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Commvault

Company

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Revenue and Net Profit millions $

Number of employees
2016 year
2000

Assets

+ Commvault

Commvault is an American developer of business application security and information lifecycle management software.

Commvault is headquartered in Tinton Falls, New Jersey in the United States.

Areas of activity

Infrastructure Software:

  • Data protection
  • Archiving
  • IT Environment Monitoring
  • IS components including Ransomware protection

The main technology feature of COMMVAULT software is the creation of a single Tier 2 storage repository and a single process control point.

Partner Program

Main article: Commvault Partner Program

Performance indicators

2021: Revenue growth 8% to $723.5 million

On May 7, 2021, Commvault shared the TAdviser results of 2021 financial. Total regular income for the year grew by 24% to 145.6 million. dollars For the entire fiscal year, total revenue was $723.5 million, exceeding the results of fiscal 2020 by 8%.

Commvault's revenue for fiscal 2021 grew by 8%
Photo source: planteriagroup.com

Annual regular income (ARR), which accounts for all active regular revenues of Commvault for the year to the end of the reporting period, was $517.9 million as of March 31, 2021, a 15% increase over ARR as of March 31, 2020.

Net loss at the end of the 2021 fiscal year according to GAAP amounted to about $31 million (against $5.6 million at the end of the 2020 fiscal year). Non-GAAP net income reached $101.1 million (vs. $67.5 million a year earlier).

Growth in software and product revenue for the year resulted in a 39% increase in revenue from major contracts (these include software and product supply contracts over $0.1 million).

Software and product sales revenues for the full fiscal year increased 19% from fiscal 2020 to $326.8 million. Growth in software and product revenue for the year provided a 26% increase in revenue from large contracts. Large contracts generated 69% of our software and product shipments in fiscal 2021. The number of transactions related to large contracts increased by 12% compared to the 2020 financial year to 673 transactions. The average size of transactions related to large contracts amounted to approximately 335 thousand dollars, exceeding the indicators of the previous year by 13%.

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We are pleased to announce that Commvault ended the quarter and entire fiscal year with record profits and a significant increase in material operating margins. We have a very strong portfolio of products and solutions, as well as plans for their further development, our team is focused on achieving our goals and the market positively perceives our strategy. We are constantly working to help the digital transformation of our customers' businesses, these efforts have already brought tangible results, and we are confident that our growth will continue into the next financial year,
stated Sanjay Mirchandani, President and CEO of Commvault.
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Business in Russia

2022: Commvault closed its representative office in Russia and the CIS, but is thinking about a partial return

Commvault closed the office and terminated employment contracts with employees of the Russian representative office, but obligations under already concluded contracts with customers continue to be fulfilled through partners. In mid-September 2022, one of the former employees of the representative office told TAdviser about this. First of all, we are talking about service contracts.

Among the partners of Commvault in Russia are Jet Infosystems, Mont, MTS Cloud, Softline, Marvel Distribution and a number of others. Judging by the open information, among the large customers of Commvault in Russia are companies such as Rusal and Alrosa. In the last 2-3 years, the purchase of solutions of this vendor was carried out by Uralchem, Rosstat and a number of others. And knowledge and experience of working with the Commvault backup system as a requirement in a number of vacancies for engineers on the HH recruiting portal can also be found at a number of banks, the National Payment Card System, and the Infogorod State Institution.

Back in March, against the backdrop of the Russian-Ukrainian conflict, Commvault announced its intentions to stop all commercial operations in the country. The products of the American vendor are no longer supplied to Russia.

Commvault entered into the first distribution agreements in Russia in 2007 "(photo - Telecom Mirror)"

According to a former employee, the staff of the Russian representative office of Commvault was small. Regional Director of Commvault in Russia and the CIS Ivan Zasokhlin, who has worked in this position since 2018, according to the source, will continue his career by collaborating with the Chinese vendor ZStack. Ivan Zasokhlin plans to act as one of the official representatives of ZStack in Russia.

Since the Russian office was also responsible for the work of Commvault in the CIS countries, with its dissolution, the company's activities were interrupted throughout the region, and not only in Russia. According to the former employee, the vendor is considering the possibility of returning to the markets of the CIS countries, with the exception of Russia. For this, several people can be hired in some CIS countries.

