NJ TECH CORNER: COMMVAULT SYSTEMS, INC.

Company Overview

Commvault Systems, Inc. (NASDAQ: CVLT) is a global provider of data and information management solutions in the United States and internationally. The company has one of the industry’s leading software portfolios in data protection and recovery, cloud, virtualization, archive, file sync and share. Founded in 1996, Commvault is headquartered in Tinton Falls, NJ, and has offices worldwide. The company has licensed its data and information management software to more than 26,000 customers. Commvault employed over 2,800 employees, as of March 31, 2018.

Earlier this year, investment firm Elliott Management became Commvault’s largest shareholder after acquiring more than a 10 percent stake in the company. The firm’s investment led to the replacement of some of Commvault’s board members and the decision to replace its CEO, citing Commvault’s underperformance as the reason.

Investment & Financial Information

Shares of common stock outstanding (June 29, 2018): 45,580,075  
Share price of stock (Jan. 4, 2019 )   $58.06
Share price of stock (one year ago)   $53.95
Current valuation (Jan. 4, 2018)   $2.64  billion
Valuation one year ago   $2.44 billion
Stock Symbol: CVLT
Revenues (year ended March 31, 2018)   $699.4 million
Revenues (year ended March 31, 2017) $645.0 million
Net Income (Loss) (as of March 31, 2018)   ($3.50 million)
Net Income (Loss) (as of  March 31, 2017)     ($1.99 million)

Management Team

Name Age Title
N. Robert Hammer 76 Chairman of the Board of Directors,
President and CEO
Alan G. Bunte   64 Executive Vice President, COO
Brian Carolan 47 Vice President, CFO
Ron Miller 51 Senior Vice President of Worldwide Sales

Board of Directors

Name Age Title
N. Robert Hammer     76 Chairman of the Board of Directors, President
and CEO
Alan G.
Bunte  
64 Executive Vice President, COO
Nicholas Adamo NA* Former senior executive, Cisco Systems
Frank J.
Fanzillio, Jr.
61 Former Managing Director and Global CIO, Credit
Suisse First Boston; Director, SugarCRM, EnterpriseDB, iBoss
Vivie
“YY” Lee
NA* Former CEO, First Rain
Martha Helena
Bejar
NA* Co-founder and CEO, Red Bison Advisory Group, LLC ;
former CEO, Unium Inc., Flow Mobile Inc., Wipro
Infocrossing Cloud Computing; Director, CenturyLink
Inc., Mitel Corporation
Charles
“Chuck” Moran
NA* Founder and former CEO and President, Skillsoft;
former President and CEO, NETG Education
Training Group; Director, Manhattan Associates, Inc
Keith
Geeslin
65 Partner, Francisco Partners; Director, Synaptics, Inc.
Daniel
Pulver
49 Founder and Managing Member, Pulver Capital
Management; Director of several private
technology companies
Gary B.
Smith
57 President, CEO and Director, Ciena Corporation;
Member, Ashridge Management College; Chairman, Advisory Council to Wake Forest Center for
Entrepreneurship 
David F. Walker 64 Director, Chico’s FAS Inc., CoreLogic Inc.

*Not available

Noteworthy Control

Name Shares of common stock owned % of total
common
shares
Elliott Associates, L.P. 5,605,462 12.3%
BlackRock, Inc. 4,424,276 9.7%
The Vanguard
Group
3,593,724 7.97%
N. Robert
Hammer
3,604,344 7.7%

[All information for NJ Tech Corner was taken from the company’s SEC filings and other company sources, with the exception of the company’s valuation.]

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