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.