Veeam - Company of the Year
Company: Veeam, Baar, Switzerland
Entry Submitted By: LEWIS
Company Description: Founded in 2006, Veeam is the global leader in Intelligent Data Management for the Hyper-Available Enterprise, ensuring business continuity, reducing risk, and accelerating innovation for customers around the world. Veeam has grown at a double-digt rate for the past 39 quarters, and has been profitable for more than a decade. Veeam has more than 294,000 customers and offices on six continents.
Nomination Category: Company / Organization Categories
Nomination Sub Category: Company of the Year - Computer Software - Large
Nomination Title: Veeam
Tell the story about what this nominated organization has achieved since 1 January 2017 (up to 650 words). Focus on specific accomplishments, and relate these accomplishments to past performance or industry norms.
Veeam Software isn’t just building a new tech giant. Veeam has created an entirely new technology industry.
Before Veeam, organizations had to rely on legacy backup to protect their data and applications, and no one enjoyed the process. Backup was like insurance: something everyone needed but hated buying and hoped they would never need to use. Organizations could only backup their data overnight, and restoring data typically took days to complete.
Veeam recognized that backup wasn’t enough. As organizations became increasingly dependent on their data and applications to run every aspect of their business; they needed hyper-availability. In other words, if data is lost, an application fails, or disaster strikes, the organization needs to get back up and running within minutes. Veeam provides that capability, and customers have responded, fuelling Veeam’s extraordinary growth. Veeam is obsessed with making customers happy, and it shows with its Net Promoter Score of 73, which is 3.5x higher that the industry average of 20.Even more extraordinary, Veeam has accomplished this growth without raising a dime of venture capital financing and has been profitable for more than a decade.
In 2017, Veeam achieved $827 million in total bookings revenue, an increase of 36 percent year-over-year. Veeam also closed more $500,000+ deals in 2017 than it had closed in the prior six years combined, achieved a 62 percent YoY increase in large enterprise deals, and boasted 500 percent annual growth for deals over $1 million. More than 57 percent of the Forbes Global 2000 and 74 percent of the Fortune 500 are Veeam customers.
By the end of 2018, Veeam is on a path to surpass $1 billion in annual revenues.
Today, Veeam has more than 294,000 customers, adding an average of 4,000 new customers each month. Some of the customers added in 2017 includeThe Ameritas Life Insurance Company,provider of insurance and financial products and services;BankservAfrica,the largest automated clearing house (ACH) and payment system operator in Africa;Follett, LLC,the industry leader in the design and manufacturing of ice and refrigeration solutions;and SkullCandy,a global lifestyle audio brand.
Veeam began its life providing backup for virtualized environments. Today, Veeam provides the most comprehensive, single data protection and Availability Platform on the market. With the release of Veeam Backup for Microsoft Office 365, Veeam Agents, Veeam Availability Console, and Veeam Availability Suite 9.5 Update 3 with integrated agent management, Veeam protects any app and any data, whether it lives in a physical, virtual, or cloud environment.
Cloud has been the fastest growing segment of Veeam’s business for the past nine consecutive quarters. Unlike most vendors that have attempted to build their own cloud service, Veeam works with its partners to enable them to provide backup and disaster recovery as a service. The model is paying off.
In 2017, Veeam reported 50 percent YoY growth in its cloud business. With an increase of 57 percent YoY in cloud bookings for Q4 2017 and more than 1.1 million VMs now protected with cloud services from Veeam Cloud & Service Provider (VCSP) partners, the company’s cloud momentum is increasing.Veeam has more than 18,000 VCSP partners.
Gartner, Inc. positioned Veeam within the Leaders quadrant in the July 2017 Magic Quadrant for Data Center Backup and Recovery Solutionsfor the second consecutive year. Veeam was also named to the Forbes 2017 Cloud 100list, the definitive list of the top 100 private cloud companies in the world published by Forbes in collaboration with Bessemer Venture Partners.
Finally, Veeam added more than 1,000 employees in 2017, bringing its total headcount to more than 3,200 worldwide. Unlike most large software companies, Veeam doesn’t have a large, central corporate campus. Instead, Veeam hires the best people for the job, no matter where they are located, and provides them with the tools they need to collaborate and succeed.
In bullet-list form, briefly summarize up to ten (10) of the chief accomplishments of this organization since the beginning of 2017 (up to 150 words).
Creating a new industry:Veeam has transformed legacy backup to provide today’s businesses with the always-on availability they require to support their digital transformation.
Rapid growth:Veeam grew booking revenues 36% from 2016 to 2017, achieving $827 million in bookings revenues.
A thriving cloud business:Cloud has been the fastest growing segment of Veeam’s business for more than two years, and its partnership strategy (with more than 18,000 in its global cloud program) is a model for the rest of the software industry.
A comprehensive availability solution:Veeam now protects data and apps no matter where they live: cloud, physical, or virtual.
Profitable:Veeam has been profitable for more than a decade and has never accepted any venture capital investment
Employee growth:In 2017, Veeam grew its headcount by more than 30%, bringing its global employee base to more than 3,200.
Of the following measures of success, which ONE do you want the judges to most appreciate about your organization's story of achievement since the beginning of 2017? Fast Growth