Acquisition addresses challenges with the growth of data fragmentation
Commvault, a leading provider of software for the management of data across cloud and on-premises environments, announced that it has entered into a definitive agreement to acquire software-defined storage (SDS) innovator, Hedvig, for US$ 225mn.
Gartner expects that by 2023, software-defined storage (SDS) instantiations of vendor storage OSs running in the cloud will become the dominant method of building multi-cloud storage infrastructures.
This move to cloud, and multi cloud environments, together with cloud native applications is driving competitive advantage for companies for all sizes; yet the acceleration of data fragmentation is negatively impacting business outcomes.
This rapid data growth, generated from a variety of sources stored both within on-premises environments and in the cloud will continue to create significant governance, security and management challenges.
“This acquisition demonstrates how Commvault is leading the way towards the intersection of storage and data management,” commented Sanjay Mirchandani, Commvault CEO.
“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,” he added.
For years, Commvault has evolved its portfolio to focus on helping thousands of long-standing customers of all sizes globally protect, manage and use their data more effectively. This is demonstrated by the 600+PB (a million GB) of data managed by Commvault software in the cloud today.
Hedvig drives significant operational efficiency, addresses the data sovereignty problems stemming from data governance laws, and enables hybrid-cloud and multi-cloud capabilities natively.
“Being completely software based, the Hedvig platform can span multiple data centers across multiple physical geographies including disparate cloud environments,” remarked Avinash Lakshman, CEO, Hedvig.
