Commvault
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| Commvault | |
| Company type | Public |
| Industry | Information technology, software |
| Founded | 1996 |
| Headquarters | , U.S. |
Key people | Sanjay Mirchandani (CEO & president) |
| Revenue |  US$839 million (2024) |
| US$75 million (2024) | |
| US$169 million (2024) | |
| Total assets | US$944 million (2024) |
| Total equity | US$278 million (2024) |
Number of employees | 2,882 (2024) |
| Website | commvault |
| Footnotes / references Financials as of March 31, 2024[update].[1] | |
Commvault Systems, Inc. is an American publicly traded data protection and data management software company headquartered in Tinton Falls, New Jersey.
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
[edit]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 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]
Acquisitions
[edit]On 4 September 2019, Commvault announced that it would acquire software-defined storage startup Hedvig, with the acquisition valued at $225 million.[6][9] The acquisition was completed in October 2019.[10]
On 1 February 2022, Commvault announced that it has acquired Israel based cyber security company TrapX.[11]
On the 16th of April 2024, Commvault announced the acquisition of Appranix, a company specializing in Cyber Recovery in cloud platforms.[12]
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.[13]
See also
[edit]References
[edit]- ^ "Commvault Systems Inc. Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. May 13, 2024.
- ^ a b c Shread, Paul (March 20, 2006). "CommVault Files for IPO". Enterprise Storage.
- ^ a b c Mellor, Chris (December 1, 2015). "Commvault's Bob Hammer has his head in the clouds. Actually, that's a good thing". The Register.
- ^ Raffo, Dave (January 30, 2019). "Commvault CEO Hammer says goodbye, prepares handoff". Tech Target.
- ^ Diamond, Michael (September 30, 2016). "Commvault in Tinton Falls: How it beat the odds". Asbury Park Press.
- ^ a b Grant, Nico (September 4, 2019). "Commvault to Buy Hedvig for $225 Million to Jumpstart Growth". Bloomberg.
- ^ High, Peter (February 5, 2019). "Former Puppet CEO Sanjay Mirchandani Named CEO Of Commvault". Forbes.
- ^ Kovar, Joseph (February 5, 2019). "Commvault Hires Former Puppet Master Sanjay Mirchandani As New CEO". CRN.
- ^ Kovar, Joseph (September 4, 2019). "Commvault To Acquire Hedvig In $225M Deal, Speeding Up Software-Defined Storage Vision". CRN.
- ^ Adshead, Antony (October 16, 2019). "Commvault adds Metallic SaaS backup and Hedvig features". Computer Weekly.
- ^ Mellor, Chris (2022-09-22). "Commvault adds malware honeypots to Metallic". Blocks and Files. Retrieved 2024-05-14.
- ^ Kovar, Joseph F. "Commvault Acquires Appranix In Cyber Resilience Move". www.crn.com. Retrieved 2024-05-14.
- ^ Mitchell, Sean (2024-09-24). "Commvault to acquire Clumio to boost AWS data protection". SecurityBrief Australia. Retrieved 2024-09-25.
- Software companies of the United States
- Software companies based in New Jersey
- Companies based in Monmouth County, New Jersey
- Tinton Falls, New Jersey
- Software companies established in 1996
- Companies listed on the Nasdaq
- Backup software
- Data protection
- Data management software
- Disaster recovery
- 2006 initial public offerings
- 1996 establishments in the United States
- 1996 establishments in New Jersey
- Companies established in 1996
- Companies in the S&P 400