Tinton Falls-based Commvault on Wednesday said it will purchase software-defined storage innovator Hedvig for $225 million. The deal is expected to close in Commvault’s fiscal third quarter and is subject to certain closing conditions.
Commvault says this move to cloud and multi-cloud environments, together with cloud native applications is driving competitive advantage for companies of all sizes and the company is attempting to keep up in a data-storage market filled with cloud-based businesses.
Commvault’s products include its flagship Complete Backup and Recovery software, as well as a HyperScale scale-out backup product that is sold as software or packaged on an appliance. The acquisition will bring the company into primary storage.
“This acquisition demonstrates how Commvault is leading the way towards the intersection of storage and data management,” said Sanjay Mirchandani, Commvault chief executive officer. “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.”
Hedvig drives significant operational efficiency, addresses the data sovereignty problems stemming from data governance laws, and enables hybrid cloud and multi-cloud capabilities natively. Operational efficiency is achieved via complete protocol consolidation (block, file, and object storage) on a single platform.
Hedvig was founded in 2012 by Avinash Lakshman, the inventor of Apache Cassandra and one of the inventors of Amazon Dynamo.
“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,” Mirchandani added.