Commvault Systems, Inc. is an American publicly traded

data protection Data protection may refer to: * Information privacy, also known as data privacy * Data security {{Authority control ...

and

data management Data management comprises all disciplines related to handling data as a valuable resource, it is the practice of managing an organization's data so it can be analyzed for decision making. Concept The concept of data management emerged alongsi ...

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 Beijing, Chinese postal romanization, previously romanized as Peking, is the capital city of China. With more than 22 million residents, it is the world's List of national capitals by population, most populous national capital city as well as ...

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and

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History

Commvault was originally formed in 1988 as a development group in

Bell Labs Nokia Bell Labs, commonly referred to as ''Bell Labs'', is an American industrial research and development company owned by Finnish technology company Nokia. With headquarters located in Murray Hill, New Jersey, Murray Hill, New Jersey, the compa ...

focused on data management, backup, and recovery; it was later designated a business unit of AT&T Network Systems. After becoming a part of

Lucent Technologies Lucent Technologies, Inc. was an American Multinational corporation, multinational telecommunications equipment company headquartered in Murray Hill, New Jersey, Murray Hill, New Jersey. It was established on September 30, 1996, through the div ...

, the unit was sold in 1996 and became a corporation, with Scotty R. Neal as CEO. In March 1998, Bob Hammer joined Commvault as chairman, president and CEO, and Al Bunte joined as vice president and COO. In 2000, the company began releasing products aimed at managing network storage. In March 2006, Commvault filed for an

initial public offering An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investm ...

, and officially went public later that year as CVLT on

NASDAQ The Nasdaq Stock Market (; National Association of Securities Dealers Automated Quotations) is an American stock exchange based in New York City. It is the most active stock trading venue in the U.S. by volume, and ranked second on the list ...

. At the end of 2013, the company moved from its space in

Oceanport, New Jersey Oceanport is a borough situated in the Jersey Shore region, within Monmouth County, in the U.S. state of New Jersey, specifically Central Jersey. As of the 2020 United States census, the borough's population was 6,150, an increase of 318 (+5.5 ...

, to its new headquarters at the former

Fort Monmouth Fort Monmouth is a former installation of the Department of the Army in Monmouth County, New Jersey and the site of a major upcoming Netflix film production campus, alongside a variety of other redevelopment. The site is surrounded by the commun ...

in Tinton Falls, New Jersey. On February 5, 2019, Sanjay Mirchandani replaced the retiring Hammer as president and CEO, and Nick Adamo was announced as chairman of the board. Mirchandani joined Commvault from

Puppet A puppet is an object, often resembling a human, animal or Legendary creature, mythical figure, that is animated or manipulated by a person called a puppeteer. Puppetry is an ancient form of theatre which dates back to the 5th century BC in anci ...

, an Oregon-based IT automation company, where he served as CEO.

Acquisitions

On 4 September 2019, Commvault announced that it would acquire software-defined storage startup Hedvig, with the acquisition valued at $225 million. The acquisition was completed in October 2019. On 1 February 2022, Commvault announced that it has acquired Israel based cyber security company TrapX. On the 16th of April 2024, Commvault announced the acquisition of Appranix, a company specializing in Cyber Recovery in cloud platforms. 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.

References

{{Authority control 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

History

Acquisitions

See also

References