NAKIVO Reports Q1 2014 Results: 600% Revenue Growth and 2,400+ Customers
Campbell, CA, United States — April 30, 2014
NAKIVO maintains a high growth rate in the VMware data protection market and reveals revenue, partner, and customer results for Q1 2014:
The new features provide the ability to:
Compared to Q1 2013, NAKIVO’s revenue in Q1 2014 has grown by an incredible 600%. Most of the revenue (60%) came from Europe, while 25% came from North America, and 15% came from Latin America, Africa, Middle-East, and Asia.
10% of the Q1 revenue came through the Trade In program, which enables customers to switch from a competitive VM Backup solution to NAKIVO with free licenses, while paying only for maintenance and support.
NAKIVO continues to expand its global presence and has grown its customer base to over 2,400 customers across the globe. In Q1, most of the new customers came from Europe (50%), while 25% came from North America, and another 25% came from Latin America, Africa, Middle-East, and Asia. 10% of the customers came through the Trade In program switching from competitor solutions.
NAKIVO rapidly grows its channel of solution providers and has surpassed the 400 solution providers milestone in Q1 2014. NAKIVO now has software solution providers in 55 countries across the Americas, Europe, Africa, Middle-East, and Asia-Pacific.
NAKIVO’s Cloud Provider Program enables Managed Services, Cloud, and Hosting Providers to introduce Backup-as-a-Service (BaaS), Replication-as-a-Service (RaaS), and Disaster Recovery-as-a-Service (DRaaS) to their clients. In Q1 2014, NAKIVO has increased the number of qualified Cloud Providers to over 50.
NAKIVO Backup & Replication v3.9 has been released in Q1 adding Multi-Tenancy, Self-Service, and Dynamic License Allocation features. With these new features NAKIVO Cloud Providers can protect multiple customers through a single interface while each business unit or customer has access only to their own data. In addition, VM or socket licenses can be dynamically transferred from one tenant to another as needed by cloud service providers.
NAKIVO’s explosive growth rate in VMware data protection market has been acknowledged by StorageNewsletter: the leading IT media company has named NAKIVO #1 among the top growing storage startups and private companies in 2013. Being profitable since founding in 2012, NAKIVO has shown exceptional revenue results throughout 2013 and reported a revenue growth of 800%. This has put NAKIVO on top of the list of the fastest-growing companies in 2013, outpacing all of its competitors.
"We continue to maintain our explosive growth rate within the VMware data protection space both in terms of customer adoption and revenue growth," said Bruce Talley, CEO and co-founder of NAKIVO. "In 2014, we'll continue to concentrate on delivering our fast, reliable, and affordable VMware data protection solution to cloud service providers, SMBs, and enterprises."
- Overview: /vmware-backup/
- Datasheet: nakivo-vm-backup-datasheet.pdf
- Cloud Backup: /partner/cloud-provider-program/backup-as-a-service/
- Success Stories: /customers/success-stories/
- Trial Download: /resources/download/trial-download/
Headquartered in Silicon Valley, NAKIVO is a privately-held software company that has been profitable since founding in 2012. With more than 2,400 customers and over 450 channel partners worldwide, NAKIVO develops and markets a line of next generation data protection products for VMware virtualized environments. NAKIVO provides a fast, reliable, and affordable VM backup and replication solution for enabling SMBs and enterprises to protect and recover VM data onsite, offsite, and in the cloud. NAKIVO has also enabled over 50 hosting, managed, and cloud services providers to create and offer VM Backup-as-a-Service, Replication-as-a-Service, and DR-as-a-Service to their customers. NAKIVO was the first virtualization backup specialist to offer VM backup to public clouds such as Amazon to SMB customers and multi-tenancy to service providers and enterprise customers. For more information, please visit www.nakivo.com.
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