicts will be Act 2: Hybrid Cloud.
Cohesity is the first backup solution to provide native integration with Google Cloud Platform (GCP). This is good for the partners and will give competitors pause.