Veeam builds on momentum of cloud and SaaS backup growth

Veeam achieved over $1 billion in revenue in FY 2021 and experienced rapid growth in its cloud-native and SaaS data protection products. With the increasing demand for disaster-recovery and ransomware-recovery solutions, Veeam's momentum may lead to an IPO in the near future, while the company plans to expand its portfolio through internal development, partnerships, and acquisitions to maintain its growth.

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