‘Data protection is on top of everyone’s minds’ – US firm Commvault

US data protection and security solutions provider Commvault sees growing opportunities for its business in Latin America as data threats and vulnerabilities are more common than ever in the post-pandemic environment.
“Data protection is now on top of everyone’s mind,” Allan Timchuk, Commvault’s Americas VP for international sales, told BNamericas. “We will continue our engagements in the region and we're looking at accelerated growth, because the opportunity exists.”
During the first eight months of 2022, some 817mn cyberattacks were attempted in Latin America, according to Kaspersky's 2022 Threat Outlook.
This is the highest volume for the period since the record levels seen in 2020, when pandemic-driven fully remote work opened a window of opportunity for attacks. After a drop in 2021, the number of regional attacks increased again in 2022.
Brazil was the country that suffered the most attacks in the first eight months of last year, with the equivalent of 1,554 attempts per minute, Kaspersky reported.
Ransomware groups have gained momentum and are expected to keep IT security executives up at night in 2023 and extortion is expected to be a growing problem for businesses across all industries, particularly those with critical systems.
One of Commvault's main customers now is the power group Enel. In 2020, the Italian multinational was twice hit by attacks, by two different ransomwares, leading it to change its security provider.
"Using Commvault's single platform, we are able to proactively monitor and assess risks, mitigate cyber threats to the business, and protect all workloads, including kubernetes, in multi-clouds, reducing our opex by up to 40% compared to the previous solutions," Bruno Bianchini, Enel’s head of infrastructure & technological services, said in a Commvault release.
Kubernetes is a portable, extensible, open-source platform for managing containerized workloads and services. According to Gartner, by 2025, 85% of global enterprises will be running containerized applications in production.
Bruno Lobo, Commvault's CEO for Latin America, told BNamericas that the company has more than 5,000 clients in the region in different verticals, including energy. Brazil and Mexico are its main markets, he said.
Without providing figures, Timchuck said that Commvault has seen “consistent growth” in the region and that the company expects “even more growth” given the high demand for data protection from customers.
"Because data, in general, is growing by an annual average of 20% CAGR [compound annual growth rate], the problem continues to expand exponentially," argued Timchuck. "It's not a matter of if an organization will be compromised, but when and how will they deal with that."
Despite the overall positive outlook for the region, Commvault’s preliminary global results for its third fiscal quarter of 2023, ended December 31, indicate that revenues were down 4% to US$195mn, with a net loss of US$310,000.
“As customers and prospects continue to grapple with an uncertain outlook, we experienced slower than expected buying patterns and close rate execution. As a result, we saw a pullback in orders in December, particularly in our Americas software business,” Commvault's president and CEO Sanjay Mirchandani said in a statement.
Software and product revenue reached US$89.6mn, down 9% year-on-year, due to a weaker than forecast enterprise market and execution on close rates.
Nevertheless, the company’s services revenue grew by 2%, and annualized recurring revenue (ARR) increased 14%, driven by the group's flagship Metallic cloud-based platform.
Subscribe to the most trusted business intelligence platform in Latin America. Let us show you our solutions for Suppliers, Contractors, Operators, Government, Legal, Financial and Insurance.
News in: ICT

Argentina to expand national fiber optics network in Patagonia
State company Arsat will invest around US$12mn.

Eveo cuts ribbon on Curitiba datacenter serving southern Brazil
The site is the company’s second, adding to a Tier 3 datacenter in São Paulo. The infrastructure-as-a-service (IaaS) group will expand to other sta...
Subscribe to Latin America’s most trusted business intelligence platform.
Other projects in: ICT
Get critical information about thousands of ICT projects in Latin America: what stages they're in, capex, related companies, contacts and more.
- Project: Datacenter in Cancun
- Current stage:
- Updated:
10 months ago
- Project: Datacenter in Guadalajara
- Current stage:
- Updated:
10 months ago
- Project: MX2 Data Center Expansion (Phase 2)
- Current stage:
- Updated:
10 months ago
- Project: Microsoft Cloud Region
- Current stage:
- Updated:
10 months ago
- Project: Second data center for Cloud region
- Current stage:
- Updated:
10 months ago
- Project: Oracle Data Center in Mexico
- Current stage:
- Updated:
10 months ago
- Project: South Pacific Submarine Cable (SPSC) (Cable Mistral)
- Current stage:
- Updated:
10 months ago
- Project: Odata data center in Querétaro (DC QR01)
- Current stage:
- Updated:
10 months ago
- Project: Second Level IV Data Center (Nebula)
- Current stage:
- Updated:
10 months ago
- Project: ZETTA Data Center Complex
- Current stage:
- Updated:
10 months ago
Other companies in: ICT
Get critical information about thousands of ICT companies in Latin America: their projects, contacts, shareholders, related news and more.
- Company: Raylex Diginet S.A.  (Raylex Diginet)
-
Raylex Diginet S.A. is a Chilean company focused on telecommunications engineering offering solutions throughout the life of the project, from preliminary stages to commissionin...
- Company: Ufinet Latam S.L.  (Ufinet)
-
The description included in this profile was taken directly from an official source and has not been modified or edited by the BNamericas’ researchers. However, it may have been...
- Company: Skynet de Colombia S.A. E.S.P.  (SkyNet de Colombia)
-
The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
- Company: AP Geradores
- Company: Honeywell Perú, S.A.  (Honeywell Perú)
-
Honeywell Perú S.A., a local subsidiary of US-based Honeywell International Inc., started operations in the country in 1998. The firm has an office in Lima which opened in 2008 ...
- Company: Innovação Engenharia Ltda.
- Company: Altán Redes S.A.P.I. de C.V.  (Altán Redes)
-
Altán Redes, whose headquarters are located in the City of Mexico, is an international consortium created in 2016 to design, operate and maintain the Mexican telecommunication p...
- Company: Alignet S.A.C.  (Alignet)
-
Alignet is a Peruvian specialized company offering technology and security solutions for the payment industry and e-commerce sector. The company developed the EMV 3D Secure prot...
- Company: Entel PCS Telecomunicaciones S.A.  (Entel PCS)
-
Entel PCS Telecomunicaciones (Entel PCS), a subsidiary of Chilean telco Entel, provides mobile communications service throughout the country. The firm has a 38% mobile subscribe...
- Company: MVM Ingeniería de Software
-
The description included in this profile was taken directly from an official source and has not been modified or edited by the BNamericas’ researchers. However, it may have been...