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NAKIVO Inc., a fast-growing software company dedicated to protecting physical, virtual, cloud, and SaaS environments, has announced its Q2 2024 financial results.
In Q2 2024, NAKIVO achieved the following:
Revenue: NAKIVO grew its revenue in the APJ region by 7% in Q2 2024 in comparison to Q2 2023. In Q2 2024, 58% of the total revenue came from the EMEA region, 30% from the Americas, and 12% from the Asia-Pacific region. The countries delivering the highest revenue growth in Q2 2024 were Austria, Denmark, and Greece.
NAKIVO’s revenue grew more than 100% QoQ in Argentina, Austria, Bulgaria, Colombia, Croatia, Denmark, Ecuador, Greece, Indonesia, Malta, Morocco, Luxembourg, Nepal, New Zealand, Portugal, and Slovakia.
Customers: Presently, NAKIVO has over 29,000 paid customers in 183 countries. The customer base grew by 12% in Q2 2024 over Q2 2023. The number of new customers grew by 12% in the EMEA region, by 14% in the Asia-Pacific region, and by 10% in the Americas. Enterprises continue to choose NAKIVO Backup & Replication as their preferred data protection solution, with new deployments growing by 22% in Q2 2024 over Q2 2023.
A sample of customers in Q2 2024 includes Radboud University Medical Center, Uni-Pharma S.A., and Suffolk Otf. The largest deal closed was $120,000 in Q2 2024.
Examples of customer success stories in Q2 2024 include: Narayani Development Bank Limited, Lab Technologies, and E.W Wylie Corporation.
Technology Partners: In Q2 2024, NAKIVO successfully delivered its solutions via technology partners, as more enterprises and SMBs chose to install NAKIVO Backup & Replication on partner hardware.
Particularly, ASUSTOR NAS installations grew by 8% in Q2 2024 vs. Q2 2023.
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 2024, 223 new solution providers joined the NAKIVO Partner Programme and now offer NAKIVO products to their enterprise and SMB customers. For the first time, NAKIVO gained partners in Guinea, Tajikistan, and Uzbekistan.
Managed Service Providers: NAKIVO’s Managed Service Provider Programme enables managed service, cloud, and hosting providers to deliver backup as a service (BaaS), VM replication as a service (RaaS), and VM disaster recovery as a service (DRaaS) to their clients. In Q2 2024, the number of MSPs grew by 29% vs. Q2 2023. For the first time, NAKIVO gained MSP partners in Luxembourg, Mozambique, and Vietnam.
“We saw significant revenue growth in the APJ region for Q2 2024, thanks to the strong efforts of our business development team working with our partners to create new opportunities,” stated NAKIVO CEO Bruce Talley. “We upgraded NAKIVO Backup & Replication with new features to boost our solution's recovery and anti-ransomware capabilities, allowing organisations to safeguard their data more effectively,” Bruce added.
