Oceanport CommVault Execs Ring NASDAQ Bell

Oceanport is home to the company's worldwide headquarters... but for how long?

Executives from Oceanport-based CommVault rang in the New Year on Monday for customers and board members with a ring of the opening bell at the NASDAQ Stock Market.

CommVault, a thriving software management firm, is headquartered in Oceanport on Crescent Drive, where its neighbors are a dog park, a cemetery and the purchasing department of St. Barnabas Healthcare. If you weren't looking for the place, you could pass right by it on your way to the BP Station.

Around town, CommVault may be quiet, but on the ticker, it's making a lot of noise. The publicly traded company boasted $97.5 million in revenue last quarter, a 30-percent growth over the prior quarter, and the organization is growing too. Last year, it hired 130 employees and company officials say they have more plans to invest in more workers.

Dani Kennison, senior director of global corporate communications, told Patch this week that the company plans to hire more workers in the near future. "As revenue increases," Kennison said, "so will investment in the organization. Clearly, headcount will be a part of that."

Currently CommVault has 1,425 workers worldwide, of which 540 are located at it's headquarters in Oceanport. 

CommVault was recently in the local news when Oceanport Councilman Joseph Irace gave a prepared statement at the borough's regorganization meeting. Irace alluded to rumors that the company plans to pull up stakes here in favor of a spot on the now-closed Fort Monmouth property in Tinton Falls.

Kennison said she could not comment on that.

The company also has offices in Texas, California and Virginia, as well as a handful of international offices. Kennison said that CommVault focuses on hiring the "right people for the right job," even if they are far away from headquarters. To meet the needs of remote workers like this, CommVault developed Simpana Edge Data protection, a back-up and protection system for laptops and other portable devices that remote workers might use.


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