Nakivo Achieves 33% MSP Revenue Growth in 3Q24

Nakivo Inc., reported a strong 3Q24, marked by a 33% increase in revenue from MSP partnerships and an 11% growth in its global customer base.

This expansion highlights firm’s success in meeting the data protection needs of businesses around the world through its MSP programme and reliable backup solutions.

Growth in MSP Partnerships Drives Revenue and Service Expansion
Its MSP Programme enables MSPs, cloud providers, and hosting providers to deliver critical services such as BaaS), RaaS, and DRaaS.

The 33% increase in revenue from MSPs reflects company’s commitment to supporting partners with advanced, high-performance data protection solutions that empower them to meet the growing demands of their clients.

Expanding Global Customer Base
The firm now serves over 30,000 customers across 183 countries, achieving an 11% increase in its customer base Y/Y. This growth includes a 14% increase in the AsiaPac region, 11% in EMEA, and 9% in the Americas, as enterprises continue to select Nakivo Backup & Replication as their data protection solution. Recent deployments include names like E.W. Wylie, the Institute of Earth Sciences at Ilia State University, and LAB Technologies.

Strengthening Technology and Solution Partnerships
In 3Q24, the vendor welcomed 224 new solution providers to its Partner Programme, further expanding its footprint in established and emerging markets. Technology partnerships also continued to strengthen, with ASUSTOR NAS installations growing by 48%, demonstrating firm’s commitment to integrating with trusted hardware solutions.

Executive Perspective
“Our 33% MSP revenue growth and expanding customer base reflect the reliability and value of our solutions,” said Bruce Talley, CEO. “As the threat landscape evolves, we are committed to providing our partners and customers with robust tools to protect their data and ensure resilience in a rapidly changing environment.”

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