Who Owns CommVault Company?

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Who Really Controls Commvault?

Understanding the intricate web of CommVault SWOT Analysis ownership is key to unlocking the company's future. From its roots as an AT&T Bell Labs spin-off to its current status as a global data management leader, Commvault's ownership has undergone significant transformations. This journey, marked by an IPO and evolving shareholder dynamics, shapes its strategic decisions and market performance.

Exploring the CommVault ownership structure provides valuable insights into its strategic direction and financial health. This analysis will uncover the CommVault parent company details, tracing the influence of major stakeholders and the impact of key events like its IPO. Understanding Who owns CommVault is essential for investors, analysts, and anyone seeking to understand the company's trajectory, including its CommVault company profile and CommVault history.

The story of Commvault begins in 1988 within Bell Labs, where it started as a development group focused on data management. It evolved through various corporate structures, including being part of AT&T Network Systems and Lucent Technologies, before becoming an independent company in 1996. This transformation set the stage for its future as a major player in data protection and information management.

Scotty R. Neal served as CEO when Commvault was incorporated. However, Bob Hammer and Al Bunte significantly influenced the company's direction. They joined in March 1998, with Hammer as Chairman, President, and CEO, and Bunte as COO. Their vision of data management as a crucial and lucrative sector was pivotal.

While the exact initial ownership details from 1996 are not publicly available, the leadership of Hammer and Bunte was instrumental in the company's early growth. Their strategic direction led to the company's initial public offering (IPO) in 2006. The early private phase, including angel investors or family investments, and specifics like vesting schedules, are not detailed in public records. The founding team's foresight in data growth shaped Commvault's product development and market strategy, influencing its ownership structure as a publicly traded entity. This laid the groundwork for the company's journey.

Early Leadership and Vision

The early leadership of Bob Hammer and Al Bunte was crucial for shaping Commvault's strategic direction. Their focus on the growing importance of data management set the stage for the company's success. This vision drove the company's product development and market strategy, eventually leading to its IPO.

• Commvault ownership structure evolved from its inception within Bell Labs to becoming a publicly traded company.
• The company's early focus on data management proved prescient, aligning with the exponential growth of data.
• The shift to an independent entity in 1996 marked a critical step in Commvault's evolution.
• The company's history, including its early formation, is further detailed in Brief History of CommVault.

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The evolution of Commvault's ownership is marked by its initial public offering (IPO) in March 2006 on NASDAQ under the ticker CVLT. This event was a pivotal moment, transitioning the company from private to public ownership and opening it up to a wider range of investors. The IPO facilitated access to capital markets, which supported Commvault's growth and expansion strategies. Understanding the Marketing Strategy of CommVault is crucial for investors.

Currently, the ownership structure is heavily influenced by institutional investors. As of January 2025, these institutions held approximately 92% of Commvault's shares, demonstrating significant confidence in the company's long-term potential. This high level of institutional ownership often correlates with a focus on financial performance and strategic initiatives aimed at enhancing shareholder value.

Insider ownership, comprising shares held by officers and directors, accounts for 11.01% or 4.84 million shares. This indicates that company leadership has a vested interest in the company's success. Commvault's strategic shift towards subscription-based services has driven substantial revenue growth, with subscription revenue increasing by 39% in Q3 2024 and 45% in Q4 fiscal year 2025. Total revenues for fiscal year 2025 reached $996 million, reflecting a 19% year-over-year increase. The total annualized recurring revenue (ARR) grew to $930 million, up 21% year-over-year, underscoring the company's strong financial performance and its appeal to major stakeholders.

Key Ownership Facts

Commvault's ownership structure is primarily dominated by institutional investors, demonstrating confidence in its growth. The IPO in 2006 was a key event, opening the company to a broader investor base. Strong financial results and a focus on subscription revenue have contributed to its appeal.

• Institutional ownership is approximately 92% as of January 2025.
• Insider ownership is about 11.01%.
• Fiscal year 2025 total revenues were $996 million.
• ARR grew to $930 million in fiscal year 2025.

