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NAKIVO Unveils 24% Revenue Growth Worldwide in Q3 2022

NAKIVO closes Q3 2022 with a revenue growth of 24% worldwide as the company continues to accelerate in the backup and disaster recovery solutions market.

London, UK — 2nd November 2022

NAKIVO Inc., a fast-growing software company, dedicated to protecting physical, virtual, cloud, and SaaS environments, announced its Q3 2022 financial results today.

In Q3 2022, NAKIVO achieved the following:

Revenue: NAKIVO grew its revenue by 24% worldwide in Q3 2022 over Q3 2021. Of the total revenue, 43% came from the EMEA region, 37% from the Americas, and 20% from the Asia-Pacific region. The countries delivering the highest revenue growth in Q3 2022 were Canada, Belgium, and Turkey.

NAKIVO’s revenue grew more than 100% QoQ in Armenia, Barbados, Belgium, Bermuda, Canada, Colombia, Croatia, Ecuador, Gibraltar, Hungary, Lithuania, Norway, Tunisia, Turkey, Philippines, Romania, Serbia, Vietnam, and others.

Customers: NAKIVO now has over 24,000 paid customers in 174 countries. The customer base grew by 17% in Q3 2022 over the same period in 2021. The number of new customers grew by 18% in the EMEA region, by 18% in the Asia-Pacific region, and by 16% in the Americas. NAKIVO gained its first customers in French Guiana. Enterprises continue to choose NAKIVO Backup & Replication as their preferred data protection solution, with new deployments growing by 13% in Q3 2022 over Q3 2021.

New customers in Q3 2022 include Taiwan Power Company, Prime Focus Technologies, American Trim, Mitel Networks Corporation, Letko Brosseau, and others.

Some examples of customer success stories in Q3 2022 include: Penn-Harris School Corporation, Zetor, and Guardian Media.

Technology Partners: In Q3 2022, NAKIVO successfully delivered its solutions via technology partners, as more enterprises and SMBs chose to install NAKIVO Backup & Replication on partner hardware. Overall, installations on NAS operating systems grew by 18% in Q3 2022 vs. Q3 2021. Particularly, ASUSTOR NAS installations grew by 105% in Q3 2022 over the same period last year.

Solution Partners: Currently, NAKIVO has over 7,000 software solution providers as partners across the Americas, Europe, Africa, the Middle East, and the Asia-Pacific region. In Q3 2022, 171 new solution providers joined the NAKIVO Partner Program and now offer NAKIVO products to their enterprise and SMB customers. For the first time, NAKIVO gained partners from Cambodia and Suriname.

Managed Service Providers: NAKIVO’s Managed Service Provider Program 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 Q3 2022, the number of MSPs grew by 28% vs. Q3 2021. For the first time, NAKIVO gained MSP partners in Bosnia and Herzegovina, Greece, and Kenya.

“Organisations don’t want to simply react to cybersecurity and other threats to data availability. They want to stay ahead and be prepared. This year, we’ve continued to improve their data protection defences to help them do just that,” said NAKIVO’s CEO Bruce Talley. “And this quarter’s financial results show that this approach to product development and our close work with customers and partners pays off. For the third consecutive quarter, NAKIVO’s worldwide revenue and customer base have grown in the double digits.”


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