Commvault, announced recently that it is all set to acquire software-defined storage (SDS) innovator, Hedvig, for $225 million. According to Crawford Del Prete, IDC’s President, “Multi cloud data management is a hard problem for customers to solve, and that translates to value. Commvault’s acquisition of Hedvig is an astute strategic move that allows Commvault to differentiate and enhance its offerings – which broadens its addressable market. We believe this increases the value Commvault can bring to these increasingly complex customer problems.”
“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.”
For years, Commvault has evolved its portfolio to help thousands of long-standing customers of all sizes globally, protect, manage and use their data more effectively. This is demonstrated by the 600-plus petabytes 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. 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 environments,” said 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,” added Mirchandani.