Commvault to exploit cloud native technologies with $225 million-Hedvig purchase

NASDAQ-listed data management solutions provider Commvault has entered into a definitive agreement to acquire software-defined storage (SDS) innovator, Hedvig, for a total consideration of $225 million, which includes the purchase price and ongoing employee retention.

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.

Hedvig was founded in 2012 by Avinash Lakshman, the inventor of Apache Cassandra and one of the inventors of Amazon Dynamo. Hedvig drives significant operational efficiency, addresses the data sovereignty problems stemming from data governance laws, and enables hybrid-cloud and multi-cloud capabilities natively. Hedvig achieves operational efficiency 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,” says Avinash Lakshman, Hedvig CEO. “This may be the most comprehensive solution ever unleashed into enterprise data centers and public cloud environments.”

“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’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,” Mirchandani added.