Exclusive: Commvault Considers Sale After Receiving Takeover Interest

• Thoma Bravo is among potential buyers that have expressed interest, with one source indicating the buyout firm had already made an earlier offer at an unspecified price
• Commvault's stock has fallen 29% from its all-time high on September 18, reflecting broader software sector struggles as investors worry about AI disruption
• Data recovery has emerged as a resilient cybersecurity pocket, with AI increasing the need for backup and recovery systems rather than displacing them, according to industry observers

Commvault Explores Sale After Receiving Multiple Takeover Offers

Data protection software provider Commvault Systems is exploring a potential sale after receiving acquisition interest from multiple parties, according to sources familiar with the matter. The company, valued at approximately $3.5 billion in market capitalization, has engaged Goldman Sachs to evaluate its options.

Key Developments:

Private equity firm Thoma Bravo is among the potential buyers that have expressed recent interest in the Tinton Falls, New Jersey-based company. Sources indicate Thoma Bravo previously made an offer for Commvault, though timing and price details were not disclosed. Both private equity firms and strategic buyers have approached the company.

Company Profile:

Commvault provides software solutions for data protection and recovery, helping businesses safeguard against cyberattacks, ransomware, system failures, and accidental data deletion across enterprise platforms and cloud providers. Notable customers include 3M, Sony, and Hilton.

Market Context:

Software company valuations have faced pressure amid investor concerns about AI disruption to traditional business models. Commvault's stock has declined 26% since reaching an all-time high on September 18, despite a 12% rally following initial acquisition rumors. This volatility has caused many private equity firms to avoid software deals while AI uncertainties persist.

However, Thoma Bravo Managing Partner Orlando Bravo views the software selloff as a "huge buying opportunity." Data recovery is considered a resilient cybersecurity sector, as AI is expected to increase—rather than diminish—the need for backup and recovery systems.

All parties involved, including Commvault, Goldman Sachs, and Thoma Bravo, declined to comment on the matter.