NAKIVO Achieves 33 percent MSP Revenue Growth and Expands...

NAKIVO Inc., a leading provider of data protection solutions for physical, virtual, cloud, and SaaS environments, reported a strong Q3 2024, marked by a 33% increase in revenue from Managed Service Provider (MSP) partnerships and an 11% growth in its global customer base. This expansion highlights NAKIVO'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

NAKIVO's Managed Service Provider Programme enables MSPs, cloud providers, and hosting providers to deliver critical services such as backup as a service (BaaS), replication as a service (RaaS), and disaster recovery as a service (DRaaS). The 33% increase in revenue from MSPs reflects NAKIVO'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

NAKIVO now serves over 30,000 customers across 183 countries, achieving an 11% increase in its customer base year-over-year. This growth includes a 14% increase in the Asia-Pacific region, 11% in EMEA, and 9% in the Americas, as enterprises continue to select NAKIVO Backup & Replication as their trusted data protection solution. Recent deployments include prominent names like E.W. Wylie, the Institute of Earth Sciences at Ilia State University, and LAB Technologies.

Strengthening Technology and Solution Partnerships

In Q3 2024, NAKIVO 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 NAKIVO'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 of NAKIVO. 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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