Acquisition enables Commvault to solve a critical cyber resilience challenge facing enterprises today – rapidly rebuilding cloud applications after an outage or attack
TINTON FALLS, N.J., April 16, 2024 /PRNewswire/ -- Commvault, a leading provider of cyber resilience and data protection solutions for the hybrid cloud, today announced the acquisition of Appranix, a cloud cyber resilience company. Commvault is making this acquisition to help enterprises get up and running even faster after an outage or cyberattack.
According to Statista, the average downtime after a ransomware attack is 24 days. Commvault is helping customers reduce downtime by recovering data rapidly via automation and next-generation cleanroom offerings. But fast data recovery is only part of the equation.
There are dependencies that are necessary to rebuild critical cloud applications, the data those applications rely on, and the cloud infrastructure that runs it all. Dependencies include networking, DNS configuration, application load balancing, security group access, and much more. Appranix automates all of this and can reduce the time it takes to rebuild from days or weeks to, in some cases, hours or minutes.
"We are taking resilience to the next level by marrying Commvault's extensive risk, readiness, and recovery capabilities with Appranix's next-generation cloud-native rebuild capabilities," said Sanjay Mirchandani, President & CEO, Commvault. "We are delighted to welcome Appranix to the Commvault family."
"Joining the Commvault family is a thrilling and natural next step for Appranix as we jointly change the market," said Govind Rangasamy, Appranix Founder and CEO. "We share a common vision to go beyond traditional backups and disaster recovery. Our combined technologies will offer comprehensive, unmatched resilience capabilities for businesses globally."
"Complete cyber resilience is an aspirational goal for most enterprise customers. This acquisition makes cyber resilience-at-speed a reality by extending automated rebuild capabilities to distributed and dynamic cloud applications," said Archana Venkatraman, Research Director, Cloud Ops and Cloud Data Management, IDC.
The Appranix team will join Commvault imminently and the integration of Appranix's technology into Commvault's portfolio is expected to be completed by this summer. In the meantime, customers can leverage Appranix for their cloud application discovery and rebuild requirements, via the AWS, Google Cloud, and Microsoft Azure marketplaces.
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Commvault was advised by Hogan & Lovell LLP.
About Commvault
Commvault (NASDAQ: CVLT) is the gold standard in cyber resilience, helping more than 100,000 organizations keep data safe and businesses resilient and moving forward. Today, Commvault offers the only cyber resilience platform that combines the best data security and rapid recovery at enterprise scale across any workload, anywhere—at the lowest TCO.
About Appranix
Appranix has revolutionized cloud-native cyber resilience with its innovative approach to rapid cyber recovery and business continuity. Their technology allows businesses to seamlessly protect, recover, and manage cloud applications and data against modern cyber threats.
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SOURCE Commvault
Media Contact: Kevin Komiega Commvault, 978-834-6898, kkomiega@commvault.com, Investor Relations Contact: Michael J. Melnyk, CFA, Commvault, 646-522-6160, mmelnyk@commvault.com
