CommVault Named One of the Fastest-Growing Software Companies
CommVault Ranks #8 on Baseline's Top Ten Software Up-and-Comers List
OCEANPORT, N.J., Jul 30, 2007 (BUSINESS WIRE) --
CommVault(R) (NASDAQ:CVLT), has been named to Ziff Davis Media's Baseline magazine "Top Ten Software Up-and-Comers," a ranking of the fastest-growing publicly-traded small U.S. software businesses.
According to the publication, CommVault ranked eighth with 38 percent year-on-year sales growth for fiscal year 2007. As the only company on the list focused exclusively on data management, Baseline magazine credits the adoption of more products and services by an expanding customer base with CommVault's growth.
"CommVault's success is being driven by customers who are eager to implement a Singular approach to Data Protection, Archive, Replication, Resource Management and Search in order to gain operational efficiencies, reduce costs and streamline data management," said David West, CommVault's vice president of marketing and business development. "Baseline's ranking helps validate CommVault's growth and market potential and we are honored to be included among the magazine's list of U.S. software providers as one of the fastest growing companies."
In order to identify its Top Ten Software Up-and-Comers list of companies, Baseline compiled a list of vendors that produce pre-packaged software and had less than $150 million in sales in their last but one fiscal year. Calculations of percentage revenue growth were based on a comparison of each company's revenue in its most recently reported full fiscal year, versus the previous year.
Baseline magazine is a practical guide to costing and managing the deployment of leading-edge information technology. The full article, "Software's Top 10 Up-and-Comers," ranking and accompanying slide show are available online at http://www.baselinemag.com/article2/0,1540,2156052,00.asp.
About Baseline Magazine
Baseline, with its award winning editorial, delivers 125,000 business technology executives, a unique mix of in-depth case studies, tools and instructional lessons learned. Business technology leaders rely on Baseline as their voice of experience - the one indispensable, complete tool to plan, deploy and measure the projects they are undertaking.
About CommVault(R)
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(TM) 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(TM) 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-co)
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)1999-2007 CommVault Systems, Inc. All rights reserved. CommVault, the "CV" logo, CommVault Systems, Solving Forward, SIM, Singular Information Management, Simpana, CommVault Galaxy, Unified Data Management, QiNetix, Quick Recovery, QR, GridStor, Vault Tracker, QuickSnap, QSnap, Recovery Director, CommServe, CommCell, and InnerVault 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.
SOURCE: CommVault
CommVault Media Contact: Dani Kenison, 732-728-5370 pr@commvault.com or Investor Relations Contact: Michael Picariello, 732-728-5380 ir@commvault.com