Commvault (NASDAQ: CVLT), a recognized global leader in backup, recovery, the cloud and data management across any hybrid environment, today announced that its Board of Directors (the "Board") unanimously approved the termination of the Company's rights agreement, which was originally scheduled to expire on November 14, 2018. The plan has been amended to accelerate the expiration date to August 1, 2018, effectively terminating the plan as of that date.

Further details about the rights agreement will be contained in a Form 8-K to be filed by the Company with the SEC.

About Commvault

Commvault is a recognized global leader in backup, recovery, the cloud, and data management across any hybrid environment. Commvault's converged data management solution redefines what backup means for the progressive enterprise through solutions that protect, manage, and use their most critical asset — their data. Commvault software, solutions and services are available from the company and through a global ecosystem of trusted partners. Commvault employs more than 2,700 highly-skilled individuals across markets worldwide, is publicly traded on NASDAQ (CVLT), and is headquartered in Tinton Falls, New Jersey in the United States. To learn more about Commvault visit www.commvault.com.