Cloud/multi-cloud data protection expansion

“I'm proud that as of today, we've enabled customers to move approximately five exabytes of data into the public cloud. That's nearly a tenfold increase over the past five years, and we do this while enabling them to do it efficiently while minimizing the total cost of ownership.”

“For example, we recently helped Lendlease, a global real estate lender, migrate its data center footprint onto the cloud while reducing complexity and gaining significant operational efficiencies. As a result, they achieved a 50% lower total cost of ownership for data management using Commvault cloud.”

“First and foremost, we've said this—I've said it as long as I've been here, it's a hybrid world. And on the cloud side, it's truly multi-cloud now, and we're pivoting to say cloud first.”

“IDC reported that 73% of all new data will be stored in the Cloud and that spending on public Cloud services is expected to double in the next four years.”

“Next, multi-cloud is not universal. So, customers need agility, diversity, and portability across clouds to reduce lock-in, improve redundancy, and embrace scalability to meet their business needs.”

“We also announced at Shift, deep integrations and expanded relationships with strategic cloud partners, AWS and Google Cloud.”

“We're bringing the breadth of the Commvault Cloud Cyber Resilience platform to AWS customers. And with our recent Clumio acquisition, we're bringing innovative recovery capabilities to Amazon S3.”

“With Google Cloud, we're offering comprehensive data protection and Cyber Resilience capabilities to Google Workspace customers. This includes Gmail, Google Drive, and shared drives; no email left behind.”

“We are excited about the progress made towards integrating Clumio. It furthers our ability to go deeper in the cloud and position us to capitalize on potential AI-related opportunities.”

“During the quarter, we announced the Commvault cloud platform will be available to AWS customers. We also introduced advanced cloud backup and cyber recovery capabilities for Google Workspace. This builds on what we already do today with Microsoft Azure and Oracle Cloud.”

“Our Commvault cloud platform is enterprise-grade and enables customers to easily protect and secure vast amounts of data, including AI and ML data sets across clouds, and given most customers are utilizing multiple clouds, we are innovating across all major providers.”

“Today, Commvault has moved and protects approximately 8 exabytes of customer data into the cloud. This represents a greater than 40% CAGR over the past 5 years.”

“And BBVA, one of the world's largest financial institutions chose Commvault to reduce its cloud-native complexity, strengthen its DORA compliance requirements, and protect its mission-critical AWS data. Commvault cloud unified its data protection across 3 major hyperscalers, and Clumio unlocked a 40% cost savings.”

“Over the past year, we introduced Clumio backtrack for F3 and brought Clumio's unique recovery capabilities of DynamoDB and Apache Iceberg. We are transforming the speed, scale and efficiency in which cloud data can be restored.”

“We expect this rapid pace of growth to continue fueled by the fact that customers are increasingly storing AI data in the cloud. It makes our Clumio portfolio of offerings for AWS more relevant than ever.”

“Our approach manages our customers’ entire data estate, which often spans multiple cloud environments, ensuring their data is ready for AI and can remain competitive in a rapidly evolving digital landscape.”

“And a recent Flexera survey confirmed this to be the case for nearly 90% of enterprises, which, in addition to Microsoft 365, depend on platforms such as Google and Salesforce to meet diverse business needs.”

“Before I turn it over to Jim, I want to spend a moment discussing how we continue to innovate and meet the evolving needs of our customers, many of whom have multi-cloud strategies today.”

“And second are the release of new data security solutions for Google Workspace and Google Cloud customers, reinforcing our commitment to securing and protecting data across multi-cloud environments.”

“This quarter, we have further enhanced our platform with expanded multi-cloud capabilities and deeper integration between our AI power solution suites that accelerate time to value for customers.”

“Specifically, you asked about the governance capabilities that we're rolling out that we announced most recent quarter. We're very excited about that, be able to roll that out to work with our partners around the world to go to market and really take advantage of our great reputation and capabilities in the Microsoft Cloud world when it comes to data curation, data governance and apply that to a multi-cloud setup.”

“So, we have already been supporting Backup-as-a-Service for the Google Workspace ecosystem as well as Salesforce ecosystem. And we also mentioned that outside of the Microsoft Cloud, ecosystem, our coverage is about less than 10% of our revenue today.”

“We're actually surprised to find more and more accounts that have both Microsoft and Google modern workloads in the same companies just across different geos.”

“Our customers are multi-cloud, and they also leverage different vendors for different aspects of their data repositories and enterprise needs.”

“we made significant investments into Google Cloud Protection this quarter and recently added multi-SaaS backup sources like Okta, Confluence, Jira, DocuSign, monday.com, GitHub and Smartsheet, adding to our growing library of protected data.”

“Demand from both new and existing customers looking to protect cloud environments with Varonis continue to positively inflect and is becoming a material contributor to our business.”

“Within our SaaS portfolio, Varonis for cloud environments continue to show traction during Q3, which was driven by the investment we have made in our platform to expand to additional use cases and protect many more platforms.”

“Our ability to protect cloud data represents a significant growth opportunity for us as we're just beginning to scratch the surface.”