From NJ TECH CORNER: COMMVAULT SYSTEMS, INC


NJ TECH CORNER: COMMVAULT SYSTEMS, INC. January 6, 2019 Esther Surden
Company Overview

Commvault Systems, Inc. (NASDAQ: CVLT) is a global provider of data and information management solutions in the United States and internationally. The company has one of the industry’s leading software portfolios in data protection and recovery, cloud, virtualization, archive, file sync and share. Founded in 1996, Commvault is headquartered in Tinton Falls, NJ, and has offices worldwide. The company has licensed its data and information management software to more than 26,000 customers. Commvault employed over 2,800 employees, as of March 31, 2018.

Earlier this year, investment firm Elliott Management became Commvault’s largest shareholder after acquiring more than a 10 percent stake in the company. The firm’s investment led to the replacement of some of Commvault’s board members and the decision to replace its CEO, citing Commvault’s underperformance as the reason.

Investment & Financial Information

Shares of common stock outstanding (June 29, 2018): 45,580,075
Share price of stock (Jan. 4, 2019 ) $58.06
Share price of stock (one year ago) $53.95
Current valuation (Jan. 4, 2018) $2.64 billion
Valuation one year ago $2.44 billion
Stock Symbol: CVLT
Revenues (year ended March 31, 2018) $699.4 million
Revenues (year ended March 31, 2017) $645.0 million
Net Income (Loss) (as of March 31, 2018) ($3.50 million)
Net Income (Loss) (as of March 31, 2017) ($1.99 million)
Management Team

Name Age Title
N. Robert Hammer 76 Chairman of the Board of Directors,
President and CEO
Alan G. Bunte 64 Executive Vice President, COO
Brian Carolan 47 Vice President, CFO
Ron Miller 51 Senior Vice President of Worldwide Sales


Board of Directors

Name Age Title
N. Robert Hammer 76 Chairman of the Board of Directors, President and CEO
Alan G. Bunte 64 Executive Vice President, COO
Nicholas Adamo NA* Former senior executive, Cisco Systems
Frank J. Fanzillio, Jr. 61 Former Managing Director and Global CIO, Credit
Suisse First Boston; Director, SugarCRM, EnterpriseDB, iBoss
Vivie “YY” Lee NA* Former CEO, First Rain
Martha Helena Bejar NA* Co-founder and CEO, Red Bison Advisory Group, LLC ;
former CEO, Unium Inc., Flow Mobile Inc., Wipro Infocrossing Cloud Computing; Director, CenturyLink Inc., Mitel Corporation
Charles “Chuck” Moran NA* Founder and former CEO and President, Skillsoft;
former President and CEO, NETG Education
Training Group; Director, Manhattan Associates, Inc
Keith Geeslin 65 Partner, Francisco Partners; Director, Synaptics, Inc.
Daniel Pulver 49 Founder and Managing Member, Pulver Capital
Management; Director of several private technology companies
Gary B.Smith 57 President, CEO and Director, Ciena Corporation; Member, Ashridge Management College; Chairman, Advisory Council to Wake Forest Center for Entrepreneurship
David F. Walker 64 Director, Chico’s FAS Inc., CoreLogic Inc.
*Not available

Noteworthy Control

Name Shares of common stock owned % of total common shares

Elliott Associates, L.P. 5,605,462 12.3%
BlackRock, Inc. 4,424,276 9.7%
The Vanguard Group 3,593,724 7.97%
N. Robert Hammer 3,604,344 7.7%
[All information for NJ Tech Corner was taken from the company’s SEC filings and other company sources, with the exception of the company’s valuation.]

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Tags: Commvault, CVLT, data, data and information mangement, information mangement



Esther Surden

Esther is the Founder and Editor in Chief of NJ Tech Weekly



at 11:44 AM 0 comments

Philly EnterpriseTech Highlights 2/2 (In tweets): When Does AWS Break Through $100 Billion?:; SAP restructuring to focus on cloud; CHOP spinoff. acquired







































































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SAP CEO on Qualtrics Acquisition, China, Brexit. (Bloomberg TV)



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Amazon: What can you say about AWS 2018 results? #AWS

Tom Paine




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  • Amazon Web Services (AWS) revenue grew 47% in 2018, to $25.7 billion. That's actually up from 43% growth in 2017, challenging assumptions for now that AWS was following the law of large numbers into a gradually declining growth rate.



