Company: CVLT
Filing Date: 2025-10-29
Form Type: 10-Q
Source: 0001169561-25-000089
Chunk: 53

Company: COMMVAULT SYSTEMS INC
Filing Date: 2025-10-29
Form: 10-Q
Item: Item 8
Chunk 53
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 data and AI security company, for a preliminary purchase price of $28,257 in cash consideration. The primary reason for the acquisition was to extend and enhance our product portfolio with data security and AI governance solutions.During the three and six months ended September 30, 2025, we incurred acquisition-related costs of $1,257, which were included in general and administrative expenses. The following table summarizes the preliminary purchase price allocation as of the date of acquisition:Assets acquired and liabilities assumed:Cash$2,242 Trade accounts receivable267 Other current assets and Other assets272 Operating lease assets381 Deferred tax assets, net1,119 Developed technology3,700 Accounts payable and Accrued liabilities(671)Operating lease liabilities(381)Long-term tax reserves(2,469)Deferred revenue(1,264)Total identifiable net assets acquired and liabilities assumed3,196 Goodwill25,061 Total purchase price$28,257 The purchase price allocation is preliminary as it relates to customary closing adjustments and the valuation of income taxes. The amounts recognized will be finalized as the information necessary to complete the analysis is obtained, but no later than one year after the acquisition date.The pro forma financial information of the above business acquisition, assuming the acquisition had occurred as of the beginning of the fiscal year prior to the fiscal year of the acquisition, as well as revenue and earnings generated during the current fiscal year, were not material for disclosure purposes.

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Table of Contents      Commvault Systems, Inc.Notes to Consolidated Financial Statements - Unaudited (continued)(In thousands, except per share data)

5.    Goodwill and Intangible Assets, Net

GoodwillGoodwill represents the residual purchase price paid in business combinations after the fair value of all identified assets and liabilities have been recorded. It includes the estimated value of the integration of acquired technology into current product offerings, the potential expansion with new customers, the opportunity to further develop sales relationships with new customers and intangible assets that do not qualify for separate recognition. Goodwill is not amortized and there were no impairments to the carrying amounts of goodwill during the six months ended September 30, 2025 and 2024. Approximately $35,033 of the goodwill recorded is expected to be deductible for income tax purposes.Changes in goodwill during the six months ended September 30, 2025 were as follows:TotalBalance as of March 31, 2025$185,255 Additions25,061