cxo voice
  • Home
  • News
  • View Points
  • Leaders Talk
  • Cyber Security
  • AI
  • Blockchain
No Result
View All Result
  • Home
  • News
  • View Points
  • Leaders Talk
  • Cyber Security
  • AI
  • Blockchain
No Result
View All Result
Leaders Interview, IT and Technology News India | CXO VOICE
No Result
View All Result

Home » News » Commvault Acquires Hedvig for $225 million

Commvault Acquires Hedvig for $225 million

News Desk by News Desk
September 4, 2019
Reading Time: 2min read
Commvault Hedvig

Avinash Lakshman, Hedvig CEO and Sanjay Mirchandani, Commvault CEO

Share on FacebookShare on TwitterShare on LinkedinShare via E-Mail

Commvault acquires software-defined storage innovator Hedvig for total consideration value of USD225 million, It includes current employee retention and purchase cost. This acquisition will enable Commvault to differentiate and enhance its offerings – which broadens its addressable market.

Hedvig was founded in 2012 by Avinash Lakshman, offers software defined storage for enterprises, hybrid, or multi cloud environments, with agreement, Commvault and Hedvig will empowers business to tackle the silos, vendor lock-in, and skill gaps you encounter along the way.

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. “Being completely software based, the Hedvig platform can span multiple data centers across multiple physical geographies including disparate cloud.

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.

On this move, Sanjay Mirchandani, Commvault CEO said, “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.”

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 of data managed by Commvault software in the cloud today.

“Being completely software based, the Hedvig platform can span multiple data centers across multiple physical geographies including disparate cloud environments,” according to Avinash Lakshman, Hedvig CEO. “This may be the most comprehensive solution ever unleashed into enterprise data centers and public cloud environments.”

“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.

  • Read More: Enterprise Spending on Information Security in India Continue to Grow 12% in 2019 : Gartner
Tags: AcquisationCommvaultHedvig
News Desk

News Desk

by CXO VOICE team memebrs, [email protected]

Related Posts

No Content Available
Load More
Next Post
CFO Leadership Summit

Exito's CFO Leadership Summit to be Held in Delhi

ADVERTISEMENT

Expert Views

Key Fintech Trends to look out for in 2021
Finance

Key Fintech Trends to look out for in 2021

January 8, 2021
Banking cybersecurity
Cyber Security

Why Banks and NBFCs must exercise extra cybersecurity measures during festival times?

December 11, 2020
impact of Covid-19 on retirement planning
Insurance

The impact of Covid-19 on retirement planning

December 1, 2020
Cyber Security Awareness
Cyber Security

Five Ways To Enhance Cyber Security Awareness

November 18, 2020
Low Code: Transforming Banking, Today and Tomorrow
Banking

Low Code: Transforming Banking, Today and Tomorrow

November 9, 2020

Get Latest Update

Subscribe to our mailing list to receives newsletter direct to your inbox!

ADVERTISEMENT

Leaders Inerviews

Enterprises, and MSMEs IoT
Leaders Talk

IoT is now seen as an essential enabler for the enterprises to be future ready : Joyjeet Bose

-
Security While Working Remotely interview with Filip Coftas
Cyber Security

Security While Working Remotely [Interview]

-
Akita Security Device Help you Protect your Security During COVID-19 [Interview with Zakir Hussain]
COVID-19

Can Akita Security Device Help you Protect your Security During COVID-19 [Interview]

-
digital transformation and customer experience Newgen software
Interview

Digital Transformation Journey helps Newgen Software Improve Customer Experience [Interview]

-

Entrepreneur

Technology Adoption For Entrepreneurs

Volunteering management is the need of the Hour

Significance Of Ethical Entrepreneurship In The Post COVID-19 Economy

Five tips for entrepreneurs to tide over the coronavirus crisis

CXO VOICE is a premier resource for the enterprises, SMBs and Startups CXOs and business leaders, It enables CXOs and business executives gain access key insights, experts views, analysis, business strategy, and leaders interviews on what’s happening in the market and its impact.

Connect with us

Easy Links

  • Cryptocurrency
  • Event
  • Blockchain
  • Press Release
  • Resources & Downloads

Write Us

[email protected]

Newsletter

Subscribe to our mailing list to receives newsletter direct to your inbox!

  • Home
  • About
  • Contact Us
  • Advertise
  • Privacy & Policy
  • Feedback

© 2018 CXO VOICE

No Result
View All Result
  • Home
  • News
  • View Points
  • Leaders Talk
  • Cyber Security
  • AI
  • Blockchain

© 2018 CXO VOICE