NAKIVO Reveals Q1 2023 26% Revenue Growth Worldwide

NAKIVO wraps up Q1 2023 with a revenue growth of 26% worldwide, as the company continues to accelerate in the backup and disaster recovery market for physical, virtual, cloud and SaaS environments.

Sparks, NV, United States — May 8, 2023

NAKIVO Inc., a fast-growing software company dedicated to protecting physical, virtual, cloud, and SaaS environments, revealed its Q1 2023 financial results today.

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In Q1 2023, NAKIVO accomplished the following:

Revenue: The worldwide revenue grew by 26% in Q1 2023 in comparison to Q1 2022. In Q1 2023, of the total revenue, 57% came from the EMEA region, 31% from the Americas, and 12% from the Asia-Pacific region. In addition, the Asia-Pacific region saw the biggest revenue growth of 36% in Q1 2023 vs. Q1 2022.

NAKIVO’s revenue grew more than 100% QoQ in Algeria, Argentina, Colombia, Georgia, Greece, Guatemala, Japan, Lebanon, Macedonia, Luxembourg, Portugal, Thailand, Tunisia, and others.

Customers: As of Q1 2023, NAKIVO has over 25,000 paid customers in 181 countries. The customer base grew by 15% in Q1 2023 vs. Q1 2022. The number of customers grew by 15% in the EMEA region, by 16% in the Asia-Pacific region, and by 12% in the Americas. For the first time, new customers from Albania, Djibouti, Sierra Leone, and the Turks and Caicos Islands became NAKIVO’s customers. Enterprises continue to choose NAKIVO Backup & Replication as their preferred data protection solution, with new deployments growing by 37% in Q1 2023 over Q1 2022.

A sample of customers in Q1 2023 includes ONE Bangkok Project, L3Harris Technologies, Zimbabwe Revenue Authority, City of Fremont, Africell Sierra Leone Limited, and others.

Some examples of customer success stories in Q1 2023 include: Jeffcom911 (NAKIVO Helps an Emergency Dispatch Center Achieve 100% Backup Success Rate), St. Johnsbury Academy Jeju (NAKIVO Provides Direct Backup to Amazon S3 for School), and Solina (NAKIVO Helps Non-Profit Organization Protect Healthcare Services).

Technology Partners: In Q1 2023, NAKIVO successfully delivered its solutions via technology partners, as more enterprises and SMBs chose to install NAKIVO Backup & Replication on partner hardware. Particularly, QNAP NAS installations grew by 11% in Q1 2023 vs. Q1 2022.

Solution Partners: Currently, NAKIVO has over 7,500 software solution providers as Partners across the Americas, Europe, Africa, the Middle-East, and the Asia-Pacific region. In Q1 2023, 193 new solution providers joined the NAKIVO Partner Program and now offer NAKIVO products to their enterprise and SMB customers. A solution partner from Kyrgyzstan joined the NAKIVO Partner Program for the first time.

Managed Service Providers: NAKIVO’s Managed Service Provider Program enables managed service, cloud, and hosting providers to deliver VM backup as a service (BaaS), VM replication as a service (RaaS), and VM disaster recovery as a service (DRaaS) to their clients. In Q1 2023, the number of managed service providers grew by 31% vs. Q1 2023. Managed service providers from Greenland and Lebanon joined NAKIVO’s Managed Service Provider Program for the first time.

“NAKIVO once again managed to achieve stable success in revenue growth over the first quarter of 2022. We attribute this to the company’s business development and engineering teams working collaboratively to support NAKIVO’s mission and goals. Quarter over quarter we are expanding the scope of data protection in a way that provides real value for SMBs and enterprises worldwide,” said NAKIVO CEO Bruce Talley.

RESOURCES

Trial Download: /resources/download/trial-download/
Datasheet: nakivo-backup-replication-datasheet.pdf
Success Stories: /success-stories/

About NAKIVO

NAKIVO is a US-based corporation dedicated to delivering the ultimate backup, ransomware protection and disaster recovery solution for virtual, physical, cloud and SaaS environments. As one of the fastest-growing backup and ransomware recovery software vendors in the industry, NAKIVO boasts 28 consecutive quarters of double-digit growth, 5-star online community reviews, 98% customer satisfaction with support and a network of over 7,500 partners worldwide. Over 25,000 customers in 181 countries trust NAKIVO with protecting their data, including major companies like Honda, Cisco, Coca-Cola and Siemens.

Visit us at: www.nakivo.com

Connect on Facebook: www.facebook.com/NakivoInc

Join us on LinkedIn: www.linkedin.com/company/nakivo