NJ TECH CORNER: Commvault Systems, Inc.
N. Robert Hammer is Chairman, President and CEO| Commvault Systems | Courtesy Commvault Systems
Each month NJ Tech Weekly will feature a publicly held tech company and offer our readers a snapshot of who is in control of these companies, their current valuations, and other pertinent information that provides a more informed picture of them. NJ Tech Corner signifies our ongoing commitment to provide high-quality editorial coverage of New Jersey’s technology sector that can’t be found elsewhere. We’d like to thank Commvault for its cooperation in helping us complete this report. NJ Tech Corner is researched and written by NJ Tech Weekly contributor Marc Weinstein. We hope you enjoy NJ Tech Corner and would welcome any reader feedback.
Company Overview
Commvault Systems, Inc. is a provider of data protection and information management solutions. 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 23,000 registered customers. Its primary competitors include EMC, IBM, Veritas and Veeam. Commvault employed 2,379 employees, as of March 31, 2016.
Investment & Financial Information
|
Shares of common stock outstanding (as of June 24, 2016): |
44,304,959 |
|
Share price of stock (as of July 28, 2016) |
$51.47 |
|
Share price of stock (one year ago) |
$34.84 |
|
Current valuation (as of July 28, 2016) |
$2.28 billion |
|
Valuation one year ago |
$1.58 billion |
|
Stock Symbol: |
NASDAQ: CLVT |
|
Net Revenues (year ended March 31, 2016): |
$595.1 million |
|
Net Revenues previous year |
$607.5 million |
|
Net Income (year ended March 31, 2016) |
$136,000 |
|
Net Income previous year: |
$25.65 million |
Management Team
|
Name |
Age |
Title |
|
N. Robert Hammer |
74 |
Chairman of the Board of Directors, President and CEO |
|
Alan G. Bunte |
62 |
Executive Vice President, COO |
|
Brian Carolan |
45 |
Vice President, CFO |
|
Ron Miiller |
49 |
Senior Vice President of Worldwide Sales |
Board of Directors
|
Name |
Age |
Title |
|
N. Robert Hammer |
74 |
Chairman of theBoard,President and CEO |
|
Alan G. Bunte |
62 |
Executive Vice President, COO |
|
Joseph F. Eazor |
53 |
President, CEO and Director of EarthLink |
|
Frank J. Fanzilli, Jr. |
59 |
Formerly Managing Director and Global CIO of Credit Suisse First Poston |
|
Armando Geday |
54 |
Formerly President, CEO and Director, GlobespanVirata Inc. |
|
Keith Geeslin |
48 |
Partner, Francisco Partners |
|
Robert F. Kurimsky |
77 |
Formerly Senior Vice President, Technology Solutions Co. |
|
Daniel Pulver |
47 |
Founder and Managing Member, Pulver Capital Management |
|
Gary B. Smith |
55 |
President, CEO and Director, Ciena Corporation |
|
David F. Walker |
62 |
Director, Chico’s FAS Inc., CoreLogic Inc., formerly Director, Accounting Program and the Program for Social Responsibility and CorporateReporting, University of South Florida |
Noteworthy Control
|
Name |
Shares of common stock owned |
% of total common shares |
|
N. Robert Hammer |
3,662,344 |
8.1% |
|
Alan Bunte |
1,427,788 |
3.2% |
|
RS Investment Management Co. |
3,909,138 |
8.8% |
|
Black Rock Inc. |
3,866,8323 |
8.7% |
|
The Vanguard Group |
2,980,649 |
6.7% |
[All information for NJ Tech Corner was taken from the company’s annual report and proxy statement, with the exception of the company’s stock price and valuation.]
