Nakivo Achieved 25% Revenue Growth in 4Q24

Nakivo Inc. announced strong Q4 2024 results, highlighted by a 25% increase in revenue and a 10% growth in the global customer base compared to Q4 2023.

Nakivo’s achievement reflects its ability to address the data protection needs of SMBs and enterprises worldwide with dependable backup solutions.

Revenue Growth Worldwide
In Q4 2024, 62% of the total revenue came from the EMEA region, 25% from the Americas, and 13% from the AsiaPac region. The countries delivering the highest revenue growth in Q4 2024 were Columbia, Ukraine, and Georgia.

The company’s revenue grew by more than 100% Q/Q in Morocco, Andorra, Colombia, Ukraine, Georgia, Denmark, India, South Africa, Sweden, Thailand, Taiwan, French Polynesia, United Arab Emirates, Romania, Hungary, and Canada.

Customer Base Growth WW
Currently, Nakivo has over 16,000 active customers across 183 countries, achieving a 10% increase in its customer base in Q4 2024 vs. Q4 2023. This growth includes a 14% increase in the AsiaPac region, 10% in EMEA, and 8% in the Americas.

Enterprises continue to select Nakivo Backup & Replication as their trusted data protection solution, with new deployments growing by 28% in Q4 2024 vs Q4 2023. Recent deployments include prominent names like Norvic Hospital, Earth Sciences at Ilia State University, National Park Services of the Ministry of the Interior Taiwan, and others.

Technology and Solution Partnerships Growth WW
In Q4 2024, 238 new solution providers joined Nakivo’s Partner Program, further expanding its footprint in established and emerging markets. Technology partnerships also continued to strengthen, with Netgear NAS installations growing by almost 100% compared to Q3 2024, demonstrating Nakivo’s commitment to integrating with trusted hardware solutions.

MSP Growth Worldwide
Nakivo’s MSP Program enables MSPs, cloud providers, and hosting providers to deliver critical services such as backup as a service (BaaS), replication as a service (RaaS), and DR as a service (DRaaS). In Q4 2024, the number of MSPs grew by 25% compared to Q4 2023.

Executive Perspective
“In Q4 2024, we increased our revenue by 25% and customer base by 10% worldwide, thanks to the dedication and resilience of our team,” said Bruce Talley, CEO, Nakivo. “In Q4 2024, we improved the capabilities of Nakivo Backup & Replication by adding agentless backup for Proxmox VE, enhanced backup to cloud for Microsoft 365, and federated repository. We remain committed to equipping our partners and customers with reliable solutions to safeguard their data. Moving forward, we will continue to innovate and expand our offerings to meet the evolving needs of our customers, ensuring they have the data protection technology to thrive in today’s dynamic environment.“