1 month ago
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It must be acquisition season.
Commvault, a publicly traded data protection and data management software company, today announced that it intends to acquire data backup and recovery provider Clumio for an undisclosed amount.
The deal is expected to close in early October. Commvault says it’s not material to its earnings and that it’ll be funded with cash on hand.
“In the event of an outage or cyberattack, rapidly getting back to business is paramount to our customers,” Commvault CEO Sanjay Mirchandani said in a press release. “Combining Commvault’s industry-leading cyber resilience capabilities with Clumio’s exceptional talent, technology advances our recovery offerings, strengthens our platform, and reinforces our position as a leading software-as-a-service (SaaS) provider for cyber resilience.”
Clumio, based in Santa Clara, California, was founded in 2017 by Poojan Kumar, Kaustubh Patil and Woon Ho Jung. It largely serves to protect AWS workloads, though it introduced support for Microsoft 365 back in 2020 too.
