A Brief History of Commvault Systems, Inc. (CVLT)

Commvault Systems, Inc. is a data protection and information management software company headquartered in Tinton Falls, New Jersey. The company was founded in 1996 by Bob Hammer and started as a development project within Bell Labs, a research and scientific development company.

Commvault released its first data management software, Galaxy, in 1998, which was designed to help companies manage and protect their data more effectively. The software was well-received in the industry and helped establish Commvault as a key player in the data management space.

In 2006, Commvault went public on the NASDAQ stock exchange under the ticker symbol CVLT. The company continued to innovate and expand its product offerings, introducing new features such as cloud integration and data analytics capabilities.

Over the years, Commvault has acquired several companies to enhance its offerings and reach new markets. Some of the notable acquisitions include Simpana, Hedvig, and Metallic. These acquisitions have helped Commvault strengthen its position in the data protection and management industry.

• 1996: Commvault Systems, Inc. is founded by Bob Hammer.
• 1998: The company releases its first data management software, Galaxy.
• 2006: Commvault goes public on the NASDAQ stock exchange.
• 2015: The company acquires Hedvig, a software-defined storage company.
• 2019: Commvault introduces Metallic, a SaaS-based data protection platform.

Who Owns Commvault Systems, Inc. (CVLT)

Commvault Systems, Inc. (CVLT) is a publicly traded company, which means that it is owned by shareholders who hold stock in the company. The largest shareholders of Commvault Systems, Inc. are institutional investors such as mutual funds, pension funds, and hedge funds.

As of the latest available information, some of the major institutional shareholders of Commvault Systems, Inc. include:

• Vanguard Group Inc.: Vanguard Group Inc. is one of the largest investment management companies in the world and is known for its index mutual funds. They own a significant portion of Commvault Systems, Inc. stock.
• BlackRock Inc.: BlackRock is another major institutional investor that holds a substantial stake in Commvault Systems, Inc. They are known for offering a wide range of investment products.
• State Street Corporation: State Street Corporation is a financial services company that provides investment management services to institutional investors. They also own a significant amount of Commvault Systems, Inc. stock.

Additionally, individual investors and company insiders also own shares of Commvault Systems, Inc. These stakeholders may include members of the company's management team, board of directors, and employees who have been granted stock options or restricted stock units.

Commvault Systems, Inc. (CVLT) Mission Statement

At Commvault Systems, Inc., our mission is to deliver world-class data management solutions that help organizations safeguard their data, reduce risks, and maximize the value of their information assets. We strive to empower businesses to efficiently manage their data across hybrid cloud environments, enabling them to drive innovation, make informed decisions, and achieve their strategic goals.

Our commitment to excellence is reflected in our innovative products and services, which are designed to address the evolving data management needs of modern enterprises. By leveraging cutting-edge technologies and industry best practices, we provide our customers with reliable, scalable, and cost-effective solutions that enable them to stay ahead of the competition and thrive in a data-driven world.

• Safeguard Data: We are dedicated to helping organizations protect their data from loss, theft, and corruption, ensuring business continuity and regulatory compliance.
• Reduce Risks: We work towards minimizing data-related risks by providing comprehensive backup, recovery, and compliance solutions that meet the highest security standards.
• Maximize Value: Our goal is to help businesses unlock the full potential of their data assets by enabling them to extract actionable insights, improve operational efficiency, and drive growth.
• Empower Businesses: We empower organizations to take control of their data management processes, enabling them to make smarter decisions, enhance collaboration, and achieve their strategic objectives.

How Commvault Systems, Inc. (CVLT) Works

Commvault Systems, Inc. is a data protection and information management software company that provides solutions for backing up, restoring, archiving, and managing data across various platforms and locations.

One of the key components of Commvault's offerings is its flagship software product, Commvault Complete Backup & Recovery, which provides a single platform for managing all aspects of data protection and recovery.

• Data Backup: Commvault's software allows organizations to create backups of their data, whether it is located on-premises, in the cloud, or in a hybrid environment.
• Data Recovery: In the event of data loss or corruption, Commvault enables users to quickly restore their data to its original state, minimizing downtime and ensuring business continuity.
• Data Archiving: Commvault helps organizations archive data that is no longer actively used but still needs to be retained for compliance or other purposes. This ensures that valuable data is stored efficiently and securely.
• Data Management: Commvault's software provides tools for managing data across its entire lifecycle, from creation to deletion. This includes features for data deduplication, compression, and encryption.

Commvault Systems, Inc. works with a wide range of customers, including enterprises, government agencies, and service providers, to help them protect and manage their data effectively. The company's solutions are designed to be scalable, flexible, and easy to use, making them suitable for organizations of all sizes and industries.

How Commvault Systems, Inc. (CVLT) Makes Money

Commvault Systems, Inc. generates its revenue through a variety of services and products in the data management and protection industry. Below are some of the key ways in which the company makes money:

• Software Licensing: Commvault offers software solutions for data management, backup, and recovery. Customers purchase licenses for these software products, providing a significant source of revenue for the company.
• Subscription Services: In addition to software licensing, Commvault also offers subscription services for its products. Customers can choose to pay a recurring fee for access to software updates, support services, and cloud integration.
• Professional Services: Commvault provides professional services such as implementation, training, and consulting to help customers optimize their use of the company's products. These services contribute to the company's revenue stream.
• Hardware Sales: While Commvault primarily focuses on software solutions, the company also generates revenue from the sale of hardware appliances that are pre-configured to work with its software.
• Cloud Services: As more companies move towards cloud-based storage solutions, Commvault has started offering cloud services to help customers manage and protect their data in the cloud. This has become an increasingly important revenue stream for the company.