Veeam Software CEO Peter McKay resigned

Veeam Software announced the resignation of CEO Peter McKay and the appointment of co-founder Andrei Baronov to chief executive officer.
Veeam Software channel eventVeeam Software said Ratmir Timashev, the other co-founder, will become executive vice president (EVP), WW Sales and Marketing. William Largent will be assuming the role of executive vice president (EVP), Operations.

These executive changes add extra focus and strength to help the company continue its rapid expansion into the Enterprise and Cloud segments and enable it to accelerate growth across all markets.

Veeam reported its 41st consecutive quarter of double-digit growth, experiencing 20 percent increase in bookings and more than 26 percent growth in its cloud business. Alliance partners such as Cisco, HPE, Lenovo and NetApp have helped drive 128 percent increase in bookings via resale agreements.

“Veeam is on a rapid growth trajectory and our vision and strategy to be the most trusted Intelligent Data Management company is seeing us secure more than 4,000 new customers a month, driving sequential double-digit bookings growth,” said Ratmir Timashev.

IDC Software Tracker for Data Replication & Protection 2018H1 says Veeam is #4 in market share after Dell, IBM and Veritas, and ahead of Commvault.

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