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Veeam Goes Voom

A half-dozen years ago virtualization startups were all the rage. It seems that once or twice a week I was meeting with the head of this or that new company. So where are they now? Some are out of business, some are still around in a low-key way and some got sold (Microsoft bought its fair share).

One in particular stood out. One that was utterly aggressive in making its name known. And that name was Veeam.

Many companies have names that don't mean a darn thing -- most names that actually make sense have been taken. At first blush Veeam may seem like nonsense, but it actually indicates VM. It took me a while to figure that out.

The company's main aim is storage for virtual environments. The idea is that building backup from scratch for virt is superior to adapting existing products. So far so good for the company founded six years ago.

Veeam last week announced its 50,000th customer. And sales continue to shine, rising 43% this past quarter compared to last year.

There is talk of a public offering at some point, but my guess is there is any number of flush-with-cash vendors that might want to pounce instead. The tools support VMware and Hyper-V but I think companies in either field could be candidates.

Posted by Doug Barney on 10/29/2012 at 1:19 PM


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