Monday, October 23, 2017

Veeam reaffirms goal of $1bn revenues with boardroom reshuffle

VeeamON: Boardroom announcement is made as the company is about to kick off its largest corporate event of the year in New Orleans.

Backup and disaster recovery company Veeam Software has reaffirmed its goal of reaching $1bn in revenues by 2019.

The landmark revenue figure has been a constant goal of the company’s co-founder and director Ratmir Timashev for the last few years.

Revenues in 2016 topped $607.4m, a 28% year-on-year growth compared to 2015.

In order to speed up the process, Veeam has promoted President & COO and member of the Board of Directors, Peter McKay, and co-founder, member of the Board of Directors and CTO, Andrei Baronov, to the position of Co-CEOs.

Current CEO and member of the Board of Directors, William H. Largent, will take on a new role as Chairman of the Finance & Compensation Committees.

The announcement comes a day before the company officially kicks off its largest corporate event, VeeamON, in New Orleans, Louisiana.

Largent said: ““We have bold plans for Veeam’s future. Our vision of enabling any business to deliver the Digital Life experience customers expect means that we need to continue to be aggressive and customer focused, building on our growth trajectory.

“These new assignments will help to provide the foundation for continued expansion, and I am delighted that Peter and Andrei have accepted these new roles.”

Timashev said: “Peter has a powerful track record as CEO of several successful startups as well as leadership positions in large established technology leaders like VMware and IBM, and has taken Veeam to the next level in the short 10 months since he joined last.

“Peter has played a pivotal role in strengthening our GTM sales and marketing strategy and teams, and taking the company into Enterprise and Cloud segments.  By stepping up and running the go-to-market side of the business, and teaming up with long-term co-founder [Andrei] and the visionary that drives our technology and solutions, we are providing a rock-solid platform for future growth.”