Clumio Acquisition Helps Commvault Accelerate Cyber Resilience Capabilities for AWS
Commvault Provides Cloud-First Organisations with Greater Choice and Flexibility to Protect and Recover Data and Cloud-Native Applications in the Multi-Cloud Era
Commvault, a leading provider of cyber resilience and data protection solutions for the hybrid cloud, has announced it will acquire Clumio, a technology leader in data protection for critical cloud data in AWS.
This transaction enables Commvault to leverage Clumio’s AWS offerings to provide cyber resilience to next-generation applications built on AWS. The data protection provider serves a wide range of customers including Atlassian, Cox Automotive, Duolingo, and LexisNexis.
Clumio Brings Groundbreaking Innovations to Recovery
More and more organisations are relying on Amazon S3 as their de facto storage offering, including for Artificial Intelligence development in the cloud. Clumio has brought groundbreaking innovations to market in this area, including technologies that enable customers to have near-instant access to their Amazon S3 data during a time-critical recovery operation.
“In the event of an outage or cyberattack, rapidly getting back to business is paramount to our customers,” said Sanjay Mirchandani, CEO at Commvault. “Combining Commvault’s industry-leading cyber resilience capabilities with Clumio’s exceptional talent, technology, and AWS expertise advances our recovery offerings, strengthens our platform, and reinforces our position as a leading SaaS provider for cyber resilience.”
“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,” said Poojan Kumar, Co-Founder of Clumio. “Joining hands with Commvault allows us to get our cloud-native offerings to AWS customers on a global scale.”
The asset acquisition is expected to close in early October 2024, and be immediately accretive to ARR and revenue, and accretive to free cash flow within the next three quarters. The purchase price is not material to Commvault and will be funded with cash on hand. Commvault reiterates the fiscal second quarter 2025 earnings guidance previously announced on 30 July 2024.
BofA Securities served as a financial advisor and Hogan Lovells LLP served as legal counsel to Commvault in connection with the transaction.
