Exclusive: Commvault explores sale after takeover interest, sources say - Reuters

<a href="https://news.google.com/rss/articles/CBMiowFBVV95cUxObm40Y2JXSmtJM1lBdktQbkJzWnlUSHNZRThvd2ZzcTdZblRSTll0RDg3YUp2VmhVcEF5a1ZhUEEyRGRrUlk0R0FGRXpqVFpiUzFuRjdDN2d1bzBkUUlPRl96bjgwbjVNT1RxcjdMbFc0QlFmSndsVU4tYjdkNkhUMEJVZmlsNzdIMmUzQzI3SHU1RE5teHZhM1d6LVMxaW9jdmw0?oc=5" target="_blank">Exclusive: Commvault explores sale after takeover interest, sources say</a>&nbsp;&nbsp;<font color="#6f6f6f">Reuters</font>

Data protection software provider Commvault Systems is exploring a sale after receiving takeover interest from multiple parties, including private equity firms and strategic buyers. The company is working with Goldman Sachs on its options. Thoma Bravo is among the potential buyers that have expressed interest in recent weeks. Commvault, which has a market capitalization of about $3.5 billion, provides software that helps businesses protect and recover data in the event of cyberattacks, ransomware, system failures, or accidental deletion across major enterprise platforms and cloud providers. Its customers include 3M, Sony, and Hilton. Despite a 60% drop in share price since September 18, Commvault reported strong growth in its most recent quarter, with revenue rising 19% to a record $314 million. Annualized recurring revenue reached $1.085 billion, up 22% from the prior year.

Data protection software provider Commvault Systems is exploring a sale after receiving takeover interest from multiple parties, including private equity firms and strategic buyers. The company is working with Goldman Sachs on its options. Thoma Bravo is among the potential buyers that have expressed interest in recent weeks. Commvault, which has a market capitalization of about $3.5 billion, provides software that helps businesses protect and recover data in the event of cyberattacks, ransomware, system failures, or accidental deletion across major enterprise platforms and cloud providers. Its customers include 3M, Sony, and Hilton. Despite a 60% drop in share price since September 18, Commvault reported strong growth in its most recent quarter, with revenue rising 19% to a record $314 million. Annualized recurring revenue reached $1.085 billion, up 22% from the prior year.

Data protection software provider Commvault Systems is exploring a sale after receiving takeover interest from multiple parties, including private equity firms and strategic buyers. The company is working with Goldman Sachs on its options. Thoma Bravo is among the potential buyers that have expressed interest in recent weeks. Commvault, which has a market capitalization of about $3.5 billion, provides software that helps businesses protect and recover data in the event of cyberattacks, ransomware, system failures, or accidental deletion across major enterprise platforms and cloud providers. Its customers include 3M, Sony, and Hilton. Despite a 60% drop in share price since September 18, Commvault reported strong growth in its most recent quarter, with revenue rising 19% to a record $314 million. Annualized recurring revenue reached $1.085 billion, up 22% from the prior year.

Data protection software provider Commvault Systems is exploring a sale after receiving takeover interest from multiple parties, including private equity firms and strategic buyers. The company is working with Goldman Sachs on its options. Thoma Bravo is among the potential buyers that have expressed interest in recent weeks. Commvault, which has a market capitalization of about $3.5 billion, provides software that helps businesses protect and recover data in the event of cyberattacks, ransomware, system failures, or accidental deletion across major enterprise platforms and cloud providers. Its customers include 3M, Sony, and Hilton. Despite a 60% drop in share price since September 18, Commvault reported strong growth in its most recent quarter, with revenue rising 19% to a record $314 million. Annualized recurring revenue reached $1.085 billion, up 22% from the prior year.