Commvault
Overview
Commvault, founded in 1996, is a leading provider of data protection and cyber resilience solutions. Headquartered in Tinton Falls, New Jersey, the company was initially a business unit of AT&T before becoming independent. As of August 2025, Commvault has successfully raised an undisclosed amount in funding and is publicly traded under the ticker CVLT on the NASDAQ. The company was co-founded by key figures, including Bob Hammer and Al Bunte, and has grown to employ approximately 3,300 individuals globally.
Recent Developments
- July 2025: Commvault announced its intent to acquire Satori Cyber, a data and AI security company, which is expected to close in August 2025. This acquisition aims to extend Commvault’s foundational data and AI security capabilities.
- April 2025: Commvault released its fiscal 2025 fourth-quarter financial results, highlighting a total revenues increase to $996 million, marking a 19% growth year-over-year.
- March 2025: At the HIMSS global health conference, Commvault showcased technologies for rapid recovery of Electronic Health Records (EHR), emphasizing cybersecurity resilience in the healthcare sector.
- January 2025: The company was recognized as a leader for the 14th consecutive time in the Gartner Magic Quadrant for Backup and Data Protection Platforms.
- December 2024: Commvault closed its acquisition of Clumio, enhancing its capabilities in cloud data protection and making significant inroads into AWS service offerings.
Company Information
| Attribute | Information |
|---|---|
| Founding Date | 1996 |
| Headquarters | Tinton Falls, New Jersey, USA |
| Founders | Bob Hammer, Al Bunte, and others |
| Revenue | Approx. $995.6 million (2025) |
| Profits | Approx. $74 million operating income in 2025 |
| Key Investors | Not publicly disclosed |
| Industry | Data Protection, Cyber Resilience |
| Number of Employees | 3,300 |
| Subsidiaries | Appranix, Clumio |
Early History
Commvault initially started as a development group within Bell Labs in 1988, focusing on data management, backup, and recovery. Over time, this group evolved into a part of AT&T Network Systems, and after a series of corporate reorganizations, it was spun off to form an independent entity in 1996. The founding team included industry veterans, with Bob Hammer taking over as CEO in 1998, steering the company's focus towards enterprise data management solutions.
Company Profile and Achievements
Commvault offers an extensive range of solutions under its cyber resilience platform, which includes cloud-based data protection, operational recovery, and cyber recovery measures. Key achievements include:
- Acquisitions: Commvault has strategically acquired companies like Clumio and Satori Cyber to advance its capabilities in cloud data protection and AI security solutions.
- Industry Recognition: Regularly lauded by Gartner in the Magic Quadrant for backup and data protection, affirming its leadership status.
- Innovation: Introduction of AI-driven developments such as post-quantum security enhancements and automated cyber recovery solutions.
- Partnerships: Collaborations with prominent firms like Deloitte, HPE, and Kyndryl to enhance incident response and cyber resilience strategies.
- Financial Performance: Despite economic challenges, Commvault has consistently reported robust financial performances with significant growth in subscription revenue.
Current Operations and Market Position
As of 2025, Commvault maintains a strong presence in data management and cyber resilience, serving over 100,000 organizations globally. The company continues to innovate with offerings like HyperScale X and Air Gap Protect, which bolster its leadership in the market. Recent enhancements, including partnerships and new security features, align precisely with current industry demands, which are increasingly pushing towards integrated, cloud-based data protection solutions, thereby positioning Commvault as a key player in the sector.
Conclusion
Commvault has established itself as a formidable entity in the realm of data protection and cyber resilience. The company's forward-thinking strategies, coupled with strategic acquisitions and robust partnerships, have cemented its place as a leader among IT and data management solutions providers. Looking forward, Commvault is expected to continue this trajectory, especially with growing demands for comprehensive cyber resilience platforms across various industries.