Commvault secured a deal to buy software-defined storage startup Hedvig for $225 million.
This is Commvault’s first acquisition since Sanjay Mirchandani was named president and CEO earlier this year.
"This acquisition demonstrates how Commvault is leading the way towards the intersection of storage and data management," Mirchandani said in a statement.
From multiple public clouds to on premises, data is fragmented and stored in various formats including block, file or object storage. Meanwhile, data management vendors are moving to unify storage and data management to remedy data fragmentation for businesses.
Suffice to say, data fragmentation will continue to be the raisins in the oatmeal cookie as it creates significant governance, security, and management challenges — ruining what could be a perfect bite.
Hedvig offers Commvault an oatmeal cookie recipe without the raisins, providing software-defined storage technology to help mitigate the challenges that come with fragmented data.
“We fundamentally believe we need to continue bridging the gap between data and its underlying storage infrastructure. Bringing together Hedvig’s innovative storage technology with our proven data management offering helps accomplish this goal,” said Don Foster, VP of storage solutions at Commvault, in an emailed response to questions.
The acquisition is expected to close in the first quarter of 2020. Software products from the companies will continue to be sold separately with integration plans to be determined after the official closing. “We have a very interesting roadmap already in mind, and we plan on revealing some of this at Commvault GO in October,” Foster added.
HedvigSanta Clara, California-based Hedvig was founded in 2012 by Avinash Lakshman, who previously worked at Amazon and Facebook where he specialized in building large web-scale systems like Dynamo and Cassandra, and his brother Srinivas Lakshman, VP of engineering at Hedvig.
The company's distributed storage platform deploys in standard commodity servers, aggregates the capacity across servers, and exposes it to applications as a standard tool.
It closed a $21.5 million Series C funding round early in 2017, reeling in Hewlett Packard Enterprise (HPE) as a new investor. This brought Hedvig’s total raised to $52 million and resulted in a partnership with HPE.
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