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TINTON FALLS, N.J. - Commvault (NASDAQ:CVLT), a $7.71 billion market cap company that has delivered an impressive 41.8% return over the past year, announced Tuesday that Alan Atkinson has been appointed as the company’s first Chief Business Development Officer, while Michelle Graff joins as Senior Vice President of Global Partners and Channel.
Atkinson, previously with the company, will focus on building strategic technology and security partnerships, driving co-development initiatives, and creating new go-to-market opportunities within the Business Development organization led by Chief Trust Officer Danielle Sheer.
Graff, who brings over 25 years of partner experience, will lead Commvault’s global partner strategy and ecosystem. She previously served as Vice President of Global Channel Sales and Alliances at Securiti.ai and held leadership positions at HashiCorp, Pure Storage, and Palo Alto Networks.
"As more companies move to the cloud, embrace AI strategies, and adopt industry-leading cyber resilience solutions, Commvault and our partners are more relevant than ever," Graff said in the press release.
Atkinson stated, "With Michelle leading our global partner organization, my new role will focus on extending Commvault’s capabilities across a broader partner ecosystem."
Gary Merrill, Commvault’s Chief Commercial Officer, expressed that these appointments aim to boost partner success and extend the company’s reach with co-developed solutions.
Commvault provides cyber resilience and data protection solutions for hybrid cloud environments, serving more than 100,000 organizations globally.
In other recent news, Commvault Systems reported strong financial results for the first quarter of fiscal year 2025, with earnings per share of $1.03 surpassing the forecast of $0.87. The company’s revenue also exceeded expectations, reaching $275 million compared to the anticipated $251.32 million. This performance was driven by a 45% growth in subscription revenue, which now constitutes 63% of Commvault’s total revenue. In a strategic move, Commvault completed the sale of its corporate headquarters in Tinton Falls, New Jersey, for $36 million, while retaining a portion of the property through a leaseback arrangement. Furthermore, Commvault announced a partnership with Kyndryl to enhance cyber resilience services, showcasing their offerings at the Pure//Accelerate Conference. Analyst firms Piper Sandler and Cantor Fitzgerald maintained a neutral rating on Commvault stock, with price targets of $168 and $173, respectively, citing ongoing growth in the data protection sector. These developments reflect Commvault’s strategic focus on partnerships and financial optimization.
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