Commvault acquires Hedvig for $225M, To Accelerate Software-Defined Storage vision in Multi-Cloud

Commvault Systems has acquired the software-defined storage (SDS) startup, Hedvig. The transaction size is worth $225 Million.

The deal valuation includes the purchase price and costs incurred for the employee retention said the announcement.

Founded in 2012, San Francisco based, Hedvig, is a provider of software-defined storage for any enterprise compute environment running at any scale. The company has already raised $52 million in found funding rounds, according to Crunchbase.

Executive Opinion

Crawford Del Prete, President, IDC said, "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."

CEO, Commvault, Sanjay Mirchandani, 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."

CEO, Hedvig, Avinash Lakshman, said, "Being completely software-based, the Hedvig platform can span multiple data centers across multiple physical geographies including disparate cloud environments. This may be the most comprehensive solution ever unleashed into enterprise data centers and public cloud environments."

Commvault's Hedvig Acquisition

The move comes at a time when the adoption of the cloud environments and cloud-native applications are picking the pace. The rapid growth of the data over the cloud as well as on-premise has created governance, management, and security challenges, the announcement notes.
Hedvig Software Solutions helps to address the data sovereignty problems and allow hybrid and multi-cloud operations to be run natively. The solution also reportedly makes operations efficient by streamlining processes on a single platform.

The announcement noted the Gartner observations that say, SDS instantiations of vendor storage OSs running in the cloud will become the dominant method of building multi-cloud storage infrastructures.

The multi-cloud environments, DevOps, DevSecOps and cloud native applications along with containers and microservices is the reality today. Commvault intends to integrate Hedvig's software-defined storage capabilities to offer a solution for active and passive data management in cloud.

The acquisition is expected to close in Commvault’s fiscal third quarter, i.e the fourth 2019 quarter, subject to regulatory approvals.