20% Revenue Growth for Nakivo in 1Q21

NAKIVO Inc. announced its 1Q21 financial results.

It announces 36% revenue growth in the EMEA region in this quarter.

In 1Q21, NAKIVO accomplished the following:

Revenue: It grew by 20% WW in comparison to 1Q20. Of the total revenue, 67% came from the EMEA region, 27% came from the Americas, and 6% came from AsiaPac. The highest producers of revenue were USA, Germany, and France. Revenue grew more than 100% Q/Q in Bulgaria, Colombia, Norway, Tunisia, Romania, Denmark, Georgia, France, Ukraine, El Salvador, Angola, Poland, Lichtenstein, Mexico, Sweden, Panama, Finland, Ireland, Croatia, South Korea, Hungary, Brazil, among others.

Customers: Presently, the company has over 18,000 paid customers in 151 countries. The customer base grew by 25% in 1Q21 over 1Q20. The number of new customers grew by 26% in the EMEA region, by 26% in AsiaPac, and by 20% in the Americas. It gained the company’s first customers in Burkina Faso and Moldova. Enterprises continue to choose Nakivo Backup & Replication as their preferred data protection solution, with new deployments growing by 60% in 1Q21 over 2Q20.

A sample of customers in 1Q21 includes College of Southern Maryland, UCL Hospitals NHS Trust, Cisco Systems Inc., House of Moves, DC-Courbevoie, Sogec Informatique, UTB, Foxconn de Baja California.

Some examples of customer success stories in 1Q21 include: Gürallar (NAKIVO protects hybrid environment of a holding company), South Tyrol Museum of Archeology (NAKIVO helps museum improve VM Recovery), and the Town of DeWitt (The Town of DeWitt protects public services with NAKIVO).

Technology partners: In 1Q21, the firm delivered its solutions via Synology, Qnap, ASUSTOR, NETGEAR, and Western Digital, as more enterprises and SMBs chose to install Backup & Replication on partner hardware. Particularly, NETGEAR ReadyNAS installations grew by 10% in 1Q21 over 1Q20.

Solution partners: Currently, the firm has 6,000 software solution providers as partners across the Americas, Europe, Africa, the Middle-East, and the AsiaPac region. In 1Q21, 258 new solution providers joined the NAKIVO Partner Program and now offer NAKIVO products to their enterprise and SMB customers.

MSPs: Company’s MSP Program enables managed service, cloud, and hosting providers to deliver backup as a service (BaaS), VM replication as a service (RaaS), and VM DR as a service (DRaaS) for their customers. In 1Q21, the number of MSPs grew by 44% over 1Q20. NAKIVO also signed up the company’s first partners from Uganda, Cote d’Ivoire, Malawi, Taiwan, Egypt, and Nicaragua.

“The EMEA region has always been the most successful region for NAKIVO, and we are ecstatic to see another successful quarter with 36% revenue growth,” said CEO Bruce Talley. “In 1Q21, we introduced SharePoint Online Backup in order to expand the scope of Microsoft 365 data protection. We also addressed the growing malware challenges with Amazon S3 Object Lock support for ransomware-proof backups. SMBs and enterprises want to backup their data easily and recover it when needed, and we help our customers do that by delivering reliability, flexibility, ease-of-use, and cost-effectiveness.”