Commvault to acquire Hedvig for Rs 1,621 crore

MUMBAI: Data management company Commvault will acquire software-defined storage company Hedvig for Rs 1,621 crore ($225 million), in a deal that is set to expand the Nasdaq-listed firm’s presence in Silicon Valley. Hedvig, founded in 2012 by entrepreneur Avinash Lakshman, has raised up to Rs 375 crore ($52 million) till date, with its last Series-C round being covered by HP Enterprise in 2017.

Lakshman, among the earliest engineers of Facebook, is widely known as the co-inventor of Amazon Dynamo, a database service designed to handle large amounts of data traffic offered by Amazon as part of its Amazon Web Services.

He is also the inventor of Apache Cassandra, an open source database management system also useful for dealing with large amounts of data across servers.


The acquisition fulfills a strategic requirement for Commvault by combining data storage with management and reducing ‘data fragmentation’, said CEO Sanjay Mirchandani.

The deal is intended to help Commvault address data sovereignty problems faced by clients due to increasingly strict data governance laws around the world, and improve its hybrid-cloud and multicloud portfolios.

Commvault opened a support centre in Bengaluru recently.