As enterprises increasingly adopt virtualisation technologies, Veeam Software has been growing very fast in the APAC and has reported strong year-on-year growth.
The privately-owned provider of backup, replication and virtualisation management solutions for VMware vSphere and Microsoft Hyper-V said it grew 46 percent in Q3 2013, while new licence revenue increased 49 per cent compared to the same period last year.
Veeam reported that this marks the 29th consecutive quarter of revenue growth for the company across the APAC region.
According to sources at Veeam, its business in Singapore has seen 100 per cent year-on-year growth in total revenue bookings for Q3 2013. New licence revenue grew 118 per cent compared to the same period in Q3 2012.
Veeam has witnessed rapid adoption of its virtualisation and cloud based services, bringing the total number of customers across APAC to over 5,000. In Singapore, Veeam now has a total of 197 customers, acquiring 67 per cent more customers in Q3 2013 compared to the same period last year.
"Virtualisation has dramatically transformed the way in which businesses view data protection and business continuity," said Don Williams, Regional Director APAC, Veeam Software. "We find that there is a demand for innovative, data protection solutions across different cloud platforms and a need for more sophisticated methods of improving business continuity plans."
The company said it raised the standard for Modern Data Protection with the recent release of Veeam Backup & Replication v7 which comes with several enhanced features.
Founded in 2006, Veeam is privately owned and has been profitable since 2009. Veeam currently has over 20,000 ProPartners and 80,000 customers worldwide. Veeam's global headquarters are located in Baar, Switzerland and the company has offices throughout the world.
Sign up for CIO Asia eNewsletters.