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Veeam sees strong growth in Singapore

Zafirah Salim | Nov. 11, 2014
The software company reported a 99 percent increase in total revenue bookings in Singapore this year, and a 50 percent increase of new customers.

Veeam Software released yesterday highlights of its Q3 2014 results. Reporting total revenue bookings growth of 65 percent compared to the same period last year, the company said that this marks the company's 27th consecutive quarter in which its total revenue bookings have experienced double-digit percentage growth over the same quarter during the previous year.

Veeam reported that in Singapore alone, it has seen a 99 percent increase in total revenue bookings for 2014, while new licence bookings revenue has grown by 98 percent year-on-year (YOY). In addition, its number of new customers in Singapore has also risen by 50 percent.

Also, Veeam's business in the Asia Pacific region has grown by 57 percent in total revenue bookings and new license bookings revenue by 54 percent.

Such encouraging results highlight that businesses are demanding innovative solutions that enable them to provide consistent availability of services and applications for their customers, while also reducing operational costs and improving security in the modern data centre, according to Veeam. 

Veeam said that its solutions help customers meet this demand by bridging the gap between the requirements of the Always-On Business solution and IT's ability to effectively deliver business continuity and IT resilience.

"IT has been forced to become strategic now that businesses require 24/7 availability for all applications and data. To deliver that level of availability, IT is transforming the modern data centre by bringing together virtualisation, the cloud, and storage technologies so they can provision services and devices faster, strengthen security and control, and reduce operational costs," said Ratmir Timashev, CEO at Veeam.

"Veeam's continued growth illustrates this, and we are seeing steady demand across all geographies and verticals as businesses strive to deliver the application availability users demand," he added.

 

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