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
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