Commvault

Last updated
Commvault Systems, Inc.
Commvault
Company type Public
Industry Information technology, software
Founded1996;28 years ago (1996)
Headquarters
Tinton Falls, New Jersey
,
U.S.
Area served
Worldwide
Key people
Sanjay Mirchandani (CEO & president)
ProductsCommvault Complete Data Protection, Commvault Backup & Recovery, Commvault Disaster Recovery, Commvault HyperScale X, Commvault Activate, Metallic
Services
  • Data protection
  • cloud data management
  • disaster recovery
  • archiving
RevenueIncrease2.svg US$839 million (2024)
Increase2.svgUS$75 million (2024)
Increase2.svgUS$169 million (2024)
Total assets Increase2.svgUS$944 million (2024)
Total equity Increase2.svgUS$278 million (2024)
Number of employees
2,882 (2024)
Website commvault.com
Footnotes /references
Financials as of March 31,2024. [1]

Commvault Systems, Inc. is an American publicly traded data protection and data management software company headquartered in Tinton Falls, New Jersey. Commvault enterprise software can be used for data backup and recovery, cloud and infrastructure management, retention and compliance.

Contents

Commvault is headquartered in Tinton Falls, New Jersey and has 29 offices globally, including those in Beijing, Shanghai, Mumbai, Dubai, Israel, France, Germany and Brazil.

History

Commvault was originally formed in 1988 as a development group in Bell Labs focused on data management, backup, and recovery; it was later designated a business unit of AT&T Network Systems. [2] [3] After becoming a part of Lucent Technologies, the unit was sold in 1996 and became a corporation, with Scotty R. Neal as CEO. [3]

In March 1998, Bob Hammer joined Commvault as chairman, president and CEO, and Al Bunte joined as vice president and COO. [3] In 2000, the company began releasing products aimed at managing network storage. [2] In March 2006, Commvault filed for an initial public offering, [2] and officially went public later that year as CVLT on NASDAQ. [4] At the end of 2013, the company moved from its space in Oceanport, New Jersey, to its new $146 million headquarters at the former Fort Monmouth in Tinton Falls, New Jersey. [5]

On February 5, 2019, Sanjay Mirchandani replaced the retiring Hammer as president and CEO, and Nick Adamo was announced as chairman of the board. [6] [7] Mirchandani joined Commvault from Puppet, an Oregon-based IT automation company, where he served as CEO. [8]

Software

Commvault software is an enterprise-level data platform that contains modules to back up, restore, archive, replicate, and search data. It is built from the ground-up on a single platform and unified code base. It has four product lines: Complete Backup and Recovery, HyperScale integrated appliances, Orchestrate disaster recovery, and Activate analytics. [4] [9] The software is available across cloud and on-premises environments. [9]

In 2008, Commvault launched a new remote operations management service for storage management for small and midsize businesses. [10] In 2009, the company's backup software product Simpana version 8 offered the industry's first global embedded software deduplication, allowing users to deduplicate data no matter where it is stored. [11] In 2015, following the release of Simpana version 10, the product was renamed Commvault Software. [12] In 2017, Commvault began to sell its Hyperscale Backup data protection appliances, following up a year later by adding high capacity Hyperscale appliances, and the standalone Remote Office Appliance. [13] [14] Also in 2017, Commvault and Cisco Systems announced ScaleProtect, combining HyperScale software reference architecture with the Cisco Unified Computing System, giving enterprise customers the ability to manage secondary data in a cloud-like, on-premises solution. [15] [13] On July 17, 2018, the company announced a newly packaged set of four products under the name Commvault Complete: Commvault Complete Backup & Recovery, Commvault HyperScale, Commvault Orchestrate, and Commvault Activate. [16] [17] On October 14, 2019, Commvault launched Metallic, a SaaS backup and recovery service for the mid-market, allowing customers to backup on-premises data to their own backup system, their public cloud, Metallic's public cloud, or a combination of both. [18]

Commvault has partnered with companies including Cisco Systems, [15] Hewlett Packard Enterprise, [19] Microsoft, [20] Amazon Web Services, [21] IBM, [22] and Google. [23]

Services

Commvault provides consulting services for customers. The company advises customers with setting up new data management systems from the architecture design to the implementation and monitoring. In the remote managed service, Commvault manages the software in production for their customers. [24]

Acquisitions

On 4 September 2019, Commvault announced that it would acquire software-defined storage startup Hedvig, with the acquisition valued at $225 million. [6] [25] The acquisition was completed in October 2019. [26]

On 1 February 2022, Commvault announced that it has acquired Israel based cyber security company TrapX. [27]

On the 16th of April 2024, Commvault announced the acquisition of Appranix, a company specializing in Cyber Recovery in cloud platforms. [28]

