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Veeam Software

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Overview

Veeam Software is a leading provider of data protection, backup, and disaster recovery solutions for virtual, physical, and cloud environments. Their flagship product, Veeam Backup & Replication, offers comprehensive functionality for ensuring data availability and minimizing downtime. Key features of Veeam Backup & Replication include:

  1. Backup: Creates image-level backups of virtual machines, physical machines, cloud VMs, file shares, and object storage repositories.
  2. Recovery Options: Offers Instant Recovery, image-level restore, file-level restore, and application-aware restores.
  3. Replication: Creates and maintains exact copies of VMs for quick failover in case of disasters.
  4. Continuous Data Protection (CDP): Protects mission-critical VMs with recovery point objectives as low as seconds.
  5. Security Features: Includes immutable backups, AI-powered malware detection, and a Security & Compliance Analyzer.
  6. Cloud and Hybrid Support: Supports operations across various cloud platforms and hybrid environments. The software operates at the virtualization layer, interacting with hypervisors like VMware vSphere or Hyper-V to take efficient snapshots without requiring agents within each VM. It utilizes technologies such as VMware's Changed Block Tracking to minimize data transfers and accelerate backups. Veeam Backup & Replication is managed through a centralized console that allows for configuration, scheduling, and monitoring of backup processes. It integrates with other Veeam tools like Veeam ONE for real-time monitoring and Veeam Recovery Orchestrator for disaster recovery processes. The product is available in several editions, including a free Community Edition for small-scale deployments. Veeam's robust solution is designed to ensure data availability, minimize downtime, and provide comprehensive data protection across diverse IT environments.

Leadership Team

Veeam Software's leadership team comprises experienced executives with strong backgrounds in technology, operations, and growth strategies. Key members include:

  1. Anand Eswaran - Chief Executive Officer (CEO): Appointed in December 2021, Eswaran brings extensive experience from previous roles at RingCentral, Microsoft, and SAP.
  2. Matthew Bishop - Chief Operating Officer (COO): Oversees the company's operational aspects, aligning operations with strategic goals.
  3. John Jester - Chief Revenue Officer (CRO): Leads Veeam's revenue generation efforts and drives company growth.
  4. Dustin Driggs - Chief Financial Officer (CFO): Manages financial operations, including corporate finance, capital structure, and investor relations.
  5. Shiva Pillay - General Manager & Senior Vice President, Americas: Leads growth and business operations in the Americas region.
  6. Anton Gostev - Chief Product Officer: Responsible for Research and Development (R&D) and Product Management teams.
  7. Tim Pfaelzer - General Manager & Senior Vice President, Europe, Middle East and Africa (EMEA): Leads operations in the EMEA region.
  8. Brandt Urban - Senior Vice President of Worldwide Cloud Sales: Focuses on driving Veeam's global cloud sales.
  9. William Largent - Chairman of the Board of Directors: Previously served as CEO and has been instrumental in Veeam's growth since its inception in 2006. This diverse and experienced leadership team is well-positioned to drive Veeam's continued growth, innovation, and market leadership in the data protection and management sector.

History

Veeam Software, founded in 2006 by Ratmir Timashev and Andrei Baronov, has grown from a startup to a global leader in backup and data management solutions. Key milestones in Veeam's history include:

  1. Founding and Early Products (2006-2008):
  • Established with initial office in Saint-Petersburg, Russia
  • Released first products: Veeam Monitor and Veeam Reporter
  • Launched FastSCP, a free VM backup copy product
  • Introduced flagship product, Veeam Backup & Replication
  1. Growth and Expansion (2008-2016):
  • Acquired nworks in 2008
  • Surpassed 50,000 customers by 2011
  • Introduced Veeam Availability Suite in 2014
  • Reached 200,000 customers by 2016
  1. Product Evolution (2015-2020):
  • Expanded product line with Veeam Endpoint Backup FREE, Veeam Backup for Microsoft Office 365, and Veeam Agents for Microsoft Windows and Linux
  • Released major updates including Veeam Backup & Replication v10 and Veeam ONE v10
  • Acquired Kasten, a leader in Kubernetes backup solutions
  1. Ownership and Leadership Changes (2020-present):
  • Acquired by Insight Partners for $5 billion in January 2020
  • Moved headquarters to Kirkland, Washington, USA
  • Anand Eswaran appointed as CEO in 2021 Throughout its history, Veeam has forged strategic partnerships with leading technology companies and consistently received industry recognition for its innovative solutions. As of the second half of 2022, Veeam holds the #1 market share in the data protection category, supporting a wide range of platforms including AWS, Azure, Google Cloud, Microsoft 365, Kubernetes, and physical workloads.

