Growing threats of cyber assaults have led to greater demand for details defense — and a increase in the backup marketplace.
“If you’re in the backup and restoration place and you’re not developing, you’re executing some thing completely wrong,” claimed Christophe Bertrand, senior analyst at Organization Strategy Group (ESG).
To that place, numerous backup sellers a short while ago documented powerful earnings for the final quarter and 12 months.
Kasten by Veeam earnings skyrocketed in 2021, with a 900% 12 months-above-yr raise in bookings by the Kubernetes backup, disaster recovery and migration provider.
Veeam earnings total also improved. The details safety seller, which obtained Kasten in September 2020, described a 27% boost year-above-12 months in once-a-year recurring income for the fourth quarter of 2021.
And Commvault documented profits of $202.4 million for the last quarter of 2021, an raise of 8% 12 months-over-yr.
2021 marked the initial total year that Kasten existed beneath the Veeam banner.
Andy Langsam
“They experienced a great product or service but at the time [of the acquisition], no salesforce and no marketing,” stated Andy Langsam, senior vice president of Kasten by Veeam. “It was evidently product sales-constrained and not product-constrained.”
Kasten by Veeam unveiled two significant updates to its K10 platform in 2021, which includes Kubernetes-indigenous defense concentrated on ransomware assaults. Adoption of K10 amplified by 10 situations in 2021, in accordance to Kasten. The organization did not release unique profits figures in its January report.
Use of container orchestration platform Kubernetes has soared in modern decades. As a consequence, the have to have to sufficiently defend containerized workloads has intensified.
If you are in the backup and recovery space and you are not increasing, you might be doing one thing completely wrong. Christophe BertrandSenior analyst, Organization Tactic Team
“We see tremendous expansion in Kubernetes,” Langsam said. “It’s type of like the VMware curve 15 years back.”
Kasten by Veeam did not supply certain consumer figures, but explained it guards thousands and thousands of containers in generation. High-functionality enterprises, like banking and the money sector, will need container-precise info management, according to Kasten.
Kasten by Veeam quadrupled the measurement of its staff members in 2021. The business did not give an staff depend, but Langsam reported it is however hiring in these types of parts as revenue, marketing, product or service administration, and research and improvement.
Containers are poised to grow to be the leading platform for running production workloads, in accordance to ESG study. The December 2020 report said containers would go ahead of VMs and bare-steel servers in two years.
Containers have been a “really crucial engineering enabling electronic transformation,” Bertrand said.
According to that ESG report, 75% of respondents claimed container-based programs can be backed up in the similar way as person programs, which is incorrect.
“You want a backup device intended for containers, intended for Kubernetes environments,” Bertrand stated. “That is in which Kasten has come in.”
Other sellers that present container safety include things like Catalogic, Commvault, Portworx by Pure Storage, Trilio and Zerto, an HPE enterprise.
Comparable to the disconnect with SaaS programs, Kubernetes buyers have to have to understand that their workloads need to be safeguarded.
“General, the marketplace desires a lot of instruction still,” Bertrand reported. “It truly is obtaining much better, but we are not there however.”
Veeam revenue aided by cloud
The all round Veeam earnings quantities mark the 16th consecutive quarter of double-digit progress.
Precisely, Veeam’s Backup for Microsoft Business office 365 business grew 73% yr-more than-calendar year. The Veeam Availability Suite, which consists of Veeam Backup & Replication and the Veeam One particular IT monitoring software, realized 36% calendar year-in excess of-yr progress.
Edition 11 of Veeam Backup & Replication, unveiled in February 2021, bundled ongoing info security. Much more than 450,000 end users have downloaded it, according to Veeam.
Veeam described moving much more than 500 PB of information to general public cloud storage in 2021.
Danny Allan
“All of the cloud quantities exploded in 2021,” claimed Veeam CTO Danny Allan.
For illustration, Veeam cloud-indigenous knowledge defense — which involves its backup for AWS, Microsoft Azure and Google Cloud — noted extra than 420% progress year-in excess of-year.
Veeam also transformed management in 2021. William Largent stepped down as CEO but remained chairman of the board of directors. Anand Eswaran, previous president and COO at RingCentral, became CEO in December and established an ambitious $10 billion income objective.
In 2022, Veeam will start its Backup for Salesforce product or service, which is in beta. Allan claimed there are three item focuses in 2022 — security, cloud-based mostly knowledge defense and Kubernetes.
“We will need to hold up the rate of innovation,” Allan explained.
Veeam does not crack out precise income figures. As a private corporation, Veeam does not require to report earnings. Having said that, executives which includes Eswaran have been obvious in the latest a long time that they are checking out a probable IPO.
Veeam statements to have 400,000 shoppers and 4,600 staff.
Commvault also capitalizes on cloud
When the backup and restoration market is on the upswing, Bertrand said you can find a shift towards broader clever info management and employing that data for other needs.
“Organizations that miss that pivot will likely not be in business in the subsequent few decades,” Bertrand reported.
Veeam and Commvault are between the sellers that deliver far more than backup in their products, veering into in general info administration with attributes this kind of as orchestration and reporting.
In its quarterly earnings report for the last quarter of 2021, Commvault, a community enterprise, claimed recurring income of $164.4 million. That determine tends to make up 81% of its full income. Revenue conquer expectations by $7.62 million.
Commvault CEO Sanjay Mirchandani pointed to the SaaS-dependent Metallic platform as 1 of the major drivers of advancement.
“As a lot more purposes are born in or migrate to the cloud, it is really clear that SaaS is the upcoming of the industry and for that make any difference, the upcoming of Commvault,” Mirchandani claimed on Commvault’s earnings contact on January 25.
The variety of Metallic shoppers enhanced about 40% quarter-about-quarter to nearly 1,500, Mirchandani reported.
In addition, Commvault recently obtained TrapX, an Israel-based mostly cybersecurity firm, and designs to integrate its technological know-how into the Metallic portfolio.
“We consider this technological know-how and expertise will broaden Metallic’s ransomware detection and prevention abilities and support prospects further more decrease their ransomware danger,” Mirchandani stated.
Company Approach Team is a division of TechTarget.
Andy Langsam
Danny Allan
