NAKIVO concludes Q2 2023 with revenue growth of 8% in the Americas, as the company continues to accelerate in the backup and disaster recovery market for physical, virtual, cloud and SaaS environments.
NAKIVO Inc., a fast-growing software company dedicated to protecting physical, virtual, cloud, and SaaS environments, announced its Q2 2023 financial results today.
In Q2 2023, NAKIVO accomplished the following:
Revenue: NAKIVO's revenue in the Americas grew by 8% in Q2 2023, in comparison to Q2 2022. In Q2 2023, of the total revenue, 55% came from the EMEA region, 34% from the Americas, and 11% from the Asia-Pacific region. The highest-growing producers of revenue in Q2 2023 for NAKIVO were Madagascar, Brazil, and the United Arab Emirates.
NAKIVO's revenue grew more than 100% QoQ in Maldives, Macedonia, Finland, Mauritius, Sri Lanka, Estonia, Peru, South Korea, Uruguay, Malaysia, Netherlands, China, Brazil, India, Tanzania, Greece, and others.
Customers: Currently, NAKIVO has over 26,000 paid customers in 181 countries. The customer base grew by 13% in Q2 2023 vs. Q2 2022. The number of new customers grew by 14% in the EMEA region, 15% in the Asia-Pacific region, and 10% in the Americas. Enterprises continue to choose NAKIVO Backup & Replication as their preferred data protection solution, with new deployments growing by 14% in Q2 2023 over Q2 2022.
A sample of customers in Q2 2023 includes MVOLA, Lemonsoft, INSA Lyon, EPFL, UCLA Social Science Computing, the Open University of Sri Lanka, and others.
Examples of customer success stories in Q2 2023 are: Clerprem (NAKIVO Helps a Manufacturing Company Protect Internal Critical Data), Zambia Daily Mail (NAKIVO Helps a Media Company Save Bandwidth Costs over Three Years), and Lawo (NAKIVO Helps a Broadcast Media Product Company Cut Costs and Time in Half).
Technology Partners: In Q2 2023, NAKIVO successfully delivered its solutions via technology partners, as more enterprises and SMBs chose to install NAKIVO Backup & Replication on partner hardware. In particular, TrueNas installations grew by 100% in Q2 2023 vs. Q2 2022.
Solution Partners: Currently, NAKIVO has over 8,000 software solution providers as partners across the Americas, Europe, Africa, the Middle East, and the Asia-Pacific region. In Q2 2023, 210 new solution providers joined the NAKIVO Partner Programme and now offer NAKIVO products to their enterprise and SMB customers. Solution partners from the Faroe Islands joined the NAKIVO Partner Program for the first time.
Managed Service Providers: NAKIVO's Managed Service Provider Program enables managed service, cloud, and hosting providers to deliver VM backup as a service (BaaS), VM replication as a service (RaaS), and VM disaster recovery as a service (DRaaS) to their customers. In Q2 2023, the number of managed service providers grew by 33% vs. Q2 2022. Managed service providers from Rwanda joined NAKIVO's Managed Service Provider Program for the first time.
The second quarter of 2023 proved to be another success for NAKIVO's team, especially in the Americas. With the upcoming VMware Explore event in Las Vegas, Nevada, we aim to strengthen our existing relationships with partners and customers in America, as well as gain potential business, so that Q3 2023 results improve even more, said NAKIVO CEO Bruce Talley.
In Q2 2023, we expanded our solution with added data recovery and cybersecurity functionality. We aim to provide our customers with the highest level of security for the different environments.
Resources
Trial Download: https://www.nakivo.com/resources/download/trial-download/
Datasheet: https://www.nakivo.com/res/files/nakivo-backup-replication-datasheet.pdf
Success Stories: https://www.nakivo.com/customers/success-stories/
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NAKIVO concludes Q2 2023 with revenue growth of 8% in the Americas, as the company continues to accelerate in the backup and disaster recovery market for physical, virtual, cloud and SaaS environments.
