More companies are hiring CommVault Systems Inc. to manage their data. So much so that CommVault needs a bigger home to manage itself.
The Oceanport-based software company is inching closer to opening its new Tinton Falls location, a 55-acre campus that will house headquarters about triple the size of its current home.
The transition, expected to begin later this year, can't start soon enough for CommVault, which executives say is bursting out of its existing Crescent Place facility.
“Our CEO said we're having our next Christmas party in this building, come hell or high water,” said David West, senior vice president of worldwide business marketing at CommVault.
The full expansion, part of a broader effort to transform Fort Monmouth after the military base's closure there two years ago, is set to take place in three phases over 20 years. The $70 million project contains three, four-story buildings totaling 275,000 square feet.
The new campus is big enough that CommVault, which purchased the parcel at Hope Road and Tinton Avenue for $5.9 million in 2012, can eventually house 1,500 additional employees at full capacity. The growing company employs about 700 locally now.
West said CommVault chose to remain in the area given its New Jersey roots and the state's highly educated work force. The project was helped by more than $8 million in New Jersey Economic Development Authority grants contingent upon retaining and expanding jobs.
“We're putting our money where our mouth is in terms of infrastructure,” West said.
An AT&T Bell Labs spinoff formed in 1996, CommVault began as a provider of software backup and recovery systems. It has grown exponentially, posting 22 percent revenue growth last year to $496 million.
Not only are companies storing more data today, but they are doing so from disparate locations, ranging from desktop to mobile devices, both on site and in the cloud.
CommVault, through its flagship software product Simpana, helps midsize to large companies store that data. It also indexes and organizes according to content — sort of an internal Google — so employees can search for information based on topics.
“Once you have all that data under management, anything can be located,” West said. “It's almost limitless how you can use that data once it's indexed.”
West said this helps compliance officers stay aware of potential legal liabilities roaming somewhere in cyberspace — think emails deleted years ago. West said it also helps general strategy, making it easier to access actionable information.
A financial services company that wants to track internal information about a stock currently trending can do so right away, West said. Same for health care clients who might need to quickly access a medical image in their files recorded by a radiologist.
“We've carved a unique position, not only protecting data but converting that data into analytics,” West said. “We take that dark space and convert it into an asset that companies can use to mark smart business decisions.”
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