Commvault to acquire software-defined storage vendor Hedvig for $225m
Acquisition to address data fragmentation and broaden Commvault's addressable market
Commvault is set to acquire software-defined storage (SDS) brand Hedvig for $225 million. 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.
This move to cloud, and multi cloud environments, together with cloud native applications is driving competitive advantage for companies for all sizes; yet the acceleration of data fragmentation is negatively impacting business outcomes. This rapid data growth, generated from a variety of sources stored both within on-premises environments and in the cloud will continue to create significant governance, security and management challenges.
“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.”
Hedvig technology addresses data sovereignty problems stemming from data governance laws, and enables hybrid-cloud and multi-cloud capabilities natively. Operational efficiency is achieved via protocol consolidation (block, file, and object storage) on a single platform. “Being completely software based, the Hedvig platform can span multiple data centres across multiple physical geographies including disparate cloud environments,” said Avinash Lakshman, Hedvig CEO.
Hedvig was founded in 2012 by Avinash Lakshman, the inventor of Apache Cassandra and one of the inventors of Amazon Dynamo. The proposed acquisition is expected to close in Commvault’s fiscal third quarter, subject to certain closing conditions.