On 5 September 2019, Commvault, a cloud and on-premises data software company, has announced that it has acquired Hedvig, a software-defined storage company. The acquisition is said to have cost $225 million, which includes ongoing employee retention and the purchase price.
“Multi-cloud data management is a hard problem for customers to solve, and that translates to value. Commvault’s acquisition of Hedvig is an astute strategic move that allows Commvault to differentiate and enhance its offerings – which broadens its addressable market. We believe this increases the value Commvault can bring to these increasingly complex customer problems,” said Crawford Del Prete, President, IDC. “This acquisition demonstrates how Commvault is leading the way towards the intersection of storage and data management. We believe joining Hedvig’s innovative software-defined storage capabilities with Commvault’s industry-leading data protection reduces fragmentation and leapfrogs other solutions in the market,” added Sanjay Mirchandani, CEO of Commvault.
“Being completely software-based, the Hedvig platform can span multiple data centres across multiple physical geographies including disparate cloud environments. This may be the most comprehensive solution ever unleashed into enterprise data centres and public cloud environments,” said Avinash Lakshman, CEO of Hedvig. Hedvig was founded in 2012 by Avinash Lakshman who is the inventor of Apache Cassandra, as well as one of the inventors of Amazon Dynamo.
This acquisition is expected to close in Commvault’s fiscal third quarter and is subject to specific closing conditions. “Hedvig’s technology is in its prime. It has been market tested and proven. We believe that the convergence of storage, multi-cloud, and cloud native technologies, combined with our leadership in data management will accelerate the movement towards modern applications built on containers and microservices. Commvault will set the bar for the unification of storage and data management for the future,” said Mirchandani.
Edited by Kojo Essah
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