Commvault reported in May that the Russian market accounted for only about 1% of its global revenue[1] And in August, the vendor's general director Sanjay Mirchandani noted that the material effect directly from leaving Russia for the company turned out to be small, but the Russian-Ukrainian conflict affects the market in Europe, causing a chain effect: customers have become more cautious and are more often guided by the principle of "twice measure, one cut"[2]

2021

On May 26, Commvault will participate in TAdviser SummIT offline

On May 26, Commvault will take part in the TAdviser Summit, which will be held in a traditional offline format. We invite you to attend the speech of Evgeny Pukhov, Director of Technology Development at Commvault, on the topic "The Synergistic Effect of a Single Platform and Innovative Technologies for Data Protection." Eugene will talk about new data protection solutions, intelligent data management, how to counter modern threats and how to turn your data into a managed asset.

On March 24, Commvault will participate in the TAdviser IT in Industry conference

We invite you to attend the speech of Evgeny Pukhov, technical consultant at Commvault, which will be held at 11:00 to find out how to strengthen control over the safety of your data and choose the best solution. The presentation will present a comprehensive backup and recovery solution from Commvault.

2020: The future lies with those willing to work with data

In the current reality, when changing business models from offline to online, many organizations are faced with an exponential increase in incoming data that needs to be identified, classified, stored and protected, and do all this according to the laws. For most organizations, managing sensitive or sensitive data is no easy task.

About 80% of all stored data is unstructured, and it is they that can represent a critically vulnerable blind spot, weakly manageable.

Join Evgeny Pukhov, Technology Development Expert at Commvault, on June 30 in 11.10 at the TAdviser online conference Managing Data in New Environments and learn about a solution for extracting information from data to meet regulatory and regulatory requirements and build business intelligence. Reduce risk, protect reputation, and ensure compliance with regulators!

2018: Ivan Zasokhlin - Head of Russia and CIS Representative Office

Commvault on December 18, 2018 announced the appointment of Ivan Zasokhlin as Regional Director in Russia and the CIS. Read more here.

Andrey Vyshlov, who has held this position since September 2016, has been appointed to a senior position in the EMEA region.

2015

Russia In 2015, the main consumers of CommVault products, which are based on a single Common Technology Engine architecture, are organizations and enterprises, state financial manufacturing, oilgas telecommunication and sectors.

In 2018, the company mentioned Alrosa among its clients.

History

2020

Distribution Agreement with ERC

On September 29, 2020, Commvault announced that it had entered into distribution an agreement Ukrainian IT with the distributor. ERC (Enhanced Resource Company) More. here

Enter into a strategic partnership agreement with Microsoft

On July 2, 2020, Commvault announced the conclusion of a long-term strategic partnership agreement with Microsoft, which provides for the launch, development and sale of a portfolio of data protection solutions Commvault Metallic Software-as-a-Service (SaaS) in close integration with Microsoft Azure for scalability and security along with simple data management . Read more here.

2019

Announcement of the SaaS-ßÑÓó¿ß«ó Metallic

On October 15, 2019, the company Commvault announced the entry into the venture brand market -. Metallic Metallic offers a portfolio with Software-as-a-Service (SaaS) which customers can protect their and, files data applications within stored the corporate, in and IT clouds in the hybrid infrastructure. More. here

Purchase of software-defined storage developer Hedvig for $225 million

In early September 2019, Commvault announced the acquisition of software-defined storage developer Hedvig for $225 million. Read more here.

Appointed VP Customer Service and Head of Revenue Accounting

On May 16, 2019, the company global Commvault leader software in governance data clouds in and within corporate, IT infrastructures announced the appointments. Riccardo Di Blasio will take the position of Chief Revenue Officer Sandra Hamilton. And appointed to the position of Vice President of Customer Success. More details and. here here

Commvault President and Chairman Appointed

Commvault on February 5, 2018 announced the appointment of Sanjay Mirchandani as President and Chief Executive Officer (CEO) of the company. In this post, he succeeded Bob Hammer. In turn, Nick Adamo took over as chairman of the company's board of directors instead of Hammer.

Al Bante, who has worked with Hammer for more than 20 years at Commvault, is stepping down as Chief Operating Officer, retaining his seat on the company's Board of Directors. Together with Hammer, who also retained his seat on the Board of Directors as Chairman Emeritus, Bante will continue to work for the company during the transition period. Upon its completion, Hammer will leave the company on March 31, 2019.

