CRN: So what’s going on at VeeamON this week?
Allan: Lots of exciting stuff. As you know, VeeamON is always associated with announcements and sneak peeks of products that are coming, but I would say really, we‘re focusing on three different areas. One is celebrate how far we’ve come this year [financially]. So there’s a bit of celebration around financial and product deliveries. Second thing is, we’re doing sneak peeks at products coming out in the second half of 2021. Notably there’ll be some demonstrations of Veeam Backup for Office 365 version 6. There’ll be demos of Veeam Backup for AWS version 4. The Kasten K10 Kubernetes integration with the VBR (Veeam Backup & Recovery) platform. So lots of demos. And then introducing Veeam Backup for Red Hat Virtualization and other KVM variants to the portfolio.
CRN: Let’s just go through these one by one. First of all, on the financial front, how has Veeam been doing?
Allan: Fantastic. Last year we did 22 percent year-over-year growth. At the end of Q1, we announced 25 percent year-over-year growth in our annual recurring revenue. We‘re switching to this subscription and recurring revenue model. So very, very strong growth. And the exciting thing about that is, it was in the products that are directionally aligned with where we want to go, Office 365 being one of those. We saw 156-percent year-over-year growth in that product. And we actually announced 5.8 million paid users. Microsoft has said there’s 145 million [paid users]. So I look at that and say, ’Hey, lots of room to grow.’ Huge growth, obviously, in Office 365. On the cloud front, we’re talking about the massive adoption of cloud. And in Q1 of this year, we moved 100 petabytes into the public cloud in just a single quarter.
