Commvault Acquires Hedvig to Accelerate its Strategic Vision
This move to cloud and multi cloud environments, together with cloud native applications is driving competitive advantage for companies of 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.
"Multi cloud data management is a hard problem for customers to solve, and that translates to value.
"This acquisition demonstrates how
Hedvig drives significant operational efficiency, addresses the data sovereignty problems stemming from data governance laws, and enables hybrid cloud and multi cloud capabilities natively. Operational efficiency is achieved 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," said
Hedvig was founded in 2012 by
"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.
Investor Conference Call Information
Hedvig provides software-defined storage for enterprises building private, hybrid, or multi cloud environments. The Hedvig Distributed Storage Platform is designed to standardize primary and secondary workloads, thereby driving significant operational efficiency. It consolidates block, file, and object into a single, API-driven platform that keeps pace with ever-growing data needs. Hedvig's patented technology forms a distributed, scale-out cluster that transforms commodity servers or cloud computing into a flexible foundation for bare metal, hypervisor, and container infrastructure. For more information about Hedvig, visit www.hedvig.io
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Miranda Foster, Commvault, 646-370-9785, email@example.com. Michael Melnyk, Commvault, 732-728-5380, firstname.lastname@example.org.