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Commvault Buys Hedvig for $225M in Cloud Storage Play

September 4, 2019

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.