Products & Solutions

Veeam Software offers a comprehensive suite of products and solutions designed for data protection, backup, and disaster recovery across various environments. Key offerings include:

  1. Veeam Backup & Replication: The flagship product providing reliable backup, recovery, and replication for virtual, physical, and cloud environments. Features include incremental backups, image-based replication, data deduplication, and support for major cloud platforms.
  2. Veeam ONE: A monitoring, reporting, and analytics solution offering complete visibility and control over IT infrastructure, including performance monitoring and proactive issue identification.
  3. Veeam Recovery Orchestrator: Simplifies disaster recovery planning and automation, offering plan management, automated testing, and comprehensive documentation.
  4. Veeam Agents: Protect physical workloads for Windows, Linux, and macOS systems.
  5. Cloud Data Protection: Solutions for AWS, Microsoft Azure, and Google Cloud Platform.
  6. Microsoft Office 365 Data Protection: Safeguards Exchange Online, SharePoint Online, and OneDrive for Business data.
  7. Remote Office/Branch Office (ROBO) Data Protection: Ensures data protection for remote locations.
  8. Data Archiving and Long-Term Retention: Supports various storage options for compliance and archiving purposes.
  9. Veeam Universal License (VUL): A portable license allowing protection of cloud, virtual, and physical workloads across different environments. Additional features include ransomware protection, monitoring and analytics, automated recovery verification, and off-site recovery options. Veeam's solutions collectively provide a robust framework for business continuity, minimizing downtime, and protecting critical data across diverse IT environments.

Core Technology

Veeam Software's core technology centers around comprehensive data protection, backup, and recovery solutions for diverse workloads and environments. Key aspects include:

  1. Data Protection and Backup: Veeam Backup & Replication offers secure and powerful data protection for virtual, cloud-native, SaaS, Kubernetes, and physical workloads, featuring incremental backups and efficient data management.
  2. Hybrid and Multi-Cloud Support: Seamless backup, recovery, and migration across on-premises, cloud, and hybrid environments, supporting major cloud providers.
  3. Instant Recovery and Orchestration: Quick restoration capabilities and multi-hypervisor disaster recovery orchestration with Veeam Availability Orchestrator.
  4. Cyber Resilience and Security: Integrated cybersecurity features including AI-powered Malware Detection Engine, YARA content analysis, and Zero Trust Architecture.
  5. Integration and Compatibility: Extensive integration through Universal Storage API, allowing operations across heterogeneous workloads and multi-vendor storage systems.
  6. Automation and AI: Utilization of AI and automation for streamlined processes, including an in-product generative AI assistant and automated security scans.
  7. Scalability and Cost Optimization: Designed for scalable and cost-effective solutions, featuring policy-based tiering and Veeam Vault for secure, predictably priced cloud storage. Veeam's technology focuses on providing robust, scalable, and secure data protection and recovery solutions that adapt to the evolving needs of modern IT environments.

Industry Peers

In the competitive backup and recovery sector, Veeam Software faces several notable competitors:

  1. Top Competitors:
    • VMware Disaster Recovery (12.93% market share)
    • ArcTitan by TitanHQ (8.16% market share)
    • Commvault (6.15% market share)
    • NetApp Backup and Recovery (6.05% market share)
    • Acronis (5.45% market share)
    • Veritas NetBackup and Veritas Backup Exec (3.32% and 2.49% market shares, respectively)
  2. Other Notable Peers:
    • ServiceNow Incident Management (3.41% market share)
    • Barracuda Backup
    • Dell EMC NetWorker and Dell EMC Avamar
    • Zerto, Iland, and Iron Mountain
  3. Industry Recognition: Veeam has been consistently recognized in Gartner's Magic Quadrant for Enterprise Backup and Recovery Software Solutions, named a leader for eight consecutive years and highest in Ability to Execute for five consecutive years. This competitive landscape underscores the dynamic nature of the backup and recovery market, with Veeam maintaining a strong position among established players and emerging solutions.

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