NAKIVO Reports 2014 Annual Results: 3X Revenue Growth

NAKIVO maintains an explosive growth rate in the VMware backup, replication, and recovery market and reveals annual revenue, partners, and customer details for 2014.

Campbell, CA, United States — January 12, 2015

NAKIVO Inc., the fastest-growing virtualization and cloud backup software company for VMware environments, today announced 2014 annual results. Named one of the top 10 coolest storage startups of 2014 by CRN, NAKIVO is delivering a new way for cloud providers, enterprises, and SMBs to backup and replicate their VMware infrastructure more reliably, efficiently, and cost effectively. In 2014, NAKIVO has achieved the following:

Revenue: NAKIVO has gained 3X (202%) year-over-year revenue growth in 2014 vs. 2013, demonstrating rapid customer adoption worldwide and fast pace growth in the VMware data protection market. Most of the revenue (64%) came from the EMEA region, while 26% came from North America, and 10% came from South America and Asia.

Solution Partners: NAKIVO has doubled the number of its Solution Partners in 2014 vs. 2013. Over 700 VMware resellers from 72 countries across the Americas, Europe, Africa, Middle-East, and Asia have joined NAKIVO Partner Program and offer NAKIVO products to their SMB and Enterprise customers. In 2014, NAKIVO has further strengthened its global presence by signing distribution agreements with the leading software distributors across the globe, including Arrow (Europe), TriTech (China), Solutions Middle East (Middle East), and REAL Security (Adriatic Region).

Customers: NAKIVO has grown its customer base to over 5,000 customers in 2014 (gaining 2.5X more customers in 2014 compared to 2013). Most of the customers came from the EMEA region (58%), while 27% came from North America, and 15% came from South America and Asia. Some of customer examples are Afrihost (one of the largest ISPs in Africa; saves 600% on VMware backup and replication costs with NAKIVO), ClearCube (a USA-based computer systems manufacturer; reduces VMware VM backup time by 20% with NAKIVO), and Soilmoisture (one of the world's leading manufacturers of agronomy laboratory equipment; uses NAKIVO Backup & Replication to protect their VMware VMs).

Cloud Providers: NAKIVO continues to grow its cloud provider ecosystem: over 60 VMware service providers have joined NAKIVO Cloud Provider program and deliver VM Backup-as-a-Service, VM Replication-as-a-Service, and VM Disaster-Recovery-as-a-Service to their customers using NAKIVO Backup & Replication. Some of the Cloud Providers include American Datacenters (reduces VM data protection costs for clients by 50% with NAKIVO) and eLogic (a leading Internet and cloud services provider in Italy that delivers VM Backup-as-a-Service to clients and improves VM recovery time by 10X with NAKIVO).

Product: During 2014, NAKIVO has released the following four main product versions:

  • v5 featuring Flash VM Boot, which provides the ability to boot VMware VMs directly from compressed and deduplicated VM backups without recovering the entire VMs first
  • v4.1 featuring Integration Kit, Call Home, and support for datastore clusters
  • v4.0 featuring Instant object recovery for Microsoft Exchange, Microsoft Exchange Log Truncation, and backup verification
  • v3.9 featuring Multi Tenancy, Self-Service, dynamic license allocation, GFS backup retention, and improved job scheduler.

"2014 has been a very successful year for NAKIVO," said Bruce Talley, CEO and co-founder of NAKIVO. "We are excited with the demand for NAKIVO by enterprise SMB customers worldwide, and we’re looking forward to achieving more in 2015."

RESOURCES


ABOUT NAKIVO

Headquartered in Silicon Valley, NAKIVO is a privately-held software company that has been profitable since founding in 2012. With more than 4,000 customers - including many Fortune 1,000 companies - and over 600 channel partners across 70 countries worldwide, NAKIVO develops and markets a line of next generation data protection products for clouds and 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 to 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 SMBs cloud backup to public clouds such as Amazon and multi-tenancy to cloud service providers and enterprise customers. For more information, please visit www.nakivo.com.

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Contact us: Yana Petrenko, MarCom Manager / yana.petrenko@nakivo.com / +1 408 916 5955

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