NEWS
Veeam on
target to be the
next billion-
dollar software
company in 2018
V
eeam Software, a leader in intelligent
data management for the hyper-available
enterprise, has announced results from Q1
2018. In its 39th straight quarter of record
bookings growth, Veeam delivered 21%
growth year-over-year (YoY) in total bookings.
With another 12,000 customers added to
its current total of 294,000, and 58% YoY
growth in named enterprise accounts, Veeam
is on track to achieve its goal of becoming
a US$1 billion company in 2018. “Our
mission is to enable the enterprise to meet
the expectations of a world that demands
the hyper-availability of data by being the
most trusted provider of intelligent data
management solutions,” said Peter McKay,
Co-CEO and President of Veeam. “With the
most complete hyper-availability platform
to protect any data, any app on any cloud,
we are helping nearly 300,000 customers
navigate the journey from the old world of
periodic backups and white-knuckle recovery
to a new world of self-learning data operating
in an intelligently automated system that
spans the hyper-extended enterprise.
This commitment to our customers is our
engine of growth that will drive achieving
our 2018 objective of US$1 billion in
total bookings. To accomplish our mission
and our growth objectives, we’ve made
significant investments in our engineering
and development teams, expanded our
marketing and branding, added additional
programmes and support initiatives to our
partner programmes, extended our alliance
relationships and offerings, and increased our
focus on the large enterprise.”
Peter McKay, Co-CEO and President of Veeam
www.intelligentcio.com
LinkedIn reveals software
sector saw most number
of professionals changing
jobs in 2017
Ali Matar, Head of
LinkedIn Middle East
and North Africa
n in-depth analysis by LinkedIn has
revealed the sectors experiencing the
highest talent turnover rates in MENA. The
findings show that in 2017, the technology
sector, particularly the software sector,
saw the most number of professionals
leaving their companies, pegging the
figure at 12.3%. This was followed by
‘professionals services’ at 11.1% and
‘telecommunications’ at 9.65%. A “The trouble with retaining tech talent is
high-demand and rising compensation
within the industry. As employers
and offers get more competitive, top
talent is more eager to jump on new
opportunities. Emphasising career
advancement can help retain current
employees and attract new ones,” said Ali
Matar, Head of LinkedIn Middle East and
North Africa.
While every industry has unique drivers
motivating its workforce, LinkedIn
research has found that the number one
reason people leave their jobs is due to
lack of opportunities for advancement
(45%). The other biggest reasons people
jumped included being unhappy with
leadership (41%), being unhappy with
the work environment (36%) and a
desire for more challenging work (36%). According to LinkedIn, to mitigate
turnover problems, improve retention,
and attract more talent, companies need
to arm themselves with insights. “Once
you have the data to anticipate turnover,
you can act to retain key employees and
recruit new ones way ahead of time.
It’s the difference between constantly
reacting and proactively planning,” added
Ali Matar. n
INTELLIGENTCIO
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