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Commvault Expands Its Presence in Data Protection Market with Acquisition of Clumio
On September 14, 2024, Commvault, a global leader in data protection, took a significant step forward by announcing the strategic acquisition of Clumio. The amount of the transaction was not disclosed, but it is known that it will be financed by Commvault’s own funds. The acquisition is expected to close by the end of 2024.
Founded in 2017, Clumio has quickly gained popularity among enterprises using AWS due to its innovative solutions.
The combination of Commvault’s and Clumio’s technologies will provide a comprehensive solution for data protection across on-premises and cloud environments. This synergy will allow to quickly respond to the growing number of cyber-attacks and new regulatory requirements for high levels of data security. This will allow users to get more reliable and effective protection for their data, which will meet modern security standards.
The combination of Commvault’s and Clumio’s products opens up new possibilities for data backup and recovery, especially for large amounts of data. Customers will be able to optimize their IT infrastructures and improve business process efficiency:
- Improve data security. Customers will have more reliable protection for their data in the cloud, which is especially important in the context of increasing cyber threats.
- Recover data quickly. With Clumio technologies, customers will be able to recover their data faster in the event of its loss or corruption.
- Expand capabilities. The combination of Commvault’s and Clumio’s products opens up new possibilities for data backup and recovery, which will allow customers to optimize their IT infrastructures.
The acquisition of Clumio is a strategic move for Commvault, allowing the company to strengthen its position in data protection market and offer customers more comprehensive solutions for data protection in a dynamic digital world.
Learn more Commvault acquires data backup provider Clumio
This agreement is further evidence that the data protection market continues to evolve rapidly. Companies are increasingly investing in developing new technologies and solutions to ensure the security of their customers' data. The acquisition of Clumio will allow Commvault to strengthen its competitiveness in this market and offer customers more efficient and reliable solutions.
