About Commvault Systems, Inc.
Commvault Systems wants to have a lock on data management. The company provides software, including cloud-based programs that customers use to store and manage enterprise data. Its Commvault Data Platform handles resource management, backup, archiving, data replication, disaster recovery, and search. Altogether Commvault counts more than 26,000 customers that come from industries such as financial services, health care, manufacturing, and utilities, as well as from the public sector. Commvault's strategic partners include systems integrators and professional services firms, distributors and resellers, and technology providers. Nearly 60% of its revenue comes from US customers.
Commvault's software products cover data protection, backup and recovery, cloud and infrastructure management, and retention and compliance. Specific offerings are Commvault HyperScale Technology, Commvault HyperScale Software, and Commvault HyperScale Appliance. Software accounts for more than 40% of revenue.
The services segment, which generates nearly 60% of revenue, includes customer support, technical services, professional services, and training.
Commvault, headquartered in Tinton Falls, New Jersey, operates from several offices in the US. It has over 45 locations scattered across the Americas, EMEA, and Asia. The US is Commvault's largest market, accounting for nearly 60% of sales, EMEA nearly 30%, and Asia more than 10%.
Sales and Marketing
Commvault primarily uses a direct sales force to sell Commvault Data Platform software to businesses and government agencies of all sizes. The company has licensed its software to more than 26,000 registered customers in banking, insurance and financial services, government, healthcare, pharmaceuticals and medical services, technology, legal, manufacturing, utilities, and energy.
Partnerships are an essential component of its sales strategy. Companies such as Citrix, Microsoft and NetApp resell Commvault software and in some cases incorporate the software into their own hardware.
Indirect sales channels account for about 85% of the company's software and products sales. Commvault gets more than 35% of revenue through its agreement with distributor Arrow Enterprise; it includes sales to the US federal government.
Except in 2020, the company's revenue has been rising in the last few years. Despite the decrease in 2020, the company's revenue has an overall growth of 13% between 2016 and 2020.
CommVault had a revenue of $670. 9 million in 2020, a 6% decrease compared to the previous year. Both of the company's segments had lower sales volume.
For the year ended 2020, the company suffered a net loss of $5.6 million, a decrease of $9.2 million, compared to the previous year.
The company's cash for the year ended 2020 totaled $296.1 million. Operating activities generated $88.5 million, while investing activities used $74 million. Financing activities used Another $39.4 million.
An important element of Commvault's strategy is to establish relationships with third parties that assist the company in developing, marketing, selling and implementing our software and services. CommVault believes that strategic and technology-based relationships with industry leaders are fundamental to its success. CommVault has forged numerous relationships with a software application and hardware vendors to enhance its combined capabilities and to create the optimal combination of data and information management applications. This approach enhances the company's ability to expand its product offerings and customer base and to enter new markets.
The company maintains strategic product and technology relationships with major industry leaders to ensure that its software applications are integrated with, supported by and add value to its partners' hardware and software products. The company's corporate resellers also bundle or sell the company's software applications together with their own products, and its value-added resellers resell CommVault's software applications independently. Additionally, the company works closely with its Global Original Equipment Manufacturer ("OEM") Partners, investing significant time and resources to deliver unique, joint solutions incorporating Commvault software.
The company was founded as an independent segment of
1 Commvault Way
Tinton Falls, NJ 07724-3096
Phone: 1 (732) 870-4000
Employer Type: Publicly Owned
Stock Symbol: CVLT
Stock Exchange: , NASDAQ
EVP, COO, and Director: Alan G. Bunte
VP Finance and CFO: Brian Carolan
Chairman, President, and CEO: N. Robert Hammer
Employees (This Location): 353
Employees (All Locations): 2,533
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