We have proven capabilities to find the next hot market, and develop a brilliant product and when you have this capability, you can continue growing, stay profitable and you don't need to sell.' 'We're not looking to sell the company,' he said. In an interview following his keynote, Timashev said the company doesn't have near-term plans for an initial public offering (IPO), and insisted the company is not looking to be acquired. In his opening keynote address in the partner track, CEO Ratmir Timashev said that Veeam is on place to post $500 million in booked revenue (non GAAP), and is aiming to double that to $1 billion by 2018.

The VeeamON event was largely to launch a major new release of its flagship suite, Veeam Availability Suite v8. 'We want to get it in the hands of the IT pros and typical Veeam customers and see how we can expand this product and see how we can grow it.' 'We are not targeting this at an enterprise with 50,000 endpoints,' Hazelman said. He added that the endpoint software doesn't require any Veeam software, and vowed it would remain free as a standalone offering. Hazelman said that the company is largely looking to see how customers use the software, which can perform file-level recoveries.

Doug Hazelman, Veeam vice president of product strategy, indicated that it could be used for various physical servers, as well.

This is just their way to kind of test the code, test customers' willingness for it, as a way to vet that physical feature such that they have even a stronger stranglehold on that midsize org that's backing up everything except a few stragglers.'Īt a media briefing during the VeeamON conference, company officials emphasized that they remain focused on its core business of protecting server VMs as the company plots its growth toward supporting various cloud environments as backup and disaster recovery targets. I'm reasonably confident they are not going to go hog wild into the endpoint protection business. In this first release, while it's an endpoint solution, primarily, there's no reason you technically couldn't run it on a low-end Windows Server. 'But that's another great example of them adding a fringe utility. 'At first, I was a little surprised because it didn't seem congruent with that VM-centric approach to things,' Buffington said. Enterprise Strategy Group Analyst Jason Buffington, who follows the data protection market and has conducted research for Veeam, said offering endpoint client software was unexpected.

Veeam endpoint backup review