Commvault to Enhance AWS Information Safety With $47M Clumio Purchase

Commvault plans to purchase a data protection startup founded by a former Nutanix, VMware and Oracle leader to provide faster recovery for AWS-based applications.

See Also: Get In Tune with Your Cloud Cyber Resilience Strategy

The New Jersey-based cyber resilience vendor mentioned its proposed acquisition of Silicon Valley-based Clumio will guarantee speedy restoration of Amazon S3 information throughout essential outages or cyberattacks. The deal will strengthen Commvault’s information safety and speedy restoration providing whereas serving to Clumio scale its providers globally, enabling a bigger attain for the corporate’s cloud-native safety applied sciences.

“Within the occasion of an outage or cyberattack, quickly getting again to enterprise is paramount to our prospects,” Commvault CEO Sanjay Mirchandani said in an announcement. “Combining Commvault’s industry-leading cyber resilience capabilities with Clumio’s distinctive expertise, know-how and AWS experience advances our restoration choices, strengthens our platform, and reinforces our place.”

Commvault’s acquisition of Clumio is anticipated to shut early subsequent month, and the corporate’s inventory is down $0.15 – 0.1% – to $152.20 per share in buying and selling Wednesday. A spokesperson informed Data Safety Media Group that Commvault executives weren’t instantly obtainable for extra remark (see: Commvault Buys Appranix to Make Ransomware Recovery Quicker).

Commvault Goes Cut price Looking

Commvault can pay simply $47 million for Clumio, a mere fraction of the $261 million the corporate has raised since its founding in 2017. The acquisition worth is smaller than the scale of Clumio’s most up-to-date spherical, the place the corporate obtained $75 million in Collection D funding from Sutter Hill Ventures in February. Clumio’s headcount has climbed from 158 staff in October 2023 to 201 employees right now.

The corporate was led from its inception till Might by Poojan Kumar, who beforehand led engineering and merchandise for Nutanix, information protects for VMware in addition to Oracle Exadata. In Might, Kumar was changed as CEO by former Snowflake gross sales chief and BigPanda Chief Income Officer Rick Underwood. Underwood wasn’t quoted within the information launch asserting Commvault’s acquisition of Clumio.

“Thanks to our prospects and companions to your assist, loyalty and dedication,” Kumar said on LinkedIn after stepping down as Clumio’s CEO. “You may have been the inspiration of our success, and we’ll proceed innovating and constructing for you. I’m extremely excited concerning the shiny future forward for Clumio!”

By buying Clumio, Mirchandani hopes to bolster Commvault’s potential to deal with Amazon S3 and different AWS-based purposes, which he mentioned have turn into essential for organizations that depend on AI and huge information units. Including Clumio will enhance Commvault’s platform for organizations that rely closely on cloud-native purposes by permitting them to recuperate shortly from cyberattacks or outages (see: Clumio CEO on Why AWS S3 Buckets Pose a Giant Security Risk).

The Push to Defend Amazon S3 Buckets

Clumio’s concentrate on AWS S3 information restoration is especially beneficial since S3 buckets have turn into the default storage possibility for a lot of essential cloud-native purposes, Commvault mentioned. Clumio’s know-how supplies near-instant entry to Amazon S3 throughout restoration operations, which Kumar mentioned is essential for organizations that can’t afford important downtime.

“At Clumio, our imaginative and prescient was to construct a platform that would scale shortly to guard the world’s largest and most advanced information units, together with information lakes, warehouses and different business-critical information,” Kumar said in an announcement. “Becoming a member of arms with Commvault permits us to get our cloud-native choices to AWS prospects on a world scale.”

Fast restoration of Amazon S3 information throughout emergencies has turn into more and more essential in right now’s digital panorama as downtime turns into extra pricey, in response to the corporate. Clumio’s know-how might be significantly helpful in scaling Commvault’s information safety efforts for big enterprises, and Kumar mentioned the mixed applied sciences will allow higher service for AWS prospects.

The acquisition of Clumio will instantly profit Commvault’s ARR and income and may have a optimistic impression on the corporate’s free money movement throughout the subsequent three quarters. Commvault mentioned it can pay for Clumio utilizing money readily available.

The Commvault-Clumio deal comes simply 5 months after Commvault bought Boston-based cyber resilience vendor Appranix for $26.3 million to assist prospects stand up and operating sooner after an outage or cyberattack. Appranix was Commvault’s first acquisition since January 2022, when the corporate purchased Israeli cyber deception vendor TrapX Safety for $18.7 million.