A new startup called Nakivo has burst onto the scene as a potential challenger to Veeam for VMware server backup. To date, it claims some 3,000 customers and growth rate that’s well into triple digits.

Nakivo’s main product is called Nakivo Backup & Replication, and provides VMware server backup plus replication with disaster recovery and business continuity features. The company boasts two offices, one in Kiev and one in Singapore, and obviously has Veeam in it’s sights.

The company says it “provides a fast, reliable, and affordable VM backup and replication solution for enabling SMBs and enterprises to protect and recover VM data onsite, offsite, and in the cloud.” In other words, it’s a cheap and cheerful, fast and efficient alternative to Veeam that allows for server data to be backed up onto a public cloud like AWS, Dropbox or Google.

Nakivo was founded back in January 2012, yet it’s only recently begun to make serious waves. It released version 4.0 of its software last April, shortly before announcing revenue growth of 337 percent in Q2, with 53 percent of its revenues coming from the Europe and 42 percent from the US. It adds that some 17 percent of its customers were obtained via a trade-in program which replaced Veeam with Nakivo’s software. The program itself is free, with maintenance and support available on subscription.

“Our revenue and customer growth rate continues to be the highest in the VMware data protection and cloud backup industry,” said Bruce Talley, CEO and co-founder of NAKIVO.

The company also boasts more than 500 channel partners spread over 55 countries.

For more information, check out the Nakivo data sheet here.

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