Commvault Systems, Inc. reports on cyber resilience software, data protection, identity resilience, and cloud recovery for enterprise environments. Company news centers on Commvault Cloud, Clumio, and Commvault Flex, including support for hyperscale cloud storage, Red Hat OpenShift Virtualization, immutable SaaS backups, air-gapped recovery, and AI-related data governance.
Recurring updates also cover subscription and SaaS revenue trends, annual recurring revenue, cash flow, partner ecosystem expansions, product demonstrations, and leadership appointments. The company sells software licenses and services to large enterprises, small and midsize businesses, and government agencies through direct sales and reseller partners.
Commvault (CVLT) has appointed Bill O'Connell as its new Chief Security Officer (CSO). O'Connell brings nearly 20 years of cybersecurity, risk, and data privacy experience to the role, having previously held leadership positions at Roche and ADP.
At Roche, O'Connell led technical, operational, and strategic programs for data and infrastructure protection. At ADP, he oversaw global application, software, and product security. O'Connell holds Bachelor's and MBA degrees from the University of Maryland, along with a graduate certificate in Cyber Security Policy. He previously served as Chair of the National Cyber Security Alliance Board of Directors.
Commvault has appointed Ha Hoang as its new Chief Information Officer (CIO), bringing over 25 years of experience in enterprise technology transformations. Hoang, previously Group Vice President of Cloud Engineering and Infrastructure at UKG, will focus on advancing next-generation cloud, security, and AI technology initiatives at Commvault.
In her role, Hoang will collaborate with engineering and product teams to drive innovation while engaging directly with customers to demonstrate Commvault's technology capabilities in delivering business value and resilience. Her prior experience includes leadership positions at McKinsey & Company and Wipro, where she specialized in implementing effective technology strategies.
Commvault has announced enhanced cyber resilience solutions for healthcare organizations, specifically designed to protect and recover Electronic Health Records (EHR). The announcement comes amid rising cybersecurity concerns, with over 31 million patient records exposed in data breaches during H1 2024 and healthcare cyberattacks costing the U.S. system $21.9 billion since 2018.
The company's key offerings include Cleanroom Recovery, which enables clean data recovery and creates an on-demand production-ready failover environment, and Cloud Rewind, which facilitates rapid recovery of cloud data, applications, and configurations. Built on Microsoft Azure, these solutions provide:
- Air-gapped recovery capabilities for medical records
- Proactive cyber testing functionality
- Near-instant cloud rollbacks for EHR protection
- Compliance support for HIPAA guidelines
Commvault announced growing momentum in healthcare and life sciences sectors at HIMSS25, highlighting its role in protecting critical patient and research data. The company's cyber resilience solutions are being utilized by major healthcare providers including Hamilton Health Sciences and Fortune 500 companies to protect Electronic Health Records (EHR) systems.
Several success stories were shared: The British Medical Association reduced infrastructure costs, Allina Health improved critical system backups, Baptist Health achieved 6x faster restore times, and Bilthoven Biologicals enhanced security with immutability and multi-factor authentication.
According to Commvault's CTO Brian Brockway, healthcare organizations face significant cyber threats, with ransomware among top 10 threats in Q2 2024 and data breaches averaging $9.77 million. The company is showcasing its solutions at HIMSS25 in Las Vegas from March 3-6, booth #C1027.
Commvault, a provider of cyber resilience and data protection solutions, will showcase its healthcare security offerings at HIMSS25 in Las Vegas from March 3-6 at Booth #C1027. The company will present three key sessions focused on cyber resilience in healthcare:
1. A discussion on cyber readiness investments with Microsoft's David Houlding and Commvault's Mike Carroll on March 4
2. An immersive cyber meltdown simulation demonstrating the impact of cyberattacks on March 4
3. A presentation on defense and recovery tactics by Commvault's VP Michael Stempf on March 5
The company will emphasize protecting healthcare organizations against ransomware threats and maintaining continuous business operations through their Commvault Cloud solution.
Commvault has announced that its Cloud Platform can now be deployed from major cloud marketplaces using CIS-hardened images. These pre-configured images align with Center for Internet Security Benchmarks and will be available on AWS, Microsoft Azure, Google Cloud, and VMware marketplaces.
The CIS-hardened images help reduce configuration vulnerabilities, which account for 23% of cloud infrastructure attacks. The solution offers pre-built compliance checks, enhanced cybersecurity, and streamlined compliance mapping to frameworks like NIST CSF, HIPAA, PCI-DSS, and ISO 27001.
This announcement comes as cloud adoption accelerates, with IDC projecting public cloud services spending to reach $1.6 trillion by 2028. The CIS-hardened images will be available globally this quarter at no additional cost to customers, built on a hardened Rocky Linux 8 operating system.
Commvault (CVLT) reported strong financial results for Q3 FY2025 ended December 31, 2024. Total revenues reached $262.6 million, marking a 21% year-over-year increase. The company's subscription revenue grew 39% to $158.3 million, while total annualized recurring revenue (ARR) rose 18% to $890 million.
Operating income (EBIT) was $13.6 million with a 5.2% margin, while Non-GAAP EBIT reached $54.6 million with a 20.8% margin. The company generated $30.1 million in operating cash flow and repurchased $31.9 million worth of shares.
For Q4 FY2025, Commvault expects revenues between $260-264 million and subscription revenue of $160-164 million. The full-year guidance projects total revenues of $980-985 million, with total ARR growth of 19-20% and subscription ARR growth of 28-30%.
Commvault has announced a new integration with the CrowdStrike Falcon® cybersecurity platform to enhance threat detection and data recovery capabilities for joint customers. The collaboration integrates CrowdStrike's security data and threat intelligence within the Commvault Cloud, enabling faster threat detection and response.
The integrated solution offers key benefits including proactive threat detection using CrowdStrike's Indicators of Compromise (IOCs) and AI-driven insights, accelerated clean data recovery, and streamlined operations between SecOps and ITOps teams. According to cited research, 62% of respondents report that downtime or data loss from attacks has been disruptive, while the average organization faces 8 cyber incidents annually, with 4 considered major.
Commvault has expanded its platform to include automated forest recovery for Microsoft Active Directory, addressing a critical cybersecurity need. The new Commvault Cloud Backup & Recovery for Active Directory Enterprise Edition aims to protect the widely-used enterprise identity system that manages authentication for over 610 million users worldwide.
The solution introduces automated runbooks for forest recovery, visual topology views for quick domain controller restoration, and integrated protection for both Active Directory and Entra ID. This automation significantly reduces recovery time from days or weeks to a fraction of the time, eliminating error-prone manual processes.
The product targets a important security concern, as Active Directory is targeted in up to 90% of cyberattacks. The solution is expected to be generally available in the first half of 2025, with pricing based on a per-user model.
Commvault (NASDAQ: CVLT) has announced it will release its third quarter fiscal year 2025 earnings results via webcast on Tuesday, January 28, 2025 at 8:30 a.m. EST. Investors can participate through multiple channels: by accessing the live webcast at http://ir.commvault.com, or by dialing in toll-free at (800) 715-9871 or internationally at (646) 307-1963 using Event ID 7183844. To ensure timely participation, attendees are encouraged to join fifteen minutes before the scheduled start time. A replay of the webcast will be available on Commvault's investor relations website.