CommVault Rated "Promising" in Leading Analyst Firm's E-Discovery Software Product MarketScope

January 14, 2009
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OCEANPORT, N.J., Jan 14, 2009 (BUSINESS WIRE) -- CommVault (NASDAQ: CVLT):

  • CommVault (NASDAQ: CVLT) has been rated Promising in Gartner's MarketScope for E-Discovery Software Product Vendors, published December 17, 2008.1 According to the report, "[t]he e-discovery market includes products and services that allow electronically stored information (ESI) of all types to be identified, preserved, collected, processed, reviewed, produced and managed over a period of time."
  • To outline the changes in the 2008 MarketScope for E-Discovery Software Product Vendors, Gartner noted that "[t]his year's MarketScope will be different to last year's in two significant ways. First, service providers will not be included in this year's MarketScope evaluation. Second, the research note will not include vendors with under $10 million in total revenue."
  • CommVault(R) Archive and Search software, two modules that are part of the CommVault Simpana(R) data and information management suite, form the backbone of the CommVault Simpana(R) eDiscovery solution allowing customers to capture, investigate, preserve and disclose information simply and securely. These capabilities help legal teams control eDiscovery risk as well as enabling IT departments to control data growth through deduplication. Both can lead to significant reductions in the overall cost of records retention and discovery.
  • With newly adopted US changes to the Federal Rules of Civil Procedure (FRCP), and the growing worldwide trend to preserve ESI as evidence, organizations are realizing that ESI is no longer limited to just obtaining and securing on-line email. CommVault Search software ensures rapid discovery of information across a wide range of content sources, and across any tier of storage in the enterprise, while CommVault Archive software allows specific retention and security policies to be defined in one application that span different data types and repositories. Using Simpana software ensures that proper data retention and disposition is managed. More importantly, in the event of litigation, it allows for a legal retention hold to be placed across relevant data, multiple sites and geographies from within one user interface.
  • Gartner's MarketScope notes that "[s]pending on electronic discovery (e-discovery) software and services offerings is forecast to grow by between 25% and 35% annually through 2012." The report further provides that "[e]nterprises purchasing e-discovery software can reduce the costs of litigation by improving their control over unstructured content, and semi-structured content, most notably e-mail. Also, they can cut costs and risks by taking control of litigation hold, litigation-hold tracking, file collection, file processing and legal review instead of outsourcing these functions."
  • As organizations evaluate the offerings of vendors in this market, CommVault Simpana software offers several key advantages inherent in CommVault's Singular Information Management(R) approach. A powerful, yet simple single platform methodology allows organizations to quickly address the mounting requirements for long-term data retention and compliance management, so that customers benefit from significantly reduced risk, ease-of-administration, enterprise-class scalability and reduced overall cost and complexity.

Supporting Quotes

  • "The true cost of eDiscovery can be debilitating, between the risks of fines and sanctions, the drain on corporate resources, lost productivity from legal fishing expeditions and the cost of outsourcing eDiscovery actions," said Simon Taylor, senior director of CommVault's Information Access Management group. "By offering businesses the ability to search and discover any electronically stored information across the enterprise, managing its retention, preservation and ultimately destruction, CommVault continues to help customers improve legal review efficiency and reduce the overall risk and cost of eDiscovery. Our commitment to driving innovation in this market is second to none and in my opinion this is reflected in our rating in the Gartner MarketScope for E-Discovery Software Product Vendors."

Additional Resources:

About the MarketScope

The MarketScope is copyrighted 2008 by Gartner, Inc. and is reused with permission. The MarketScope is an evaluation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the MarketScope, and does not advise technology users to select only those vendors with the highest rating. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About CommVault

A singular vision -- a belief in a better way to address current and future data management needs -- guides CommVault in the development of Singular Information Management(R) solutions for high-performance data protection, universal availability and simplified management of data on complex storage networks. CommVault's exclusive single-platform architecture gives companies unprecedented control over data growth, costs and risk. CommVault's Simpana(R) software suite of products was designed to work together seamlessly from the ground up, sharing a single code and common function set, to deliver superlative Data Protection, Archive, Replication, Search and Resource Management capabilities. More companies every day join those who have discovered the unparalleled efficiency, performance, reliability, and control only CommVault can offer. Information about CommVault is available at www.commvault.com. CommVault's corporate headquarters is located in Oceanport, New Jersey in the United States. (cvlt-pd)

Safe Harbor Statement

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.

(C)1999-2008 CommVault Systems, Inc. All rights reserved. CommVault, CommVault and logo, the "CV" logo, CommVault Systems, Solving Forward, SIM, Singular Information Management, Simpana, CommVault Galaxy, Unified Data Management, QiNetix, Quick Recovery, QR, CommNet, GridStor, Vault Tracker, InnerVault, Quick Snap, QSnap, Recovery Director, CommServe, CommCell and ROMS, 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.

1 Logan, Debra, Andrews, Whit, Bace, John, Gartner, MarketScope for E-Discovery Software Product Vendors (Gartner Inc. 17 December 2008)

SOURCE: CommVault 

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