Commault Systems, Inc. - CVLT STOCK NEWS

Commvault and Pure Storage have announced a joint cyber readiness solution to help organizations comply with evolving regulations, particularly the EU's Digital Operational Resilience Act (DORA), effective January 2025. The solution addresses key aspects of DORA, including risk management and operational resilience testing.

The joint offering provides:

• Protection: Built on zero-trust principles with advanced authentication, storage encryption, and compliance locks
• Detection: Proactive risk scanning, AI-assisted anomaly detection, and cyber deception technology
• Response and Recovery: Rapid recovery of mission-critical systems using Pure Storage Platform snapshots
• Operational Resilience Testing: Continuous testing in secure, isolated environments

This solution aims to enhance cyber resilience, operational readiness, and rapid recovery capabilities for financial institutions and other organizations facing stringent regulatory requirements.

Commvault has announced an expanded relationship with Google Cloud, launching Commvault® Cloud Backup & Recovery for Google Workspace. This new solution, expected to be available by the end of the year, will provide comprehensive protection for Gmail, Google Drive, and Shared Drives. It offers:

• Comprehensive protection with easy data discovery and recovery
• Multi-layered cyber resilience with stringent security standards
• Simplicity of SaaS with cost-effective data protection

Commvault is also expanding its Google Cloud capabilities with Cloud Rewind™, integrating Appranix's application rebuild capabilities for rapid recovery from cyber incidents. Additionally, Commvault now supports object retention lock for Google Cloud Storage, providing immutable cloud storage on Google Cloud's infrastructure.

Commvault, a leading provider of cyber resilience and data protection solutions, has announced that its Commvault Cloud cyber resilience platform will be available on Amazon Web Services (AWS). This platform includes several key offerings:

1. Cloud Rewind: Acts as an AWS time machine, allowing organizations to recover and rebuild cloud applications quickly.
2. Cyber Resilience for Amazon S3: Provides time machine capabilities for Amazon S3 customers.
3. Air Gap Protect: Offers immutable, isolated copies of data in a Commvault tenant as a service.
4. Cleanroom Recovery: Enables automatic provisioning of recovery infrastructure in AWS.

These solutions aim to enhance data protection, advance cyber recovery, and simplify the cloud application rebuild process following cyberattacks. The full suite of solutions for AWS will be generally available in the coming months and accessible through AWS Marketplace.

Commvault, a leading provider of cyber resilience and data protection solutions, has announced the availability of Cloud Rewind™ on the Commvault Cloud platform. This new offering integrates cloud-native distributed application recovery and rebuild capabilities, transforming cyber resilience for cloud-first organizations. Cloud Rewind is designed to quickly restore an organization's entire cloud application and data environment, including all necessary cloud infrastructure configurations, in a highly automated way.

Key features of Cloud Rewind include:

• Resource discovery for reduced organizational risk
• App-centric dependency mapping to reduce operational confusion
• Drift analysis to keep security teams in-sync
• Automated cyber recovery testing with Recovery-as-Code
• On-demand cloud reconstruction to avoid wasting cloud resources
• Integrated application-centric cyber recovery and disaster recovery

Commvault also introduced a new Cyber Resilience Dashboard that provides continuous ransomware readiness assessments and actionable insights to improve resilience and recovery readiness.

Commvault, a leading provider of cyber resilience and data protection solutions, has announced the acquisition of Clumio, a technology leader in data protection for critical cloud data in AWS. This strategic move aims to enhance Commvault's cyber resilience capabilities for cloud-first organizations, particularly those using AWS. Key points:

- The acquisition leverages Clumio's AWS offerings to provide cyber resilience for next-generation applications.
- Clumio's innovations include near-instant access to Amazon S3 data during critical recovery operations.
- The deal is expected to close in early October 2024 and be immediately accretive to ARR and revenue.
- The purchase price is not material to Commvault and will be funded with cash on hand.
- Commvault reiterates its fiscal second quarter 2025 earnings guidance.

This acquisition strengthens Commvault's position as a leading SaaS provider for cyber resilience in the multi-cloud era.

Commvault (NASDAQ: CVLT) has announced the date for its second quarter fiscal year 2025 earnings release. The company will host a webcast discussion of its financial results on Tuesday, October 29, 2024, starting at 8:30 a.m. EST. Investors can access the live webcast through Commvault's investor relations website at http://ir.commvault.com.

For those who prefer to join by phone, the company has provided toll-free and international dial-in numbers, along with an event ID. Participants are encouraged to dial in fifteen minutes before the scheduled start time to avoid delays. A replay of the webcast will be made available on the company's investor relations website for those unable to attend the live event.

Commvault's 2024 Cyber Recovery Readiness Report reveals important insights into cybersecurity practices. Organizations that have experienced breaches invest 30% more in cybersecurity measures and are 2.5 times more likely to prioritize understanding their data risk profiles. These breached organizations also conduct more testing, with only 2% not testing their recovery plans compared to 20% of non-breached organizations.

The impact of these investments is significant: breached organizations recover 41% faster and are 32% more likely to recover within 48 hours. This reduced downtime can lead to substantial savings in direct financial losses and preservation of customer trust. The report emphasizes that proactive cyber resilience measures are far less costly than the potential expenses of cyber incidents.

Commvault announces SHIFT 2024, a global event series focusing on cyber resilience and continuous business. The initiative kicks off with an in-person event in London on October 8, followed by virtual simulcasts on October 9-10, and a 40-city global roadshow. SHIFT 2024 aims to address escalating cyber threats and help organizations rapidly rebuild, reconstruct, and recover from attacks.

Key topics include cloud-first innovations, real-world customer stories, simulations, advanced readiness training, and partnerships enhancing cyber resilience. The event targets CISOs, CIOs, and data security professionals, offering insights on maintaining a continuous advantage over cyber threats and reducing recovery time post-attack.

Commvault (CVLT) has been named a 'Leader' and 'Forward Mover' in the 2024 GigaOm Sonar Report for Cloud-Native Data Protection, achieving the highest average rating among 13 vendors. The report praises the Commvault Cloud platform for its strong performance in cloud-native data protection and hybrid cloud support.

Key highlights include:

• Recognition for extensive workload coverage and enterprise-level resilience
• Integration of data protection, cyber recovery, and cloud-native app rebuild
• Appranix acquisition enhancing cyber recovery capabilities
• Cleanroom Recovery feature for secure, isolated recovery environments
• AI-supported automation and generative AI interactions through Arlie

GigaOm analyst Chester Conforte emphasized Commvault's comprehensive capabilities for addressing data threats and recovery needs across various environments.