In September 2024, Commvault announced the planned acquisition of Clumio, which provides autonomous backup and recovery of cloud data; the acquisition is expected to close in October 2024, be funded with cash on hand, and be immediately accretive to ARR and revenue. [29] The $47M purchase price is well below the $261M raised by Clumio since 2017. [30]

See also

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References

  1. ↑ "Commvault Systems Inc. Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. May 13, 2024.
  2. 1 2 3 Shread, Paul (March 20, 2006). "CommVault Files for IPO". Enterprise Storage.
  3. 1 2 3 Mellor, Chris (December 1, 2015). "Commvault's Bob Hammer has his head in the clouds. Actually, that's a good thing". The Register.
  4. 1 2 Raffo, Dave (January 30, 2019). "Commvault CEO Hammer says goodbye, prepares handoff". Tech Target.
  5. ↑ Diamond, Michael (September 30, 2016). "Commvault in Tinton Falls: How it beat the odds". Asbury Park Press.
  6. 1 2 Grant, Nico (September 4, 2019). "Commvault to Buy Hedvig for $225 Million to Jumpstart Growth". Bloomberg.
  7. ↑ High, Peter (February 5, 2019). "Former Puppet CEO Sanjay Mirchandani Named CEO Of Commvault". Forbes.
  8. ↑ Kovar, Joseph (February 5, 2019). "Commvault Hires Former Puppet Master Sanjay Mirchandani As New CEO". CRN.
  9. 1 2 Preimesberger, Chris (August 9, 2019). "Commvault data storage product overview and insight". eWeek.
  10. ↑ "CommVault Offers Remote Operations Management Service". Inc Magazine. January 28, 2008.
  11. ↑ Keller, Megan (January 27, 2009). "CommVault's Simpana 8.0 Offers Global Embedded Software Deduplication". IT Pro Today.
  12. ↑ "Commvault Drops Simpana Brand and Adds Features". Computer Weekly. Retrieved 13 November 2019.
  13. 1 2 Kovar, Joseph (October 9, 2018). "Commvault Go: Commvault Steps Up Data Protection Game". CRN.
  14. ↑ Adshead, Antony (October 10, 2018). "Commvault tops and tails Hyperscale backup appliance offer". Computer Weekly.
  15. 1 2 Brown, Matt (November 1, 2017). "5 Things Solution Providers Need To Know About Commvault's ScaleProtect With Cisco UCS". CRN.
  16. ↑ "Commvault Unveils Four New Products For Complete, Scalable Backup & Recovery And Modern Data Management For Progressive Enterprises Of All Sizes". Commvault.com. Retrieved 13 November 2019.
  17. ↑ Armstrong, Adam. "Commvault Announces Commvault Activate". Storage Review. Retrieved 13 November 2019.
  18. ↑ Mellor, Chris (October 14, 2019). "Commvault guns for mid-market with Metallic SaaS backup and recovery". Blocks and Files.
  19. ↑ Asturias, Diego (October 25, 2019). "Q&A: Commvault, HPE partner for out-of-the-box backup and recovery solutions". Silicon Angle.
  20. ↑ Yu, Johnny (October 14, 2019). "Commvault adds SaaS backup subsidiary Metallic". Tech Target.
  21. ↑ Deutscher, Maria (October 14, 2019). "Commvault's new Metallic service promises easier backup for midmarket firms". Silicon Angle.
  22. ↑ Coop, Alex (June 26, 2018). "IBM adds Commvault software to its managed services portfolio". Channel Daily News.
  23. ↑ Massey, Adam. "Commvault and Google Cloud partner on cloud-based data protection and simpler "lift and shift" to the cloud". Google. Retrieved 13 November 2019.
  24. ↑ "Support - Commvault". www.commvault.com.
  25. ↑ Kovar, Joseph (September 4, 2019). "Commvault To Acquire Hedvig In $225M Deal, Speeding Up Software-Defined Storage Vision". CRN.
  26. ↑ Adshead, Antony (October 16, 2019). "Commvault adds Metallic SaaS backup and Hedvig features". Computer Weekly.
  27. ↑ Mellor, Chris (2022-09-22). "Commvault adds malware honeypots to Metallic". Blocks and Files. Retrieved 2024-05-14.
  28. ↑ Kovar, Joseph F. "Commvault Acquires Appranix In Cyber Resilience Move". www.crn.com. Retrieved 2024-05-14.
  29. ↑ Mitchell, Sean (2024-09-24). "Commvault to acquire Clumio to boost AWS data protection". SecurityBrief Australia. Retrieved 2024-09-25.
  30. ↑ Novison, Michael (2024-09-25). "Commvault to Boost AWS Data Protection With $47M Clumio Buy". DataBreachToday. Retrieved 2024-09-26.
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