NAKIVO Reports Q2 2014 Results: 3,300+ Customers and Revenue Growth of 337%
NAKIVO maintains a high growth rate in the VMware data protection and cloud backup market with impressive revenue, partner, and customer results for Q2 2014.
Campbell, CA, United States — July 15, 2014
NAKIVO Inc., the fastest-growing provider of data protection software for VMware virtualized environments and cloud backup, today announced another record quarter of growth since launching NAKIVO Backup & Replication in 2012. NAKIVO is delivering a new way for customers to backup and replicate their VMware infrastructure onsite, offsite, and to cloud providers with higher performance and better affordability.
Compared to Q2 2013, NAKIVO’s revenue in Q2 2014 has grown by a substantial 337%. Most of the revenue (53%) came from Europe, while 40% came from North America, and 7% came from Latin America, Africa, Middle-East, and Asia.
17% of the Q2 revenue came through the Trade In program, which enabled 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 3,300 customers across the globe. In Q2, most of the new customers came from Europe (56%), while 42% came from North America, and another 13% came from Latin America, Africa, Middle-East, and Asia. 17% of the customers came through the Trade In program switching from competitor solutions.
In Q2 2014, NAKIVO grew its number of channel of solution providers and has surpassed the 500 solution providers milestone. 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 Q2 2014, NAKIVO has increased the number of qualified Cloud Providers to over 50.
NAKIVO Backup & Replication v4.0 has been released in Q2 adding MS Exchange Log Truncation, MS Exchange objects recovery, and VM backup verification. With these new features, enterprise organizations and cloud providers can better protect their virtualized Exchange servers, instantly recover MS Exchange objects (such as emails) directly from compressed and deduplicated VM backups, and verify that files, application objects, and entire VMs can be recovered from all VM backups.
NAKIVO’s explosive growth rate in the VMware data protection and cloud backup 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.
"NAKIVO’s revenue and customer growth rate continues to be the highest in the VMware data protection and cloud backup industry," said Bruce Talley, CEO and co-founder of NAKIVO. "In the second half of 2014, cloud service providers, SMBs, and enterprises can count on NAKIVO to expand its cloud backup functionality while continuing to deliver a fast, reliable, and affordable VMware data protection solution."
- 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 3,000 customers and over 500 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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