  • AWS operating margins grew from 24.9% in 2017 to 28.7% in 2018, a neat trick that will be hard to repeat.




  • For the fourth quarter, Amazon North America delivered slightly more operating income than AWS - $2.25 billion to $2.18 billion.



  • AWS continued to expand its infrastructure in 2018 to best serve customers, launching the AWS GovCloud (US-East) and AWS Europe (Stockholm) Regions, and announcing plans for both the AWS Africa (Cape Town) as well as the AWS Europe (Milan) Regions.



  • Sorry, AWS will not be adding a Philadelphia region in 2019.



  • AWS introduced AWS Backup, a centralized backup service that enables businesses to back up their data across the AWS network and on-premises more efficiently



  • The remarkable thing is how AWS manages to get so many projects off the ground simultaneously.
    It implies a business structure that is flat, and not a central command and control structure.



  • Ellie Mae, Korean Air, Santander’s, Openbank, Pac-12, Mobileye, Guardian Life Insurance, Amgen and National Australia Bank were large new enterprise customers added during the year. The number of financial institutions mentioned is notable.



  • AWS' impact upon the computing industry is more extraordinary since most of customer spend is at the Infrastructure as a Service level rather than more value added apps that run on top of them. Yet at the same time AWS is gradually moving up the value chain.


A list of AWS 2018 enhancements is included in the Amazon Earnings Press Release .

Read Timothy Pickett Morgan's WHEN DOES AWS BREAK THROUGH $100 BILLION? for a look at AWS growth
scenarios.


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Envestnet and PIEtech Announce Partnership with Apprise Labs (Press Release)


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Envestnet and PIEtech Announce Partnership with Apprise Labs
Software companies collaborate on advanced tax, legacy and estate planning capabilities

Envestnet Logo
NEWS PROVIDED BY
Envestnet
Jan 30, 2019, 16:15 ET
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CHICAGO, Jan. 30, 2019 /PRNewswire/ -- Envestnet (NYSE: ENV) and PIEtech® have come together with Edmond Walters to form Apprise Labs, a new startup focused on building software to address estate planning, lifetime cash flow and client retirement needs. The next generation software will add detailed short-term cash flow and tax information to each firm's financial planning solutions, Envestnet Logix and MoneyGuide. The new add-ons will allow advisors to collaborate with clients through an interactive and rewarding user interface to plan for their family's unique legacy needs.

During their on-stage presentation at the T3 Advisor conference tomorrow, Envestnet CEO Jud Bergman, PIEtech co-CEO Bob Curtis and Apprise Labs founder Edmond Walters will unveil that the add-ons will provide advanced, cash flow-based tax and estate planning functionality. Clients using the MoneyGuide platform or the Logix tool will have access to more advanced and interactive estate planning options later in 2019.

"We are excited to be working with two of the most trusted names in the industry to develop a new collaborative financial planning tool that will empower advisors to provide a higher level of client service," said Jud Bergman, Chairman and CEO of Envestnet. "These new capabilities will use visual, interactive technology to help clients manage important financial decisions pertaining to home sales, retirement investments and assets, inheritance gifts, endowment contributions and more. This solution further advances Envestnet's mission of offering holistic financial wellness solutions that make people's lives easier."

Apprise Labs is led by Edmond Walters, the founder and former CEO of eMoney, a premier cash-based financial planning software. As a long-time developer of financial planning tools, Walters recognized a demand for more savvy software that advisors can use to guide their clients through complex decisions related to family finances and the transfer of wealth.

