Start-up’s software-defined storage platform delivers data unification
Commvault, a data management and security vendor that has seen its revenue and stock decline this year and has garnered the attention of activist investor Elliott Management, is adding software-defined storage (SDS) capabilities to its portfolio through a $225 million acquisition of Hedvig.
The Lowdown: Commvault is looking to navigate its way through a rapidly changing IT world in which more enterprises are migrating workloads into the cloud and data is becoming widely distributed in everything from traditional on-premises storage hardware to multiple cloud environments and cloud-native applications, challenging organizations’ capabilities for managing and securing the data. Bringing Hedvig’s SDS technology into the fold is designed to help reduce the fragmentation of the data and give end users greater control.
The Details: Hedvig’s Distributed Storage Platform consolidates block, file, and object storage onto a single platform and addresses multiple environments, including bare metal infrastructure, hypervisors, and containers. The platform addresses all aspects of hybrid cloud deployments, and the idea is to give enterprises a single platform for all their storage demands rather than having to deal with multiple vendors to address individual needs.
Hedvig’s two-tier architecture includes client-side storage proxy software that brings access to block, file, and object storage to endpoints and provides flash cashing, deduplication, and encryption. At the same time, the technology can be delivered as a service.
The deal is expected to close by the end of the year, and the $225 million price includes the retention of Hedvig employees. The companies’ products reportedly will continue to be sold as stand-alone offerings while engineers work to more closely integrate them.
The Impact: In a world of multiple clouds, edge environments, and the Internet of Things, data has become coin of the realm. Businesses are generating tremendous amounts of data, and the ability to quickly collect, store, access, and analyze it is becoming a key competitive differentiator. SDS is seen as a way to more easily manage data that is generated and housed in mulitcloud environments. Gartner analysts expect that by 2023, storage operating systems leveraging SDS and running in the cloud will be the primary way to create multicloud storage infrastructures.
Background: Commvault, which has been around for 31 years, has seen its share of changes recently. In February, the company hired Sanjay Mirchandani as CEO in hopes of keeping itself current at a time when established competitors, start-ups, and hyperscale cloud providers are trying to reduce the complexity surrounding data storage and management. Hedvig launched in 2012 and has raised about $52 million from a number of investors, including Hewlett-Packard Enterprise.
The Buzz: “Together, we expect that our forthcoming unified data management and software-defined storage capabilities will eliminate the dreaded vendor lock-in and overcome this fragmented, complex world by providing companies with the abstraction, management, and portability needed to use the data no matter where it resides physically or virtually,” said Mirchandani. “In other words, we’ll make it easier to access, move, manage, protect, and use information across multiple applications, infrastructures, or clouds with the resources you have today.”
“Being completely software-based, the Hedvig platform can span multiple data centers across multiple physical geographies, including disparate cloud environments,” said Hedvig CEO Avinash Lakshman. “This may be the most comprehensive solution ever unleashed into enterprise data centers and public cloud environments.”
“Multi-cloud data management is a hard problem for customers to solve, and that translates to value,” said IDC President Crawford Del Prete. “Commvault’s acquisition of Hedvig is an astute strategic move that allows Commvault to differentiate and enhance its offerings, which broadens its addressable market. We believe this increases the value Commvault can bring to these increasingly complex customer problems.”