CommVault going public

By Deni Connor, NetworkWorld.com, 03/21/06

CommVault, a vendor of backup and recovery, compliance and business continuity software for Windows, Linux, NetWare, Macintosh and Unix Systems, filed for an IPO late last week.

The company hopes to raise $150 million by going public. If Commvault does indeed go public, it will be the first storage IPO in recent years. Engenio (LSI Logic) and Engenera both filed for IPOs last year, but later withdrew them.

One of the last high-profile IPOs was StorageNetworks and everyone knows what happened to them -- the once high-flying storage management company went bankrupt in 2003. Its executive vice president of advanced technology, Ash Ashutosh, went on to found AppIQ, which was sold last year to HP.

Good luck, CommVault.

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Comments

I use two of Commvaults products and is very please with the results; Galaxy and Storage Resource Manager. Highly recommend taking a look at their products line and you'll not be disappointed in quality of backups, data restoration, ease of adminisrtation and reporting. Contact the company for product details and demonstration.

Posted by: Tony on April 8, 2006 12:29 PM

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