Commvault acquires Hedvig storage for $225M.

Byline: Linda Lindner

Tinton Falls-based Commvault on Wednesday said it will purchase software-defined storage innovator, Hedvig, for $225 million. The deal is expected to close in Commvault's fiscal third quarter and is subject to certain closing conditions.

Commvault says this move to cloud and multi-cloud environments, together with cloud native applications is driving competitive advantage for companies of all sizes and the company is attempting to keep up in a data-storage market filled with cloud-based businesses.

Commvault's products include its flagship Complete Backup and Recovery software, as well as a HyperScale scale-out backup product that is sold as software or packaged on an appliance. The acquisition will bring the company into primary storage.

"This acquisition demonstrates how Commvault is leading the way towards the intersection of storage and data management," said Sanjay Mirchandani, Commvault chief executive officer. "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."

Hedvig drives significant operational efficiency...