CommVault CEO On Share Rise, Growth and Competition - TheStreet

Shares of CommVault (CVLT) - Get Report are up an impressive 35% so far in 2016. Not a bad way to celebrate the data-storage specialist's 10-year anniversary as a public company, says CEO Bob Hammer.

"Large enterprises moving to the cloud, mobile, next-generation on-premise and IT infrastructure have been the major catalysts for our success and we intend to keep going -- and growing," says Hammer.

On the topic of growth, Hammer says CommVault has opted to grow organically since the company's inception. However, he is not averse to a "selective tuck-in acquisition" if it makes sense.

CommVault provides data protection and information-management solutions, helping companies 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 global network of partners and service providers, CommVault solutions comprise one of the industry's top portfolios in data protection and recovery, cloud, virtualization, archive, file sync and share.

CommVault has been especially strong in attracting public sector clients in 2016. New and existing customers who have expanded their investment into CommVault's portfolio of data-management solutions this year include the National Institute of Health, National Library of Medicine, Bureau of Consumer Financial Protection, Small Business Administration, U.S. Railroad Retirement Board and the Department of Justice and Equality.

The cloud has been a major focus for CommVault. In the first half of 2016, the company experienced a more than 60% increase in the petabytes of data being stored using CommVault software within public cloud environments.

Finally, Hammer says CommVault is a partner -- not a competitor -- with Amazon (AMZN) - Get Report in helping customers onto the web giant's AWS cloud infrastructure platform.