Revenue Growth of 40% Y/Y in 2019 for Nakivo

Nakivo Inc. released its 2019 results.

Revenue
In 2019, it grew its revenue by 40% WW in comparison to 2018, with revenue in the EMEA growing by 48%. Out of the total revenue, 60% came from the EMEA region, while 30% came from the Americas, and 10% came from the AsiaPac region. The United States, Germany, and Italy were the highest producers of revenue for the company in 2019. Sales grew more than 100% Y/Y in Jamaica, Saudi Arabia, United Arab Emirates, South Africa, Poland, Slovenia, Croatia, South Korea, Mexico, and Nepal.
Customers: It has more than 14,000 customers in 137 countries worldwide, and has expanded into Fiji, Botswana, and Qatar for the first time.

A sample of Q4 2019 customer base includes Cabi, LLC., Rowan College at Gloucester County, Eleks, Harris Corporation, Telefónica S.A., NAVAL Group, and Enedis S.A.

Examples of customer success stories include Udens College, Radio Radio, and Classic Hotels and Resorts.

Enterprises are increasingly selecting company’s Backup & Replication, with 40% of new deployments in 2019 vs. 25% in 2018; the largest software order in 4Q19 reached $465,000.

Technology Partners
In 2019, the firm made progress in delivering its solutions via technology partners. The growth of its software sold and installed on hardware from technology partners grew by 20% in 2019 vs. 2018. Qnap NAS was the preferred hardware for many customers, with new installations growing by 84% in 2019 in comparison to 2018.

Solution Partners
In 4Q19, 269 new solution providers joined the firm’s Partner Program and now offer its products to their enterprise and SMB customers. As of now, it has approximately 4,700 software solution providers as partners across the Americas, Europe, Africa, the Middle-East, and the AsiaPac. Solution Partner from the Republic of Georgia joined for the first time in Q4 2019.

Cloud Providers
Company’s Cloud Provider Program enables managed service, cloud, and hosting providers to deliver VM Backup-as-a-Service, VM Replication-as-a-Service, and VM Disaster-Recovery-as-a-Service for their customers. In 4Q19, Nakivo increased their number of qualified cloud providers to 349.

In 2019, Nakivo released the following product versions:
• v8.5 featuring support for Nutanix Acropolis Hypervisor
• v9.0 featuring support for Windows Server Backup

“In 2019, more customers selected Nakivo Backup & Replication as their preferred backup solution than ever before, helping us achieve WW revenue growth of 40%,” says Bruce Talley, CEO. “Moreover, in 2019, we enhanced the functionality of our product with support for Nutanix Acropolis Hypervisor and Windows Server Backup. In the next year, we are hoping that demand for Nakivo Backup & Replication will grow even more, as we aim to strengthen relationships with our solution partners and cloud providers.”