Commvault explores sale after takeover interest, sources say

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. 

Why it matters

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. Shares of Commvault jumped more than 17%, before paring some of the gains, after Reuters reported the company is exploring a sale.