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
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 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.]
