CommVault, a leading provider of data management software applications under the QiNetix brand name, announced the terms for its IPO on Wednesday. The New Jersey-based company plans to offer 11.1 million shares at a range of $12.50-$14.50, which gives the deal a proposed market cap of $622 million. Credit Suisse and Goldman Sachs are leading the team of underwriters on the deal. Timing has yet to be announced.
