COMMVAULT SYSTEMS INC

Commvault Systems, Inc.

Overview

Commvault provides cyber resilience and data protection solutions to help enterprises protect, secure, and recover data, applications, and identity systems during cyber incidents. Its core platform, Commvault Cloud, is a cloud-native solution that unifies data protection, cyber recovery, data security, and governance across on-premises, hybrid, multi-cloud, and SaaS environments.

Deployment options include Commvault-hosted SaaS, customer-managed software, integrated appliances, and delivery through partners, cloud service providers, and managed service providers. The primary revenue model is subscription-based (SaaS and term subscriptions), supplemented by perpetual licenses, customer support, and professional services.

Platform and solution packages

Commvault Cloud is organized into three solution packages:

• Operational Recovery: core backup and recovery across hybrid workloads (physical servers, VMs, containers, databases, endpoints, and SaaS apps) with secure data protection, granular recovery, and policy-based cloud data movement.
• Autonomous Recovery: automation, orchestration, and validation to reduce recovery times and operational complexity; supports automated disaster recovery and cyber recovery across on-premises, cloud, and hybrid environments, including replication, automated failover/failback, recovery validation, and orchestrated workflows.
• Cyber Recovery: capabilities for cyber preparedness, threat detection, and clean recovery to minimize impact and enable fast recovery after cyber incidents; focuses on identifying risks, detecting anomalies or indicators of compromise, validating recovery integrity, and recovering clean data at scale.

Complementary capabilities

• Commvault Cleanroom Recovery: isolated cloud recovery environment for testing, forensics, and recoveries without touching production systems.
• Commvault HyperScale Grid: scale-out data protection for enterprise environments transitioning to virtualized, containerized, or hybrid architectures (appliance or configurable infrastructure).
• Commvault HyperScale Flex: petabyte-scale data protection with disaggregated compute and storage (external storage).
• Commvault Threatscan: analyzes backup data for malware, ransomware activity, and suspicious changes to support recovery to a known clean state.
• Commvault Cloud Air Gap Protect: isolated cloud storage to protect backups from unauthorized access or compromise.
• Compliance capabilities (add-on): data preservation in unaltered states with reporting, auditing, and logging for legal and regulatory needs.
• Commvault Cloud Rewind: data recovery with automated cloud application and infrastructure rebuild for outages or cyber incidents.
• Clumio Backtrack: cloud-object and dataset versioning to revert to prior points in time (S3, DynamoDB, Google Cloud Storage) for accidental deletions, corruption, or encryption events.

The platform supports cloud-native workloads, containerized applications, SaaS platforms, and AI-driven data environments, with attention to data residency and regulatory compliance.

Customers and market

Commvault serves a global, diversified customer base that includes large enterprises, small and mid-sized businesses, and government agencies across regulated industries such as banking and financial services, insurance, government, healthcare, technology, legal, manufacturing, and energy/utilities.

People, intellectual property, and leadership

• Employees: approximately 3,300 worldwide as of March 31, 2026 (about 36% in the United States; 64% international).
• Patents: more than 1,600 patents issued worldwide as of March 31, 2026.
• Trademarks: 8 trademarks; over 200 trademark registrations and pending applications globally.

Executive officers (as of May 7, 2026):

• Sanjay Mirchandani — President and Chief Executive Officer
• Gary Merrill — Chief Financial Officer
• William Geoffrey ("Geoff") Haydon — President of Customer and Field Operations
• Danielle Abrahamsen — Chief Accounting Officer

Financial and capital structure highlights

• Research and development (R&D) spend:
  • Fiscal 2026: $162.2 million (14% of total revenues)
  • Fiscal 2025: $146.3 million (15% of total revenues)
  • Fiscal 2024: $132.3 million (16% of total revenues)
• The company has shifted toward subscription and SaaS models, which increase revenue visibility while also creating ongoing costs for SaaS infrastructure and cloud hosting.
• Indebtedness and capital structure:
  • $900 million aggregate principal amount of 0% Convertible Senior Notes due 2030.
  • A revolving credit facility (undrawn as of March 31, 2026).
  • The convertible notes are senior unsecured; conversion may result in cash, shares, or a combination depending on settlement terms, with certain cap arrangements in place.
  • The company operates under ongoing debt covenants that affect liquidity and flexibility.

Go-to-market and partnerships

• Significant indirect channels: resellers, distributors, systems integrators, OEMs, and cloud marketplaces. Resellers are a primary channel and are non-exclusive.
• Marketplace programs enable procurement via cloud platforms and are subject to platform policies.
• Partner revenue concentration:
  • Partner A accounted for approximately 32%, 35%, and 36% of total revenues for the years ended March 31, 2026, 2025, and 2024, respectively.
  • Partner B accounted for approximately 11% of total revenues for the year ended March 31, 2026; revenues from Partner B were under 10% in 2025 and 2024.
• Strategic partnerships include alliance and technology partners for interoperability, channel partners for distribution and integration, service providers and cloud hyperscalers, and cybersecurity and AI ecosystem partners to enhance threat detection, data governance, and recovery workflows.

Corporate

• Commvault was incorporated in Delaware in 1996.
• The company posts investor information and regulatory filings on its Investor Relations site and files required reports with the SEC.