Commvault explores sale after takeover interest, sources say
Source: The Star
Published on: 2026-04-10 23:58
NEW YORK, April 10 (Reuters) - Data protection software provider Commvault Systems is exploring a sale after receiving takeover interest from multiple parties, according to four people familiar with the matter. Commvault, which has a market capitalization of about $3.5 billion, is working with Goldman Sachs on its options, according to the sources, after fielding inquiries from both private equity firms and strategic buyers. Thoma Bravo is among the potential buyers that have expressed interest in Commvault in recent weeks, said two of the sources. One source said the buyout firm had already made an earlier offer for the company, without specifying when and at what price. Shares of Commvault jumped more than 17% on Friday, before paring some of the gains, after Reuters reported the company is exploring a sale. Commvault, Goldman Sachs, and Thoma Bravo declined to comment. Tinto...
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