Commvault Accelerates Cloud Adoption with New Intelligent Data Management Portfolio

Rhea-AI Summary

Commvault (NASDAQ: CVLT) announced a new portfolio of products and services aimed at enhancing data management across cloud and on-prem environments during the FutureReady event on July 21, 2020. The portfolio includes Commvault Backup & Recovery, Disaster Recovery, Complete Data Protection, and HyperScale X, which features built-in ransomware protection and scalability. Additionally, the company introduced flexible subscription pricing, targeting over 40% of software revenue from subscriptions. These innovations aim to support clients like McDonald's in optimizing their cloud strategies.

Positive

• Launch of multiple new products enhancing data management capabilities.
• Introduction of flexible subscription pricing model, matching current market trends.
• Over 40% of product revenue now from subscription licensing, indicating a shift in business model.

Negative

• None.

TINTON FALLS, N.J., July 21, 2020 /PRNewswire/ -- Today at Commvault FutureReady, Commvault (NASDAQ: CVLT), a recognized global enterprise software leader in the management of data across cloud and on-premises environments, announced a new portfolio of products and services to intelligently manage data. In addition, the company also announced new flexible subscription pricing, optimizing value and making it easier for customers to simplify data management in hybrid cloud.

New to the portfolio are Commvault^® Backup & Recovery, Commvault^® Disaster Recovery, Commvault Complete™ Data Protection and Commvault HyperScale™ X.

• Commvault^® HyperScale X
  
  The next generation of Commvault HyperScale is a scale-out integrated solution that delivers simple, flexible data protection for all workloads (including containers, virtual, and databases), optimized scalability, and built-in ransomware protection. The first Hedvig integration with the Commvault portfolio, HyperScale X enables customers to simplify and accelerate hybrid cloud adoption.
  
  
• Commvault^® Backup & Recovery
  
  The new standalone backup & recovery product ensures data availability for all workloads – including containers, cloud-native, and virtual – across cloud and on-premises environments, delivering simple, reliable, data protection through a single extensible platform.
  
  
• Commvault^® Disaster Recovery
  
  As a comprehensive disaster recovery product, Commvault Disaster Recovery enables customers to ensure business continuity and verify recoverability across cloud and on-prem environments, delivering simple, automated disaster recovery orchestration, flexible replication, and verified recovery readiness.
  
  
• Commvault Complete™ Data Protection
  
  The combination of Commvault Backup & Recovery and Commvault Disaster Recovery brings Commvault's industry-leading functionality into a single data protection solution to ensure data availability and business continuity for all workloads across cloud and on-prem environments.

"With an already-robust Commvault deployment in place, we're now leveraging Commvault's cloud capabilities to shed ownership of our technology infrastructure—instead, we're investing heavily in the cloud to keep our IT operations running. The software solution from Commvault fills gaps in native cloud tools, and has cut across every use case McDonald's Cloud Services team has, providing optimized and effective backups across databases. Commvault's solution tunes performance across AWS and Microsoft Azure cloud servers and drives cost savings through deduplication and compression. McDonald's realizes value from a trusted, innovative team with Commvault," said Douglas Leonard, Director – Cloud Services, McDonald's Corporation.

Additional enhancements include new data insights and governance solutions, rich Kubernetes support in the Hedvig Distributed Storage Platform, and broader availability of Commvault's subscription-based licensing model.

• Commvault^® Data Governance, Commvault^® eDiscovery & Compliance and Commvault^® File Storage Optimization 
  
  These solutions, previously bundled together as Commvault Activate, give customers greater visibility into their data, identify opportunities for storage efficiencies and manage risk. Leveraging Commvault's simplified pricing model, organizations can now purchase these solutions in alignment with how they consume other Commvault offerings.
  
  
• Enhanced Container Support for the Hedvig Distributed Storage Platform
  
  Commvault's new native API Kubernetes enhancements in the Hedvig Distributed Storage Platform provides customers the flexibility to develop and run modern applications in any Kubernetes environment with the ability to seamlessly protect, migrate, recover, and use their data.
  
