Veeam Software total bookings revenue increased 22% compared to Q1 2014.
The launch of the Veeam Availability SuiteTM v8 has created a new category of IT solutions, ‘Availability for the Modern Data Center’, which has helped to fuel these record results.
The V8 includes more than 200 new features and enhancements, such as Veeam’s Cloud Connect capability, integration with NetApp and replication and disaster recovery.
The firm added that by the end of Q1 nearly 50% of existing customers had already upgraded their licenses to v8.
The company said that new solutions, product updates and partnerships planned for 2015 will fuel its growth towards $1 billion in annual revenue by 2018.
Ratmir Timashev, CEO at Veeam said: "Customers continue to download the latest release of Veeam Availability Suite faster than any previous new version, close to 1,000 downloads each day, and we expect that rapid adoption to continue because only Veeam can meet their requirements for solutions that deliver data centre availability.
"Veeam’s availability solutions already protect close to 8.5 million virtual machines in more than 200 countries worldwide, and we plan to accelerate this momentum with additional new products, updates and partnerships throughout 2015, as we proceed towards our goal of $1 billion in annual revenue by 2018."