Welcome to our dedicated page for Commvault Sys news (Ticker: CVLT), a resource for investors and traders seeking the latest updates and insights on Commvault Sys stock.
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 (NASDAQ: CVLT) has been recognized as a "Leader" in the 2021 Gartner Magic Quadrant for Enterprise Backup and Recovery Software Solutions, marking its 10th consecutive appearance in this category. This report highlights the company's strong positioning in addressing critical data protection needs, including ransomware protection and hybrid cloud solutions. Ranga Rajagopalan, VP of Product Management, emphasized Commvault's SaaS leadership and flexible delivery models, catering to diverse customer requirements. For more insights, the Gartner report is accessible via Commvault's website.
Commvault (NASDAQ: CVLT) announces its support for the AWS for Health initiative, providing secure and scalable data management solutions for healthcare organizations. This collaboration offers comprehensive data protection for critical information, including patient records, leveraging AWS's cloud capabilities. Commvault's Intelligent Data Services seamlessly integrate into AWS environments, facilitating data storage, protection, and optimization. With an increasing need for data security in healthcare, this partnership aims to address challenges posed by data breaches and ransomware.
Meridian Group International announced the launch of mProtect Flex™, a consumption-based data protection model powered by Commvault. This solution aims to help customers optimize technology investments and reduce costs, offering a scalable approach for enterprise data management. Coupled with Commvault's Intelligent Data Services Platform, the partnership ensures comprehensive data protection for businesses transitioning to cloud environments. Meridian's global scale and expertise position it as a leading service provider in this domain, focusing on unique purchasing models that meet evolving customer needs.
Commvault (NASDAQ: CVLT) has launched a partnership with SoftwareONE, becoming its first global design partner for Metallic-based SaaS data protection solutions. This collaboration aims to offer BackupSimple powered by Metallic, a cloud-based managed service for data backup and recovery. With this partnership, customers can expect streamlined onboarding, robust management capabilities, and enhanced operational processes. The initiative is positioned to disrupt the data management market, harnessing the advantages of SaaS to accelerate adoption among Managed Service Providers (MSPs).
Commvault (NASDAQ: CVLT) will announce its fiscal first quarter financial results on July 27, 2021, covering the period ending June 30, 2021. A conference call will be held at 8:30 a.m. Eastern Time for investors to discuss the results. This event will be accessible via live webcast, with an archived version available later.
Commvault specializes in data backup and recovery solutions, aiming to safeguard and manage enterprise data effectively.
Commvault (NASDAQ: CVLT) has been named the 2021 Hewlett Packard Enterprise (HPE) GreenLake Momentum Partner of the Year at HPE Discover 2021. This recognition highlights Commvault's commitment to customer excellence and strong performance in financial metrics and innovative solutions. The company's Intelligent Data Services Platform offers flexible, scalable data management solutions, crucial for modern enterprises. The partnership with HPE facilitates effective collaborations, particularly with offerings like GreenLake Backup-as-a-Service, which enhance customer data protection and operational efficiency.
Commvault (NASDAQ: CVLT) has been recognized as a 'leader' and 'outperformer' in GigaOm's reports for Hybrid Cloud Data Protection across enterprise and SMB sectors. The company received top ratings in all Key Criteria and Evaluation categories, showcasing its robust solutions for data protection in complex environments. The reports highlight Commvault's ability to address the challenges of cloud-based data protection, appealing to various market segments. With a focus on simplicity and efficiency, Commvault aims to protect customer data, irrespective of its location.
Commvault (NASDAQ: CVLT) has announced its new Metallic Government Cloud offerings, achieving 'High Ready' status from FedRAMP for its Backup-as-a-Service (BaaS) and Cloud Storage Service. This certification makes Metallic the only comprehensive SaaS data protection solution that meets stringent U.S. government standards for data confidentiality, integrity, and availability. Additionally, the company has received compliance readiness attestation from the FBI's CJIS, reinforcing its security measures. The launch includes the first FedRAMP High Ready service for Office 365.
Commvault (NASDAQ: CVLT) announced enhancements to its Managed Service Provider (MSP) and Aggregator Partner Advantage Programs on June 9, 2021. These updates aim to better support partners in delivering Intelligent Data Services to their clients. The program offers multiple partnership models, incentives for profitability, training resources, and marketing tools. Commvault plans to add its Metallic service for MSPs later this year, allowing partners to expand their offerings. The changes reflect a commitment to address the evolving IT landscape and partner needs in a multi-cloud environment.
Commvault (NASDAQ: CVLT) announced the expansion of its Metallic SaaS portfolio, introducing the Intelligent Data Services Platform to meet rising demand for effective data management. The new offerings include Metallic Backup for Microsoft Dynamics 365 and HyperScale X for Metallic, enhancing flexibility for hybrid cloud data protection. With a 16.8% CAGR projected growth in data protection as a service, Commvault continues to lead in SaaS solutions, having doubled its Metallic customer base each quarter in fiscal 2021, now available in 24 countries.