Commvault Radically Expands SaaS Portfolio to Meet Growing Demand and Introduces Intelligent Data Services Platform

Rhea-AI Summary

Commvault (NASDAQ: CVLT) announced the expansion of its Metallic SaaS portfolio, introducing the Intelligent Data Services Platform to meet rising demand for effective data management. The new offerings include Metallic Backup for Microsoft Dynamics 365 and HyperScale X for Metallic, enhancing flexibility for hybrid cloud data protection. With a 16.8% CAGR projected growth in data protection as a service, Commvault continues to lead in SaaS solutions, having doubled its Metallic customer base each quarter in fiscal 2021, now available in 24 countries.

Positive

• Expansion of Metallic SaaS portfolio enhances data management capabilities.
• New offerings provide support for Microsoft Dynamics 365, Office 365, and Azure.
• Metallic customer base doubled each quarter in fiscal 2021, indicating strong market demand.

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• None.

TINTON FALLS, N.J., May 25, 2021 /PRNewswire/ -- Commvault (NASDAQ: CVLT) today announced the expansion of its Metallic software as a service (SaaS) portfolio and a new unified Intelligent Data Services Platform designed to meet organizations' growing demand to intelligently manage their most critical asset—their data.

Continued SaaS Leadership with Metallic
Commvault is expanding its enterprise-grade SaaS data management offerings with the introduction of Metallic™ Backup for Microsoft Dynamics 365, giving customers support for all three Microsoft clouds—Microsoft Dynamics 365, Microsoft Office 365, and Microsoft Azure. This follows the addition of HyperScale™ X for Metallic, a fully integrated, scale-out on-premises storage target for Metallic backup as a service that delivers choice for hybrid cloud data protection. With today's expanded offerings, customers have even more flexibility to realize the benefits of SaaS-delivered backup, anywhere and everywhere.

"By seamlessly integrating Commvault HyperScale X and Metallic, we offer customers what we call the 'power of AND'—the ability to extend between on-premises and cloud with a single integrated solution. We are giving customers a variety of delivery models, a robust portfolio of new services, and the continuous innovation they've come to expect from Commvault," said Sanjay Mirchandani, President and CEO, Commvault. "Customers need the simplicity and flexibility that SaaS enables, and no vendor in the market is positioned like Commvault to help them embrace the possibilities of this future."

Today's announcement reinforces Commvault's leadership as customers increasingly move to SaaS data management. IDC states that the data protection as a service segment is expected to grow at 16.8% CAGR, the fastest growing segment in the data protection market. As a company that has been at the forefront of innovation for its rich 25-year history, Commvault's recently announced fiscal year results demonstrate that customers are embracing Commvault's expanding portfolio. Metallic, now available in 24 countries, doubled its number of customers every quarter in fiscal 2021.

A Single Integrated Platform of Intelligent Data Services Delivered with Choice
Commvault's new Intelligent Data Services Platform leverages all parts of Commvault's existing portfolio via a broad set of delivery models that vary from software subscription, an integrated appliance, partner-managed, to increasingly SaaS—a critical differentiator in the market. This platform includes the following set of services: Data Management & Protection, Data Security, Data Compliance & Governance, Data Transformation, and Data Insights. The new Intelligent Data Services provide comprehensive, end-to-end storage and workload support regardless of where they reside.

Integrated together in a single platform, this approach provides organizations the ability to embrace the "power of AND," and harness the value of enterprise data.

Customers, analysts and other industry experts recognize that Commvault is driving leadership in SaaS as the future.

• Chart Industries quickly recognized the "power of AND." "Chart has been a vocal Commvault customer for a long time, and Metallic has intrigued us from day one," said Nathaniel Hauenstein, Global Infrastructure Manager, Chart Industries. "SaaS is important as we continue to drive rapid company growth and seek to back up and protect our Microsoft Office 365 and Salesforce data. Commvault and Metallic together are a trusted partner, and their bulletproof solutions mean that we will have the scale, flexibility and reliability that are critical to our business."
• Ian Moyse, recognized industry cloud influencer agrees that the future is SaaS. "The reality for SaaS is more real than ever, especially as it continues to accelerate and facilitate businesses to operate in an ever-increasing remote world as a result of the COVID-19 pandemic," said Moyse. "Commvault's ability to mesh delivery models with a single interface is genius—customers are looking to reduce complexity in their environments, and this delivers in spades. Commvault and Metallic are a software dream team for customers, and it will only get better from here as cloud innovation continues at a pace."
• "Commvault has always been on the cutting edge of innovation, and through their leadership in cloud and SaaS offerings, they have really differentiated themselves," said Christophe Bertrand, ESG. "I have said that 2020 was a breakout year for the company, and the recent financial performance is proof of that. Commvault has shown steady growth for the past 25 years, and its approach to the business integrity gap and its focus on intelligent data services makes them well-positioned to continue to lead the market."

About Commvault
Commvault (NASDAQ: CVLT) liberates business and IT professionals to do amazing things with their data by ensuring the fundamental integrity of their business. Its industry-leading Intelligent Data Services Platform empowers these professionals to store, protect, optimize, and use their data, wherever it lives. Delivering the ultimate in simplicity and flexibility to customers, its Intelligent Data Services Platform is available as software subscription, an integrated appliance, partner-managed, and software as a service—a critical differentiator in the market. For 25 years, more than 100,000 organizations have relied on Commvault, and today, every quarter, Metallic is doubling the number of customers who leverage it to modernize their environments as they look to SaaS for the future. Driven by its values—Connect, Inspire, Care, and Deliver—Commvault employs more than 2,700 highly-skilled individuals around the world. 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.

©1999-2021 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