Veeam embraces new Kubernetes technologies with latest acquisition, reports significant growth in subscription products, and continues market-leading growth
"Veeam Software announced another quarter of double-digit growth with an annual recurring revenue (ARR) increase of 21 percent year-over-year (YoY) for Q3'20. Now with 400,000+ customers worldwide, Veeam is fueling its growth by continuing to take share in the core datacenter backup and recovery market while also embracing new solutions to support organizations' cloud data protection needs. Veeam's fastest growing product, Veeam Backup for Microsoft Office 365, continues incredibly strong growth with 85 percent YoY product growth. Further proof of Veeam's growth trajectory was displayed in the most recent IDC Semi-Annual Software Tracker for Data Replication & Protection 1H'20'i' which showed Veeam delivering the fastest revenue growth year-over-year in 1H'20, among the top 5 vendors, other vendors, and overall market average..."