Commvault explores sale after takeover interest

NEW YORK: 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.