Veeam Software

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Veeam Software
Privately held company
Industry Computer software
Hardware virtualization
Founded 2006
Founder Ratmir Timashev
Andrei Baronov
Headquarters Baar, Switzerland
Area served
Key people
William H. Largent (CEO)
Peter McKay (COO)
Doug Hazelman (VP)
Products Veeam Backup & Replication
Veeam ONE
Veeam Management Pack
Veeam Endpoint Backup
Veeam Agent for Linux
Services Veeam Cloud Connect
Revenue Increase US$0607.4 million[1] (2016)
Number of employees
2000+[2] (2015)
VeeamON conference hall

Veeam Software is a privately held information technology company that develops backup, disaster recovery and virtualization management software for VMware and Hyper-V virtual environments.[3][4] The company focuses on products that increase the resistance of virtualized workloads, reduce downtime, and ensure the system availability required by service-level agreements. The company’s headquarters is based in Baar, Switzerland.[5]
The name "Veeam" came from the phonetic pronunciation of the letters ”VM,” as in virtual machine.


Ratmir Timashev and Andrei Baronov founded Veeam in 2006. Timashev and Baronov had sold their previous IT management software company, Aelita Software Corporation, to Quest Software in 2004;[6][7] Dell subsequently acquired Quest.[8]

The first Veeam products, Veeam Monitor and Veeam Reporter, provided virtual-infrastructure monitoring, reporting, analysis and documentation. Later, in 2010, the company combined both products to form Veeam ONE.[9] Veeam gained attention in 2007 with its free VM backup copy product, FastSCP[10] which became a basis for building Veeam's data-protection software for hardware virtualization.

In 2008, with 10 employees, the company released Veeam Backup & Replication, a tool that provided VMware vSphere VMs with incremental backups and image-based replication, with built-in data deduplication and compression.[11] Veeam Backup & Replication started supporting Microsoft Hyper-V in 2012.[12]

In 2014 Veeam held its first conference on data protection called "VeeamON", which took place in Las Vegas, Nevada.[13]

In 2015 Veeam extended its product line with a free backup utility for physical endpoints: Veeam Endpoint Backup FREE. This utility supports PCs running 32- and 64-bit versions of Microsoft Windows OS and integrates with Veeam Backup & Replication.[14] In the same year Veeam released Veeam FastSCP for Microsoft Azure, a tool for copying files between on-premises and Microsoft Azure VMs.[15]

At the end of 2015 Veeam had 2,000 employees. The company has a number of international offices, including regional headquarters for EMEA in Paris, France, for the Americas in Columbus, Ohio, for the Middle East in Dubai and for the Asia-Pacific region in Sydney, Australia.


In 2008, Veeam acquired Nworks to further integrate VMware management with Microsoft and Hewlett-Packard enterprise system management platforms.[16]
This resulted in two new products:

  • Veeam nworks Management Pack for VMware allowed users to directly integrate VMware management into Microsoft System Center Operations Manager.
  • Veeam nworks Smart Plug-In for VMware allowed users to directly integrate VMware management into HP OpenView.

In 2012, both products were renamed to Veeam Management Pack and Veeam Smart Plug-In, omitting the word "nworks".

Awards and honors[edit]

Ratmir Timashev was named one of the top 25 innovators of 2013 and 2015 by CRN Magazine.[17][18]
Late 2015 Veeam won "Backup and Recovery/Archive Product of the Year" from SVC Awards.[19]
In 2016 Veeam was included as one of the "Leaders" in the Gartner Magic Quadrant for Data Center Backup and Recovery Software.[20]


  1. ^ Sonia Lelii (January 20, 2017). "Veeam Software cracked $600 million revenue mark in 2016 - Storage Soup". TechTarget. Retrieved February 19, 2017. 
  2. ^ "22% Y/Y Growth for Veeam in 2015". StorageNewsletter. January 27, 2016. 
  3. ^ Mellor, Chris (23 May 2013). "Backup bods Veeam quietly gobbling up ever-greater market share". The Register. 
  4. ^ Rogers, Bruce (7 January 2014). "Is Veeam The Next $Billion Virtualization and Cloud Software Company?". Forbes. 
  5. ^ "Official company registry for Veeam Software AG in Baar, Zug, Switzerland". State of Zug. 
  6. ^ Sramana Mitra (August 22, 2014). "Unicorn in the Making: Veeam CEO Ratmir Timashev". One Million by One Million. Retrieved November 22, 2015. 
  7. ^ "Aelita buyout closes". Columbus Business First. 18 March 2004. 
  8. ^ RUSLI, EVELYN M. (2 July 2012). "Dell Acquires Quest". The New York Times. 
  9. ^ "Release: Veeam ONE 1.0". September 7, 2010. Retrieved November 16, 2015. 
  10. ^ Dubie, Denise (5 September 2007). "Veeam takes on virtual management". Network World. 
  11. ^ "Release: Veeam Backup 1.0". March 3, 2008. Retrieved November 16, 2015. 
  12. ^ Sander Martijn (December 1, 2011). "Veeam Backup & Replication v6 released". VMGuru. Retrieved November 16, 2015. 
  13. ^ Buffington, Jason (6 October 2014). "Could VeeamON be the next MMS?". Enterprise Strategy Group. 
  14. ^ Mellor, Chris (15 June 2015). "Veeam-ing all the way to the bank: No IPO for these VM replicants". The Register. 
  15. ^ Adam Armstrong (6 May 2015). "Veeam Introduces FastSCP For Azure & Management Pack v8 For System Center". StorageReview. 
  16. ^ Dubie, Denise (24 June 2008). "Virtual server management marriage: Veeam acquires Nworks". Network World. 
  17. ^ Bent, Kristin (29 October 2013). "The Top 25 Innovators Of 2013". CRN Magazine. 
  18. ^ Kuranda, Sarah (3 August 2015). "The Top 25 Innovators Of 2015". CRN Magazine. 
  19. ^ SVC Awards (15 December 2015). "2015 WINNERS AND RUNNERS-UP". SVC. 
  20. ^ Dave Russell; Pushan Rinnen; Robert Rhame (8 June 2016). "Magic Quadrant for Data Center Backup and Recovery Software". Gartner.