NASDAQ listed Commvault, a prominent provider of Management Software has entered into an agreement to acquire Hedvig, a Software-Defined Storage (SDS) startup for a total sum of $225 million.
The cost covers the purchase price and ongoing employee retention, the firm said in a statement on Saturday. Commvault provides Data Management solutions and is a leader in data backup and recovery.
“This acquisition demonstrates how Commvault is leading the way towards the intersection of storage and data management,” said 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.
As per the studies by Gartner, by 2023, software-defined storage (SDS) instantiations of vendor storage, OSs running in the cloud will become the primary mode of assembling multi-cloud storage infrastructures.
This transition to cloud and multi-cloud ecosystems, coupled with cloud-native applications will benefit small and bigger companies alike. However, increased data fragmentation is affecting businesses negatively. Also, the rapid data growth on-premises and cloud can pose a host of challenges. This could range from a governance issue to security issue.
Read More: Google Cloud and VMware Extend Strategic Partnership
The solutions offered by Commvault help companies to manage and protect several hundred petabytes of data. Commvault software manages over 600 petabytes of data in the cloud today. Hedvig, on the other hand, deals with data sovereignty problems. It offers hybrid cloud and multi-cloud capabilities and the company has been steadily widening its customer base.
“Being completely software-based, the Hedvig platform can span multiple data centers across multiple physical geographies including disparate cloud environments,” said Avinash Lakshman, Hedvig CEO.
Lakshman, the inventor of Apache Cassandra Co-founded Hedvig in 2012. He is one of the inventors of Amazon Dynamo.
Read More: AiThority Interview with Robin Bordoli, President at RollWorks
At this time I am going away to do my breakfast, when having my breakfast coming again to read additional news.
Hi there, I log on to your blog daily. Your writing style
is awesome, keep up the good work!
Hello there, just became aware of your blog through Google, and found that it’s really informative.
I am going to watch out for brussels. I’ll appreciate if
you continue this in future. Numerous people will
be benefited from your writing. Cheers!
Heya! I know this is sort of off-topic however I needed to ask.
Does running a well-established blog like yours take a massive amount work?
I am completely new to running a blog but I do write in my
diary on a daily basis. I’d like to start a blog so I will be able to share my
personal experience and feelings online.
Please let me know if you have any ideas or tips for new aspiring blog owners.
Appreciate it!
of course like your website however you need to
take a look at the spelling on quite a few of your posts.
Many of them are rife with spelling problems and I find it very troublesome to tell the truth then again I will surely come again again.
Your style is very unique in comparison to other people
I’ve read stuff from. I appreciate you for posting when you’ve got
the opportunity, Guess I will just bookmark this site.
No matter if some one searches for his necessary thing, so
he/she needs to be available that in detail,
thus that thing is maintained over here.
Hey! Would you mind if I share your blog with my twitter group?
There’s a lot of folks that I think would really enjoy your content.
Please let me know. Thank you
It’s very straightforward to find out any matter on web as compared to books,
as I found this article at this web page.
Hello! Do you know if they make any plugins to help with Search Engine Optimization? I’m trying
to get my blog to rank for some targeted keywords but I’m not
seeing very good success. If you know of any please
share. Kudos!
If some one desires expert view regarding blogging after
that i advise him/her to pay a visit this weblog, Keep up the good work.
Good day! I know this is kinda off topic but I was wondering
if you knew where I could get a captcha plugin for my comment form?
I’m using the same blog platform as yours and I’m having problems finding
one? Thanks a lot!
Today, I went to the beachfront with my kids.
I found a sea shell and gave it to my 4 year old daughter and said “You can hear the ocean if you put this to your ear.” She placed
the shell to her ear and screamed. There was a hermit
crab inside and it pinched her ear. She never wants to go back!
LoL I know this is entirely off topic but I had to tell someone!
It’s awesome in support of me to have a website, which
is valuable in favor of my know-how. thanks admin
I like the valuable info you provide in your articles. I’ll bookmark your weblog and check
again here frequently. I’m quite certain I will learn a lot of new stuff right here!
Good luck for the next!
Hello Dear, are you actually visiting this website regularly, if so then you will definitely
obtain good know-how.