2018: Commvault shareholders fire CEO after 20 years in charge

In May 2018, the manufacturer of software solutions for managing and protecting data Commvault announced the resignation of Neill Robert Hammer from the position of CEO, which he held for about 20 years. The resignation came under pressure from shareholders. Read more here.

The following are some of the new and existing Commvault customers and service providers that expanded their investments in Commvault's portfolio of data management solutions and/or services in the fourth quarter of fiscal 2018:

  • APRA AMCOS
  • Centric Netherlands B.V.
  • Congruity360 (MSP)
  • San Mateo County Administration
  • CRIF High Mark Credit Information Services Private Limited
  • Department of Veterans Affairs
  • DSP Group (Israel)
  • Eusko Trenbideak – Ferrocarriles Vascos S.A.
  • First Ontario Credit Union
  • Fortescue Metals Group Ltd
  • GEICO
  • Getty Images
  • Hardis
  • H. Kemper GmbH & Co. KG
  • Hitachi
  • IB Salut
  • MACA Mining Pty Ltd
  • Meridian IT Inc.
  • Northern Health & Social Care Trust
  • NOVIPRO
  • Parkland Fuel Corporation
  • PayU Payments Private Limited
  • RACQ Insurance Limited
  • Seneca College of Applied Arts & Technology
  • Singapore Institute of Technology
  • The County of Sacramento Sanitation Districts Agency (SDA)
  • ThinkOn
  • U.S. Coast Guard
  • U.S. Department of Labor
  • United Electronic Market Place
  • Venkys (India) Limited
  • Vesuvius
  • WA Super

2017

Strategic Partnership with Google

Commvault on November 9, 2017 announced a strategic partnership with Google Corporation that will help enterprises use the various cloud services available on the Google Cloud Platform.

The strategic partnership between Commvault and Google will empower businesses to transform their businesses by implementing a one-stop-shop data management solution, including backup, recovery, management and discovery of data within the enterprise, on the Google Cloud Platform and other cloud environments.

By supporting all four content repository storage classes of the Google Cloud Platform (Coldline, Nearline, Regional, and Multi-Regional), Commvault helps customers optimize their cloud investments by balancing data access and storage costs.

Commvault's data compression and global de-publishing technologies help businesses quickly move large amounts of data to the Google Cloud Platform while delivering cost efficiencies. The Commvault platform provides a complete picture of the health of data stored both within the enterprise and in the cloud, simplifying data management and compliance with related legal requirements, and reducing storage costs. When using the Commvault platform, data is transferred and stored using standard encryption mechanisms, which provides an additional layer of security.

Commvault provides Google Cloud Platform customers with the ability to securely manage, move, and use data. Commvault supports most enterprise-class applications that can run in the Google Cloud Engine cloud, including various file systems, and Windows Unix , Linux applications and, databases SAP Exchange, and, Oracle DB2 as well as applications for working with, big data including GPFS, and. Mongo DB Hadoop Commvault also offers data management features on the Google Cloud Platform for GSuite suite applications such as Gmail and Google Drive, including backup, recovery and data management.

In general, Commvault support for the Google Cloud Platform provides:

  • Data protection for large-scale lift-and-shift cloud migration projects.
  • Quick, comprehensive search across multiple cloud stores with search results displayed in a single window.
  • Support for data management, movement and use for all four classes of Google Cloud Storage: Coldline, Nearline, Regional and Multi-Regional.
  • Data redundancy for any class of Google Cloud Storage.
  • The ability to recover data where it is needed - in an enterprise data center, in another storage, in the same cloud, or in another cloud.
  • Optimization - data storage Create large deduplicated storage pools with granular control of data and application movement between clouds or between regions within the same cloud.
  • Fast, secure data protection for enterprise-class applications running on the Google Cloud Platform:
    • Applications including standard Windows and Linux file systems.
    • Applications and databases such as SQL Exchange, Oracle, and DB2.
    • SaaS apps, such as Office 365.
    • Big data applications such as GPFS, MongoDB, and Hadoop.
    • Backup custom applications using Commvault APIs.

  • Support and Gmail - Google Drive centrally managed data backup and recovery from Google Cloud Platform using a single Commvault platform.

Developing Collaboration with Cisco

Commvault announced on September 28, 2017 that Cisco will soon begin supplying Commvault software to its customers as part of certified (Cisco validated) data protection solutions for data centers. Already in October 2017, Commvault solutions will be included in Cisco's global price list.