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As of the Annual Meeting of Stockholders held on August 8, 2024, the Board of Directors of Commvault consisted of nine elected members. These directors are expected to serve until the 2025 Annual Meeting. The board members include Nicholas Adamo, Martha H. Bejar, Keith Geeslin, Vivie “YY” Lee, Sanjay Mirchandani, Charles Moran, Allison Pickens, Shane Sanders, and Arlen Shenkman. Notably, all directors, with the exception of Sanjay Mirchandani, who serves as President and CEO, are considered independent.

The composition of the Board reflects a commitment to diversity. In the four years leading up to the 2022 proxy statement, eight of ten directors joined the Board, including three women. The election of directors at the 2024 Annual Meeting saw all nominees receiving a majority of votes cast, with support ranging from 36,670,658 to 37,482,498 votes. The executive compensation plan also received advisory approval from shareholders at the August 2024 meeting, with 36,530,985 votes in favor.

The voting structure for Commvault's common stock operates on a one-share-one-vote basis. There is no public information indicating dual-class shares or special voting rights. Commvault has a policy prohibiting employees, officers, and directors from engaging in hedging transactions with Commvault common stock. The company also has a 'proxy access' provision in its bylaws, allowing stockholders to nominate director candidates for inclusion in proxy materials. To understand more about the company's financial aspects, you can explore Revenue Streams & Business Model of CommVault.

Key Governance Aspects of Commvault

Commvault's governance structure emphasizes shareholder rights and board independence.

• One-share-one-vote system.
• Proxy access provision for stockholders.
• Commitment to board diversity.
• Prohibition of hedging transactions by insiders.

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Over the past few years, the ownership landscape of Commvault has seen strategic shifts. The company has actively managed its share structure through significant buyback programs, demonstrating confidence in its value. In Q4 of fiscal year 2025, Commvault repurchased approximately 182,000 shares of common stock, totaling $30 million. For the entire fiscal year, the company spent $165 million on share repurchases. The Board of Directors increased the share repurchase program to $250 million as of April 17, 2025, showing a continued commitment to enhancing shareholder value.

Commvault has also strategically expanded its capabilities through mergers and acquisitions. The acquisition of Appranix in April 2024 enhanced ransomware recovery features, followed by the September 2024 acquisition of Clumio for approximately $47 million. These acquisitions are designed to boost Annual Recurring Revenue (ARR) and overall revenue. Leadership changes, including Gary Merrill's move to Chief Commercial Officer in July 2024 and the appointment of Jennifer DiRico as CFO in August 2024, and Bill O'Connell's appointment as Chief Security Officer in March 2025, reflect the company's growth strategy and focus on market expansion and cyber resilience.

Industry trends indicate increasing institutional ownership in Commvault, with a high ratio of 92% and consistent buying activity from institutions in 2024 and early 2025. This reflects growing investor confidence in Commvault's unified data management and security approach. The company is targeting $1 billion in ARR sooner than previously anticipated, with total revenue guidance for fiscal year 2025 between $980 million and $985 million, and anticipates total revenues of $996 million for the full fiscal year 2025. Commvault also expects total ARR growth of 16% to 17% year-over-year for fiscal year 2026, signaling a strong growth trajectory and commitment to shareholder value. For more details on the company's background, consider reading a detailed [Commvault company profile](0).

CommVault Ownership Structure

Commvault is a publicly traded company, and its ownership is primarily held by institutional investors. This structure reflects the company's growth and market presence.

Recent Acquisitions by CommVault

Recent acquisitions, such as Appranix and Clumio, show Commvault's strategy to enhance its capabilities in cyber resilience and data protection, expanding its market reach.

CommVault Financial Performance

Commvault projects strong financial performance, including revenue guidance for fiscal year 2025 and anticipated ARR growth for fiscal year 2026, indicating a positive outlook.

Leadership Changes at CommVault

Leadership changes, such as the appointment of new executives, are aimed at driving growth and expanding Commvault's presence in the market, especially in cyber resilience.

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