Tinton Falls-based Commvault on Wednesday announced it will acquire Clumio, a technology leader in data protection for critical cloud data in Amazon Web Services, for an undisclosed price.
The deal is expected to close in early October. Commvault said the purchase price is not material to its earnings and will be funded with cash on hand.
This transaction enables Commvault to leverage data backup and recovery provider Clumio’s AWS offerings to provide cyberresilience to next-generation applications built on AWS. Clumio serves a wide range of customers including Atlassian, Cox Automotive, Duolingo and LexisNexis.
“In the event of an outage or cyberattack, rapidly getting back to business is paramount to our customers,” Commvault CEO Sanjay Mirchandani said. “Combining Commvault’s industry-leading cyberresilience capabilities with Clumio’s exceptional talent, technology and AWS expertise advances our recovery offerings, strengthens our platform and reinforces our position as a leading (Software-as-a-Service) provider for cyberresilience.”
“At Clumio, our vision was to build a platform that could scale quickly to protect the world’s largest and most complex data sets, including data lakes, warehouses and other business-critical data,” Poojan Kumar, co-founder of Clumio, said. “Joining hands with Commvault allows us to get our cloud-native offerings to AWS customers on a global scale.”
BofA Securities served as a financial adviser and Hogan Lovells LLP served as legal counsel to Commvault in connection with the transaction.
