Commvault Buys Hedvig, for $225M

CommvaultCommvault (NASDAQ: CVLT), a Tinton Falls, NJ-based provider of software for the management of data across cloud and on-premises environments, is to acquire Hedvig, a Santa Clara, CA-based software-defined storage (SDS) company, for $225m.

The acquisition, expected to close in the company’s fiscal third quarter, subject to certain closing conditions, aims to¬†address challenges with the acceleration of data fragmentation.

Led by Sanjay Mirchandani, CEO, Commvault provides data backup and recovery solutions. Its converged data management solution allows progressive enterprises to protect, manage and use their data. The company’s software, solutions and services are available from the company and through a global ecosystem of partners. Commvault employs more than 2,300 highly-skilled individuals across markets worldwide.

Founded in 2012 by Avinash Lakshman, the inventor of Apache Cassandra and one of the inventors of Amazon Dynamo, Hedvig provides software-defined storage for enterprises building private, hybrid, or multi cloud environments. The Hedvig Distributed Storage Platform is designed to standardize primary and secondary workloads, thereby driving operational efficiency. It consolidates block, file, and object into a single, API-driven platform. The company’s patented technology forms a distributed, scale-out cluster that transforms commodity servers or cloud computing into a flexible foundation for bare metal, hypervisor, and container infrastructure.

FinSMEs

06/09/2019

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