Commvault is a data management software company that manages large amounts of customer data across various platforms and locations. The document discusses Commvault's Activate product, which aims to provide faster access to data through search and analytics capabilities. Activate allows users to search indexed data, access copies of data on-demand for various uses like testing and development, and derive insights through features like clustering and natural language processing. It provides a single platform to manage data across its lifecycle and help users make more informed decisions.