Nakivo Records 600% Revenue Growth From 1Q13 to 1Q14

NAKIVO, Inc. announced results for Q1 2014.

In the first quarter, it has achieved the following: compared to Q1 2013, revenue in Q1 2014 has grown by 600%; most of the revenue (60%) came from Europe, while 25% came from North America, and 15% came from Latin America, Africa, Middle-East, and Asia.

10% of the Q1 revenue came through the Trade In program, which enables customers to switch from a competitive VM Backup solution to NAKIVO with free licenses, while paying only for maintenance and support.

Customers
NAKIVO continues to expand its global presence and has grown its customer base to over 2,400 customers across the globe. In Q1, most of the new customers came from Europe (50%), while 25% came from North America, and another 25% came from Latin America, Africa, Middle-East, and Asia. 10% of the customers came through the Trade In program switching from competitor solutions.

Solution Providers
NAKIVO grows its channel of solution providers and has surpassed 400 solution providers in Q1 2014. It now has software solution providers in 55 countries across the Americas, EMEA, and AsiaPac.

Cloud Providers
NAKIVO’s cloud provider program enables Managed services, cloud, and hosting providers to introduce Backup-as-a-Service, Replication-as-a-Service, and DR-as-a-Service to their clients. In Q1 2014, NAKIVO has increased the number of qualified cloud providers to over 50.

Product Releases
NAKIVO Backup & Replication v3.9 has been released in Q1 adding Multi-Tenancy, Self-Service, and Dynamic License Allocation features. With these features cloud providers can protect multiple customers through a single interface while each business unit or customer has access only to their own data. In addition, VM or socket licenses can be dynamically transferred from one tenant to another as needed by cloud service providers.

Company
NAKIVO’s explosive growth rate in VMware data protection market has been acknowledged by StorageNewsletter.com: the leading IT media company has named NAKIVO #1 among the top growing storage start-ups and private companies in 2013. Being profitable since founding in 2012, NAKIVO has shown revenue results throughout 2013 and reported a revenue growth of 800%. This has put NAKIVO on top of the list of the fastest-growing companies in 2013, outpacing all of its competitors.

“We continue to maintain our explosive growth rate within the VMware data protection space both in terms of customer adoption and revenue growth,” said Bruce Talley, CEO and co-founder, NAKIVO. “In 2014, we’ll continue to concentrate on delivering our fast, reliable, and affordable VMware data protection solution to cloud service providers, SMBs, and enterprises.”