Commvault, a prominent provider of cyber resilience and data protection solutions for hybrid cloud environments, has announced its acquisition of Clumio, a leader in safeguarding critical cloud data stored in Amazon Web Services (AWS). This strategic move will allow Commvault to further extend its capabilities in protecting cloud-native applications, offering increased flexibility for organisations operating in the multi-cloud era.
The acquisition brings together Commvault’s best-in-class cyber resilience technology with Clumio’s innovative AWS solutions, enhancing protection for next-generation applications. Clumio serves a diverse clientele, including major names such as Atlassian, Cox Automotive, Duolingo, and LexisNexis.
As the demand for cloud storage continues to grow—particularly for applications like artificial intelligence (AI) development—the reliance on Amazon S3 has become more prevalent. Clumio has been at the forefront of pioneering technologies that provide swift and secure access to Amazon S3 data during critical recovery situations.
In a statement underscoring the importance of the acquisition, Commvault CEO Sanjay Mirchandani emphasised the need for resilience in today’s digital landscape: “In the event of an outage or cyberattack, rapidly getting back to business is paramount to our customers. By combining Commvault’s industry-leading cyber resilience capabilities with Clumio’s exceptional talent, technology, and AWS expertise, we’re advancing our recovery offerings, strengthening our platform, and solidifying our leadership in SaaS-based cyber resilience.”
Poojan Kumar, Clumio’s co-founder, shared a similar sentiment, highlighting the scalability of Clumio’s platform: “Our vision at Clumio 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. Partnering with Commvault enables us to extend our cloud-native solutions to AWS customers on a global scale.”
The acquisition, which is set to close in early October 2024, is expected to immediately contribute to Commvault’s annual recurring revenue (ARR) and revenue growth. It is also projected to positively impact the company’s free cash flow within three quarters. The transaction, funded through cash on hand, is not material to Commvault’s overall financial position. The company reaffirmed its fiscal second-quarter 2025 earnings guidance, which was previously shared in July 2024.
BofA Securities acted as financial advisor, while Hogan Lovells LLP served as legal counsel to Commvault during the transaction.
