HYDERABAD, India and NEW DELHI, March 19, 2018 /PRNewswire/ -- Commvault (NASDAQ: CVLT), a global leader in enterprise backup, recovery, archive and the cloud, today announced the expansion of its presence in India with a move to a new and bigger office in Hyderabad. The new office to accommodate the emergent demand for its services in India is almost double the area of the old one and is in the prime central location of Madhapur area of Hyderabad in the 'V' Ascendas IT park. This area is known as center of Information Technology activity and has the highest concentration of IT/ITES establishments in the city. With a seating capacity of 250, the new office will cater to the increased workforce that will address the burgeoning Indian market.
The new office in Hyderabad houses our Development Centre, and is one of the five locations in India where Commvault has presence. The state-of-the-art facility provides a contemporary work culture with a gymnasium to promote health and fitness among the employees and a communal area where employees can relax and interact over activities and games.
Mr. Ramesh Mamgain, vice president for India and SAARC region for Commvault at the inauguration said, "the expansion of our presence in India is a measure of our commitment to the Indian market. With Chief Technology Officers (CTOs) of India Inc. looking to adopt data-centric practices for management and protection of company data, there is a huge untapped potential for our data management and protection solutions. With our growing workforce, we are in a position to address future demand for our services."
The Union Budget 2018 saw the Government of India doubling the allocation toward Digital India with an enhanced push to the National Mission on Cyberspace Security. This has set the direction for data protection to take center stage for India Inc. The framework to regulate data privacy in India and the upcoming implementation of the General Data Protection Regulation (GDPR) in the EU, presents a tremendous opportunity for the growth of the data management and protection sector in India.
"The Great Place to work Institute recently certified Commvault in India A Great Place to Work. The opening of our new office in Hyderabad is a tribute to our employees, and marks a new chapter for our India Development Centers (IDC) and for the company. Our center in Hyderabad is the cradle of Commvault's innovation in India. We have come a long way looking back 14 years ago where we only had a handful of engineers in a tiny office space. Today, we have more than 300 talented, passionate and incredibly innovative staff in our IDCs in Pune, Bangalore and Hyderabad. The design is open and collaborative, with areas to recharge over ping pong, air hockey, putting green, books and power naps. The new office will provide a quality, comfortable working environment to our employees," said Mr. Jesper Helt, chief human resource officer at Commvault.
Commvault is a leading provider of data protection, cloud and information management solutions, helping companies worldwide activate and drive more value and business insight out of their data. With solutions and services delivered directly and through a worldwide network of partners and service providers, Commvault solutions comprise one of the industry's leading portfolios in data protection and recovery, cloud, virtualization, archive, file sync and share. Commvault has earned accolades from customers and third party influencers for its technology vision, innovation, and execution as an independent and trusted expert. Without the distraction of a hardware business or other business agenda, Commvault's sole focus on data management has led to adoption by companies of all sizes, in all industries, and for solutions deployed on-premises, across mobile platforms, to and from the cloud, and provided as-a-service. Commvault employs more than 2,700 highly- skilled individuals across markets worldwide, is publicly traded on NASDAQ (CVLT), and is headquartered in Tinton Falls, New Jersey in the United States. To learn more about Commvault – and how it can help make your data work for you – visit www.commvault.com.
Safe Harbor Statement
Customers' results may differ materially from those stated herein; Commvault does not guarantee that all customers can achieve benefits similar to those stated above. 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. The development and timing of any product release as well as any of its features or functionality remain at our sole discretion.
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