CVLT | Market Cap: $6.2B (07/13/26)
Industry:
Software

DESCRIPTION

Commvault sells enterprise cyber resilience software. Its core product, Commvault Cloud, is a unified platform that helps organizations protect, recover, and secure data and IT systems across on-premises, hybrid, multi-cloud, and SaaS environments. Key use cases include backup and recovery, ransomware response, identity protection (including Microsoft Active Directory), threat detection in backup environments, and recovery readiness testing. The platform is organized in three tiers — Operational Recovery, Autonomous Recovery, and Cyber Recovery — with complementary add-ons like Cleanroom Recovery, Air Gap Protect, and ThreatScan. Commvault's customers span large enterprises, mid-market companies, and government agencies in regulated industries. Commvault sells primarily through a direct sales force and a broad partner channel including resellers, MSPs, and cloud marketplaces. Commvault generates revenue through SaaS subscriptions (software hosted by Commvault), term software licenses (recognized upfront), and professional services. Subscription ARR is the primary health metric. Growth is driven by new customer additions, cross-sell and upsell within the existing base, and a mix shift toward SaaS. Commvault also owns Clumio, acquired in FY24, which protects cloud-native AWS and Google Cloud workloads and targets buyers outside Commvault's traditional on-premises customer base. Commvault recently acquired Satori Cyber to expand into data and AI security.

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