"This technology allows the advisor to show their value. The next generation of tools are going to enable both the advisor and clients to co-create and co-design their plans live and interactively," said Walters. "Whether you are showing a sale of a business, creating trusts for your spouse or gifting to charity or even setting up a private foundation, you should be able to see everything interactively working together. Both the cash flow and estate plan. Coupled with the advisor's case experience, this tool has the potential to provide enormous value to clients and prospects."

Key imbedded and fully integrated add-on features that will be available to users for each platform include:

Estate Planning: Client assets are displayed and broken down in one easy to understand portfolio dashboard.
Cash Flow: Advisors can compartmentalize cash flow by strategy or focus area, such as retirement savings, inheritance gifts, or endowment contributions.
Content Updates: Up-to-date information and content strategy from credible financial experts.
Snapshot: All expenses are tracked and displayed for the advisor to gain a holistic financial planning picture of each client.
"Engaging digital experiences are critical in our industry, as consumer technology raises the bar for seamless, on-demand client service. For over a decade, we have been constantly innovating and redesigning our software to bring a collaborative, goal-based planning experience to advisors and their clients. With this partnership, PIEtech is one step closer to fulfilling its mission of providing advisors with an interactive experience that addresses the intricacies of their clients' lives, from detailed short-term cash flow to estate and legacy planning," said Bob Curtis, co-CEO of PIEtech. "Legacy decisions can be one of the hardest subjects to approach with a client, and we're thrilled to provide advisors with leading technology that can showcase their planning in a dynamic, two-way conversation."

Advisors at the T3 Advisor Conference will be the first to see how in-person legacy conversations with clients can be more impactful with new technology developed by Apprise Labs for both Envestnet and MoneyGuide. Additional information about this new solution will be released at the Envestnet Advisor Summit in Austin, Texas from May 1-3, 2019.

About Envestnet
Envestnet, Inc. (NYSE: ENV) is a leading provider of intelligent systems for wealth management and financial wellness. Envestnet's unified technology empowers enterprises and advisors to more fully understand their clients and deliver actionable intelligence that drives better outcomes and improves lives.

Envestnet Wealth Solutions enables enterprises and advisors to better manage client outcomes and strengthen their practices through its leading Wealth Management Operating System and advanced portfolio solutions. Envestnet Tamarac provides portfolio management, reporting, trading, rebalancing and client portal solutions for registered independent advisors (RIAs). Envestnet Data & Analytics provides intelligent solutions that enable dynamic innovation through its Envestnet Yodlee platform.

More than 3,500 enterprises and over 92,000 advisors including: 15 of the 20 largest U.S. banks, 43 of the 50 largest wealth management and brokerage firms, over 500 of the largest Registered Investment Advisors, and hundreds of Internet services companies leverage Envestnet technology and services.

For more information on Envestnet, please visit www.envestnet.com and follow @ENVintel.

About Apprise Labs
Apprise Labs is a newly founded startup located in the suburbs of Philadelphia, PA. Our goal is to provide innovative and collaborative presentation tools for financial advisors to use alongside their clients. Apprise Labs' software addresses estate planning, lifetime cash flow and client retirement needs.

About PIEtech
PIEtech is the creator of MoneyGuide, a financial planning platform tailored to meet the needs of individual advisors. Headquartered in Powhatan, VA, PIEtech is focused on helping more Americans control their financial future and security by planning for it. For more information on MoneyGuide's powerful planning solutions, visit www.moneyguidepro.com.

Envestnet contact:
Weber Shandwick
Katie Fitzpatrick
952-346-6011
kfitzpatrick@webershandwick.com

Apprise Labs contact:
Kristine Walters
KristineW@appriselabs.com

PIEtech contact:
FiComm Partners
Jessica Torchia
908-872-7319
jessica.torchia@ficommpartners.com

SOURCE Envestnet

Related Links

http://www.envestnet.com

Also from this source


DEC 10, 2018, 09:00 ET
Envestnet's Latest Platform Upgrades Help Foster Meaningful...


AUG 21, 2018, 09:00 ET
Envestnet Enhances User Experience With Latest Platform Updates...

