M&A Deal Summary

CommVault Acquires Hedvig

On September 4, 2019, CommVault acquired software company Hedvig for 225M USD

Acquisition Highlights
  • This is CommVault’s 1st transaction in the Software sector.
  • This is CommVault’s largest (disclosed) transaction.
  • This is CommVault’s 1st transaction in the United States.
  • This is CommVault’s 1st transaction in California.

M&A Deal Summary
Date 2019-09-04
Target Hedvig
Sector Software
Buyer(s) CommVault
Deal Type Add-on Acquisition
Deal Value 225M USD

Target

Hedvig

Santa Clara, California, United States
website
Hedvig, Inc. 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.

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Buyer(S) 1

Buyer

CommVault

Tinton Falls, New Jersey, United States

website

Category Company
Founded 1988
Sector Information Technology
Employees2,848
Revenue 785M USD (2023)
DESCRIPTION

CommVault is a provider of solutions for high-performance data protection, universal availability and simplified management of data on complex storage networks. CommVault was incorporated in 1988 and is based in Tinton Falls, New Jersey.

DEAL STATS #
Overall 1 of 2
Sector (Software) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (California) 1 of 1
Country (United States) 1 of 2
Year (2019) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-16 Appranix

Boston, Massachusetts, United States

Appranix is a cloud-native cyber resilience with an 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. Appranix was founded in 2016 and is based in Boston, Massachusetts.

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