Veeam Software Doubling Revenue in Middle East

Veeam Software, Inc. announced record results for Q2 13.

Globally, total bookings revenue increased 100% in Q2 13 compared to the same period in 2012, and business in the Middle East region doubled over the same period.

In the United Arab Emirates, revenue booking increased by 87% in Q2 13 compared to the same period in 2012, while in the Kingdom of Saudi Arabia, revenue booking grew by 100% in the same period.

“Looking at our two largest markets in the Middle East, Veeam grew its customer base in the UAE by 55% (year on year Q2 12 compares to Q2 13) and 45% in the Kingdom of Saudi Arabia over the same period,” said CEO, Ratmir Timashev. “The Middle East region represents tremendous potential for us. Our office in Dubai grew rapidly from 1 to over 20 people since its inception in 2011. This is a direct link to the number of customers we are acquiring.”

To meet this demand, Veeam has expanded its business operation footprint by bolstering its presence in the UAE, and expanding its network and partners in the Kingdom of Saudi Arabia, the remaining GCC (Gulf Cooperation Council) countries, the Levant and Egypt.

“The GCC represents a success for us. The UAE, specifically, is a significant growth market, experiencing rapid economic growth and driving the technology with its forward looking, progressive vision. We are pleased to see our business grow throughout the region,” added Timashev.

Gregg Petersen, Veeam’s regional sales manager in the Middle East, believes that the backup, replication and virtualization sector is set continue its double digit growth. “We’ve seen tremendous growth over the past years and we now feel that enterprises across sector in the region understand the criticality of protecting their data assets.”

Petersen has built a team of professionals to manage the region. Omar Akhtar was hired as regional channel responsible for developing and managing strategic channel partner relationships and overseeing technology alliances, while Hazem Hakam was hired to manage Veeam’s business in Saudi Arabica, Egypt, Jordan and Lebanon.

Veeam currently has over 19,000 ProPartners and 73,000 customers worldwide.