Legacy systems and outdated data protection are considerable obstacles for organizations trying to modernize IT through digital transformation. This lack of resources can greatly hinder DX efforts, according to a recent report from data backup provider Veeam Software Corp.

Fifty-eight percent of backups fail, leaving data unprotected according to Veeam’s “Data Protection Report 2021,” which underscores the challenges thwarting the ability to execute DX initiatives globally. The report also found that 40% of CXOs cite inadequate data protection, as well as the challenges to business continuity posed by the pandemic are hindering organizations’ initiatives to transform.

Veeam will host VeeamON, a free online conference on May 25-27, to address these challenges. Themed “Accelerate Your Data Protection Strategy,” the event will explore trends and the future of modern data protection and feature industry expert advice and tips on ransomware recovery, best practices for Kubernetes backup and Microsoft Office 365 backup, and more.

During the event, SiliconANGLE Media’s livestreaming studio theCUBE, will broadcast insider interviews with Veeam’s Bill Largent, chief executive officer; Gil Vega, chief information security officer; David Harvey, vice president of strategic alliances, and more. (* Disclosure below.)

Future-proofing data protection

With a flagship product aimed at protecting critical workloads, Veeam’s Backup & Replication v11 solution centralizes backup, recovery, storage, snapshots, replicas and continuous data protection. Supporting multicloud environments for all the major cloud platforms, Veeam has released more than 200 new features in the past year to address rising demand for distributed workforces. 

As the work-from-home trend continues even in a post-isolation economy, workloads are accelerating to multicloud ecosystems, leaving data harder than ever to manage. Veeam stated that in response to the new data protection challenges customers faced in 2020 and in anticipation of those to come in 2021, the enhanced v11 includes reliable security and ransomware protection that fends off increasing risks of cyberthreats and delivers resiliency for companies of any size.

“Customers face the very difficult task of cutting complexity and costs while at the same time meeting very demanding data protection requirements,” said Krista Macomber, senior analyst of data protection and multicloud data management at Evaluator Group. “The highlights of Veeam’s v11 hit a number of the most prominent requirements that we hear from customers, including meeting strict SLAs, mitigating downtime and data loss through disaster preparedness and ransomware protection, and meeting compliance requirements pertaining to data retention.”

Persistent product innovation

In March 2020, private equity firm Insight Partners completed its acquisition of Veeam at a valuation of approximately $5 billion, setting the pace for a year of substantial growth and expanded success across market segments. Under new ownership, Veeam moved its headquarters from Switzerland to the U.S. with an eye toward growing its U.S. market share. What followed was a year of noted success during a pandemic — not to mention 13 consecutive quarters of double-digit growth.

2020 culminated with Veeam’s acquisition of Kasten to offer a secure system for Kubernetes backup, further addressing multicloud protection needs. In April of this year, Veeam announced a new release of the Kasten K10 software platform with immutability features for defending Kubernetes environments against ransomware attacks.

Even with the unforeseen challenges that began in early 2020, Veeam saw its second consecutive year of bookings exceeding $1 billion and a 22% year-over-year increase in annual recurring revenue. The company saw 17.9% year-over-year growth in revenue in the second half of 2020, triple its closest competitor, according to Danny Allan, chief technology officer and senior vice president of product strategy at Veeam. And the company’s sequential growth was over 21%. 

“Massive growth, and all of that is in the second half of the year, $563 million in revenue. So over a billion-dollar company, and we see that continuing forward. It’s the right product, right time, with the right execution,” Allan said. 

Veeam’s vision for modern data protection

VeeaON kicks off with an opening keynote featuring Bill Largent and Danny Allan, who will share Veeam’s vision for modern data protection and provide insights into new innovations that will help organizations drive business transformation. 

Other topics of discussion across more than 30 sessions will include cyberthreats and ransomware protection, cloud acceleration, future trends in backup and recovery, the top drivers of a data protection strategy, post-COVID and multicloud data protection in 2021 and into 2022, innovation in a tumultuous world, Veeam’s 2021 channel strategy and opportunities, and more.

Livestream of VeeamON

VeeamON is a livestream event, with additional interviews to be broadcasted on theCUBE. You can register for free here to access the live event. Plus, you can watch theCUBE interviews here during the live event and on demand after the event.

How to watch theCUBE interviews

We offer you various ways to watch the live coverage of VeeamON, including theCUBE’s dedicated website and YouTube channel. You can also get all the coverage from this year’s events on SiliconANGLE.

TheCUBE Insights podcast

SiliconANGLE also has podcasts available of archived interview sessions, available on iTunes, Stitcher, and Spotify, which you can enjoy while on the go.

Guests

Guests who will be interviewed on theCUBE during VeeamON include Veeam’s Danny Allan; Bill Lagent; Gil Vega; David Harvey; Niraj Tolia, president and general manager at Kasten by Veeam; Jim Kruger, chief marketing officer; and Daniel Fried, general manager and senior vice president of EMEA and worldwide channel, as well as Google’s Brian Schwartz, director of product management, Google Cloud Platform.

(* Disclosure: TheCUBE is a paid media partner for VeeamOn. Neither Veeam, the sponsor for theCUBE’s event coverage, nor other sponsors have editorial control over content on theCUBE or SiliconANGLE.)

Photo: SiliconANGLE