Commvault joins the Cisco Solutions Plus Program at a time when customers are faced with significant data growth that requires storage, management, and analysis, as well as ever-increasing information security risks. Commvault's data management platform addresses these threats, the company said.

As noted, customers have been implementing Commvault Software and solutions on the Cisco hardware platform for several years using Cisco Validated Design (CVD) and reference architectures as guides for pre-design inspection and implementation. By expanding its alliance with Cisco, Commvault makes it easier for customers to implement single-stack solutions.

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Taking into account the position of Cisco in the market of Russia and the CIS countries, we see in this expansion of cooperation the opportunity to offer our solutions to more interested customers. Cisco's advanced storage technologies will be enhanced by the capabilities provided by Commvault and will allow our customers to better respond to the increasing requirements for the availability of modern IT systems, "said Andrey Vyshlov, Regional Director of Commvault Russia and the CIS.
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2016

Integration with SAP HANA

On November 22, 2016, Commvault announced the launch of functionality to integrate its technology developments for the secure storage of corporate information with SAP HANA on IBM Power Systems.

According to the company, the integration supports SAP and Commvault common customers through automated protection of enterprise data, snapshots, and SAP HANA management in test and development environments. SAP HANA customers have the opportunity to strengthen information protection and speed up the processing of large amounts of data, improve the efficiency of IT processes and turn their data into a strategic asset.

Commvault as a partner of SAP Software Solutions provides an automated backup and recovery solution for SAP HANA, including SAP S/4HANA and other versions.

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By launching this integration, Commvault makes sure that SAP HANA users can sleep well at night, knowing that their data is securely stored and can be quickly recovered when needed. Commvault's successful certification of SAP HANA on IBM Power Systems strengthens our partnership with SAP and shows that we work hand in hand to give our mutual customers confidence that their data is protected.

Brian Brockway, chief technology officer at Commvault
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SAP HANA customers can use Commvault to quickly recover data, including from a specific point in time, quickly launch and update SAP HANA development and test environments, and clone databases from snapshots without disrupting business processes. In addition, Commvault is tightly integrated with SAP HANA Studio and SAP HANA Cockpit to simplify the self-service mode of database administration and better monitor information protection tasks.

Joint lab with Huawei to develop solutions for information protection, data management and cloud services

In September 2016, Commvault and Huawei announced a joint laboratory in Chengdu, China. The lab will develop backup, recovery, and archiving solutions, as well as cloud-based solutions based on technology from both companies. Commvault and Huawei will allocate employees, software, and equipment for the laboratory, in which test and development centers will be organized, as well as a briefing center for managers. The lab will be engaged in ensuring full compatibility between the fresh releases of both companies. She will also focus on creating, testing and demonstrating cloud backup solutions, developing Data Protection-as-a-Service solutions and other innovative areas that expand the capabilities of both companies. Read more: Huawei

Backup and archiving is the foundation of the business

In 2016, the most popular functionality of Commvault since the creation of the company remains backup and archiving of data. Due to the fact that the system core (CONTENTSTORE) is a horizontally scalable platform with flexible mechanisms for processing, indexing and storage of data - new functions are added with each new product release, which can work without changing the internal architecture. In addition, since 2015, version 11 has an open source software API that allows technology partners and customers to independently program and implement new data processing modules.

In addition to backing up and archiving data (including on user workstations) and applications, Commvault offers contextual search, data analytics, monitoring productive systems with control of all kinds of message logs, virtual resource management, a powerful web portal for users to work independently with sharing access rights. In terms of information security, the product closely integrates with information security modules on the application side, helps to implement the requirements of regulators for information protection, as well as ensure compliance with internal corporate regulations of the organization.

A unified vision and commitment to improving data management technologies today and in the future has enabled Commvault to create Singular Information Management solutions for high-performance data protection, universal access, and simplified information management across complex storage networks. An architecture with a single Commvault platform gives companies control over data volume, cost, and risk. All software products from Commvault Simpana are integrated with each other and, using common code and a common set of functions, provide the ability to protect data, archive, replicate, search and manage resources.

1996: Separate Company

The company was established in 1988 as a development group at Bell Labs, after which it spun off into the strategic division of AT&T Network Systems. Since 1996, it has been operating independently.

Notes


Stock price dynamics

Ticker company on the exchange: NASDAQ:CVLT