M&A Deal Summary

CommVault Acquires Appranix

On April 16, 2024, CommVault acquired internet software and services company Appranix

Acquisition Highlights
  • This is CommVault’s 1st transaction in the Internet Software and Services sector.
  • This is CommVault’s 2nd transaction in the United States.
  • This is CommVault’s 1st transaction in Massachusetts.

M&A Deal Summary
Date 2024-04-16
Target Appranix
Sector Internet Software and Services
Buyer(s) CommVault
Deal Type Add-on Acquisition

Target

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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Buyer(S) 1

Buyer

CommVault

Tinton Falls, New Jersey, United States
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 2 of 3
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 2 of 3
State (Massachusetts) 1 of 1
Country (United States) 2 of 3
Year (2024) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-04 Hedvig

Santa Clara, California, United States

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.

Buy $225M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-24 Clumio

Santa Clara, California, United States

Clumio is a provider of data protection for critical cloud data in AWS. Clumio helps organizations simplify data protection in AWS. Its secure air-gapped SaaS backup solution enables organizations to achieve ransomware protection, backup and restore data in minutes, and gain better visibility to optimize cloud storage costs. Clumio was formed in 2017 and is headquartered in Santa Clara, California.

Buy -
Mergr

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