  
• Optimized Subscription Pricing
  
  As customers are increasingly looking to shift toward OPEX-based and cloud-like pricing, they require the flexibility and efficiency that a subscription pricing model enables. Commvault has led this transition, with more than 40% of its software and product revenue coming from subscription licensing. Today's announcement, further enables Commvault's products and ecosystems to lead with subscription pricing models, enabling simplified choice for customers. Commvault will continue to support customer requirements for a perpetual pricing model. 

"We're rapidly innovating to exceed customer needs in this era of constant change. The updated Commvault portfolio helps customers effectively manage change across their hybrid IT environments," said Rajiv Kottomtharayil, Chief Product Officer, Commvault. "Customers need to be increasingly agile, flexible, and scalable. This new portfolio addresses data management risks that exist today and that may exist tomorrow, intelligently. From a natural disaster, to human error, to ransomware, our customers are covered."

About Commvault

Commvault is a worldwide leader in delivering data readiness, enabling customers to intelligently manage data with solutions that store, protect, optimize and use data. Commvault software automates mind-numbing IT tasks and makes data work harder for customers— so they can gain invaluable insights for their businesses. Commvault solutions work across cloud and on-premises environments, leveraging the digital tools and procedures already in use. Commvault software, solutions and services are available from the company and through a global ecosystem of trusted partners. Commvault employs more than 2,300 highly-skilled individuals across markets worldwide, is publicly traded on NASDAQ (CVLT), and is headquartered in Tinton Falls, New Jersey in the United States. Visit Commvault.com or follow us at @Commvault.

Safe Harbor Statement

Customers' results may differ materially from those stated herein; Commvault does not guarantee that all customers can achieve benefits similar to those stated above. This press release may contain forward-looking statements, including statements regarding financial projections, which are subject to risks and uncertainties, such as competitive factors, difficulties and delays inherent in the development, manufacturing, marketing and sale of software products and related services, general economic conditions and others. Statements regarding Commvault's beliefs, plans, expectations or intentions regarding the future are forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from anticipated results. Commvault does not undertake to update its forward-looking statements. The development and timing of any product release as well as any of its features or functionality remain at our sole discretion.

©1999-2020 Commvault Systems, Inc. All rights reserved. Commvault, Commvault and logo, the "C hexagon" logo, Commvault Systems, Commvault HyperScale, ScaleProtect, Commvault OnePass, Unified Data Management, Quick Recovery, QR, CommNet, GridStor, Vault Tracker, InnerVault, Quick Snap, QSnap, IntelliSnap, Recovery Director, CommServe, CommCell, APSS, Commvault Edge, Commvault GO, Commvault Advantage, Commvault Complete, Commvault Activate, Commvault Orchestrate, Commvault Command Center, Hedvig, Universal Data Plane, the "Cube" logo, Metallic, the "M Wave" logo, and CommValue are trademarks or registered trademarks of Commvault Systems, Inc. All other third party brands, products, service names, trademarks, or registered service marks are the property of and used to identify the products or services of their respective owners. All specifications are subject to change without notice.

 

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SOURCE Commvault

FAQ

What new products did Commvault announce on July 21, 2020?

Commvault announced a new portfolio including Backup & Recovery, Disaster Recovery, Complete Data Protection, and HyperScale X.

How is Commvault changing its pricing model?

Commvault is introducing flexible subscription pricing, which aligns with a broader trend towards OPEX-based models.

What percentage of Commvault's revenue comes from subscription licensing?

Over 40% of Commvault's software and product revenue now comes from subscription licensing.

How does Commvault support cloud adoption for its clients?

Commvault offers products that optimize data management in hybrid cloud environments, as highlighted by client testimonials, including McDonald's.

What are the benefits of Commvault's HyperScale X?

HyperScale X provides scalable data protection, built-in ransomware protection, and simplifies hybrid cloud adoption.