Eatontown and Tinton Falls approve the move
CommVault,the Oceanport based Lucent spinoff that is growing at a pace of about 24% per year, has proposed moving it headquarters to the Tinton Falls portion of Fort Monmouth where the company will build a 650,000 square foot facility. CommVault has revenues of about $400 million per year and employs over 1200 people.
The Asbury Park Press reportsthat Oceanport did not support the revisions to the Fort Monmouth Redevelopment Authority’s development plan to accommodate CommVault. Eatontown and Tinton Falls, the other municipalities that host Fort Monmouth, did approve the proposed revisions.
While Oceanport’s disappointment over losing such a fine company is understandable, CommVault has outgrown its current homeand will move out of its Oceanport facility anyway. The company was eyeing the Avaya site in Middletown prior to choosing Fort Monmouth. Monmouth County is fortunate that the company has chosen has chosen to stay here.