NAKIVO Announces Revenue Growth of 55% in Q4 2018
NAKIVO’s revenue grew by 55% worldwide in Q4 2018 vs. Q4 2017, as the company continues to accelerate in backup and site recovery for VMware, Hyper-V, and Amazon EC2 environments worldwide.
Sparks, NV, United States — February 18, 2019
NAKIVO Inc., a fast-growing software company dedicated to protecting virtualized and cloud environments, announced its 2018 quarterly and annual results today.
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In 2018, NAKIVO accomplished the following:
Revenue: In Q4 2018, NAKIVO’s revenue grew by 55% worldwide vs. Q4 2017, with revenue in the EMEA region growing 65%. Out of total revenue earned, 57% came from the EMEA region, 32% came from the Americas, and 11% came from the Asia-Pacific region. United States, Germany, and Italy were the highest producers of revenue for the company in 2018.
NAKIVO’s revenue grew more than 100% YoY in Malta, China, the Philippines, Greece, Serbia, Lebanon, Ukraine, Uruguay, Sri Lanka, Luxembourg, as well as in many other countries.
Customers: In 2018, the number of new customers grew by 74% in the EMEA region, by 35% in the Americas, and by 38% in the Asia-Pacific region. As of now, NAKIVO has customers in 128 countries worldwide and has expanded into Kenya, Zimbabwe, Maldives, New Caledonia, the Isle of Man, Jordan, Macedonia, Barbados, and Haiti.
Some examples of new customers include: The Compton Unified School District (NAKIVO on Synology NAS VM Backup Window by 6X for a California School District), Ideal Standard (NAKIVO Helps Shorten Backup Window by 80% for Ideal Standard), and ScienceLogic (NAKIVO Maintains Backup and Recovery Success Rates of 99% for a Software Company).
Solution Partners: NAKIVO increased the number of solution provider partners by 41% in 2018 vs. 2017. In Q4 2018, 337 new solution providers joined the NAKIVO Partner Program and now offer NAKIVO products to their enterprise, as well as SMB customers. NAKIVO now has approximately 3,600 software solution providers as Partners across the Americas, Europe, Africa, the Middle-East, and the Asia-Pacific region. Solution Partners from Macedonia and Burkina Faso joined for the first time in Q4 2018.
Cloud Providers: NAKIVO’s Cloud Provider Program enables managed service, cloud, and hosting providers to deliver VM Backup-as-a-Service (BaaS), VM Replication-as-a-Service (RaaS), and VM Disaster-Recovery-as-a-Service (DRaaS) for their customers who are using NAKIVO Backup & Replication. In 2018, NAKIVO increased the number of qualified Cloud Providers to 245. One example of a cloud service provider is EverTech (NAKIVO Improves Scalability, Saves Time, and Storage Space for a Cloud Service Provider).
Product Releases: In 2018, NAKIVO released the following product versions:
- v7.4, featuring Automated VM Failover, File Recovery to Source, and Self-Backup.
- v7.5, featuring vSphere 6.7 Support and Cross-Platform Recovery.
- v8.0, featuring Site Recovery.
- v8.1, featuring Policy-Based Data Protection and Universal Object Recovery.
“2018 was another milestone for NAKIVO, as our revenue grew by 55% worldwide in Q4 2018 vs. Q4 2017,” says Bruce Talley, CEO of NAKIVO. “With four product releases in 2018, we not only significantly improved our product, but we also added cutting-edge site recovery functionality. For the next year, we are planning to introduce many new product versions with new functionality that many of our customers and partners have requested.”
- Trial Download: /resources/download/trial-download/
- Datasheet: nakivo-backup-replication-datasheet.pdf
- Success Stories: /customers/success-stories/
The winner of a “Best of VMworld 2018” Gold Award for Data Protection, NAKIVO is a US-based corporation dedicated to developing the ultimate VM backup and site recovery solution. With 20 consecutive quarters of double-digit growth, 5-star online community reviews, 97.3% customer satisfaction with support, and more than 10,000 deployments worldwide, NAKIVO is one of the fastest-growing data protection software vendors in the industry. NAKIVO’s customers include great companies such as Coca-Cola, Honda, China Airlines, DHL, and many others. NAKIVO has a global presence, with over 3,600 channel partners in 140 countries.
Visit us at: www.nakivo.com
Follow us on Twitter: @NAKIVO
Connect on Facebook: www.facebook.com/NakivoInc
Join us on LinkedIn: www.linkedin.com/company/nakivo
Contact us: Sasha Tolkachova, PR Manager / firstname.lastname@example.org / +1 416 845 3381