Commvault Provides Customers the Data Insights That Improve Business Outcomes With Introduction of New Data Analytics Portfolio
-- Introduces new information governance for data privacy application for Identifying and Reducing GPDR Compliance Risk as First Portfolio Application --
Tinton Falls, N.J. and Washington, D.C. – Nov. 7, 2017 - Commvault (NASDAQ: CVLT), the global leader in enterprise backup, recovery, archive and the cloud, today at Commvault GO 2017 announced a new analytics portfolio of applications, capabilities, solutions and services, all built on the Commvault Data Platform. The platform is designed to help customers have access to the right data and analytics in order to gain the insights needed to improve business outcomes.
This new portfolio includes applications and an application framework, new capabilities, solutions and packaged service offerings all created to help customers obtain better data insights for compliance, eDiscovery and a variety of other digital transformation use cases. With the Commvault analytics portfolio, customers can create actionable data visualizations and implement business rules to drive workflows, all from a single platform. The portfolio’s capabilities will further empower Commvault’s customers to simplify management of growing amounts of data, and activate this data to reduce risk and improve business outcomes.
The first application in the portfolio will be for information governance and data privacy, and will be demonstrated this week at Commvault GO 2017. Fully integrated into the Commvault Data Platform, the new application offers customers the ability to identify, manage and reduce data privacy risks in compliance with the European Union’s General Data Protection Regulation (GDPR) and other data privacy regulations.
Meeting the GDPR Challenge
Enterprises around the world are preparing to comply with GDPR, one of the toughest data privacy regulations in the world, when it takes effect on May 25, 2018. Commvault’s new data privacy application can address many GDPR compliance challenges, enabling enterprises to better understand what personal data they have, respond to customer requests and meet GDPR obligations regarding the collection, storage and handling of personal data.
Designed with input from Commvault customers addressing GDPR compliance challenges, enterprises can use the new application to:
- Detect an expandable set of personal data, initially focusing on Personally Identifiable Information (PII) on file systems and endpoints.
- Use dashboards, reports and visualizations to map where this PII information is located and drill down into this data, allowing them to develop, implement and automate data privacy risk management policies.
- Create and assign automated work tasks to address customer requests and other remediation actions for PII data disclosure, export and erasure.
- Produce audit trails of PII data management actions.
“Transforming enterprise data into a strategic asset that can be used to cut costs, improve customer service, reduce risk exposure and otherwise increase stakeholder value is no longer a nice competitive advantage. It’s a requirement of success for today’s digital businesses,” said N. Robert Hammer, chairman, president and CEO of Commvault. “With the introduction of the new Commvault Data Analytics Portfolio and its first application, we are delivering on our vision to push Commvault further into the analytics space while providing customers with the mission critical data capabilities needed to solve their real-world business challenges.”
The general release of Commvault’s information governance for data privacy is targeted to be available by the end of December. Commvault’s new information governance for data privacy application helps enterprises develop action plans and data policies to meet the requirements of GDPR and other data privacy regulations automatically, consistently and at scale, while also proving to regulators that they have met their compliance obligations. With these capabilities, the application enables enterprises to reduce the risk of fines (up to €20 million or 4 percent of a company’s annual global turnover), reputational loss and other consequences for GDPR non-compliance, while also increasing their customers’ trust in their ability to appropriately handle and protect their personal data.
Commvault’s information governance for data privacy is distributed directly and through its broad global network of partners, with many of these partners offering services to help customers maximize the benefits of the application. Commvault said its portfolio of analytic applications, capabilities, solutions and services will be continually built upon over the next 18 months.
Commvault is a leading provider of data management solutions, helping companies worldwide activate their data to drive more value and business insight and to transform modern data environments. 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 premise, 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
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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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