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Envestnet and PIEtech Announce Partnership with Apprise Labs

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Jan 30, 2019, 16:15 ET

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eMoney founder Walters will lead new competitor (Update) #fintech #appriselabs

Tom Paine




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Edmond Walters / LinkedIn


Edmond Walters, founder of eMoney Advisor, the Radnor-based financial planning software firm that Fidelity acquired four years ago, is back in the business with a startup that will compete against his old firm.

Walters sold eMoney to Fidelity in 2015 for $250 million.

Apprise Labss was introduced today at the T3 Advisor Conference in Dallas. The company is backed by Walters and two of eMoney's biggest rivals: Envestnet and PIEtech.

"This technology allows the advisor to show their value. The next generation of tools are going to enable both the advisor and clients to co-create and co-design their plans live and interactively" Walters said in a statement.

eMoney has grown considerably since the Fidelity buyout, and is among the largest tech employers in the region.

PIETech runs the MoneyGuide suite of products, while Envestnet runs Logix. But they are missing the financial planning capabilities of eMoney.

Walters is now free of non-compete restrictions, but one can only imagine a thicket of legal issues that his competing against eMoney might create.

A press release says that Apprise Labs is located in the suburbs of Philadelphia ,

A full rollout of Apprise Labs' new software will take place later in 2019.



Update: From a phone discussion with Apprise Labs:


Apprise Labs is currently located in Berwyn.

Apprise's software has been in development since July 2018.

They employ 11 people right now. However, they say that they're are always looking for more talent and would be interested in Software Engineers and Senior UX/UI Designers (email: careers@appriselabs.com).

Apprise is privately held and funded by Edmond Walters, PIETECH and Envestnet(33% equity each).






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Labels: , , , ,

Busy MissionOG co-leads two fintech deals

Tom Paine




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Philly-based VC firm MissionOG has been busy recently, announcing two new fintech investments in the new year:



  • Co-led with Insight Venture Partners a £25m funding round for Featurespace , a UK-headquartered developer of analytics software for use in fraud detection and risk management.

    Featurespace board member Mike Lynch, who faces criminal charges in the UK for accounting issues at Autonomy (acquired by what was then HP), stepped down from the board.





MissionOG Fund II, announced on Sep 6, 2018, raised a total of $61M.


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Philly EnterpriseTech Highlights 1/29: SAP restructuring, Walmart in deal with Fanatics, USA Technologies CFO steps down



















































































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Richard Vague on Smeconish (CNN) discusses Presidential exploration



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SAP Announces Preliminary Fourth Quarter and Full Year 2018 Results


SAP Announces Preliminary Fourth Quarter and Full Year 2018 Results

January 29, 2019 by SAP News

SAP Hits or Exceeds All Raised Outlook Metrics
Targets More Than 3x Cloud Revenue by 2023

Cloud Subscription and Support Revenue Up 32% (IFRS) and Up 38% (Non-IFRS at Constant Currencies)
in FY 2018
Cloud Backlog Increased 30%, Exceeding €10 Billion at Year-End
Cloud and Software Revenue Up 5% (IFRS) and Up 10% (Non-IFRS at Constant Currencies) in FY 2018
Cloud and Software Order Entry Exceeds €10 Billion, Up 14% at Constant Currencies in FY 2018
Operating Profit Up 17% (IFRS) and Up 10% (Non-IFRS at Constant Currencies) in FY 2018
Guiding for Up to 39% Non-IFRS Cloud Subscription and Support Revenue Growth and Up to 10% Non-IFRS Cloud and Software Revenue Growth in 2019 at Constant Currencies
Guiding for Up to 11.5% Non-IFRS Operating Profit Growth in 2019 at Constant Currencies – Faster Than Total Revenue Growth
Targeting More Than €35 Billion in Total Revenue by 2023
Walldorf, Germany — SAP SE (NYSE: SAP) today announced its preliminary financial results for the fourth quarter ended December 31, 2018.

SAP Earnings Q4-2018

Read the Q4 2018 Quarterly Statement

Tags: Earnings, Investor Relations, sap earnings, SAP Investor Relations
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