Highlights:

  • The platform from Clumio offers an additional set of functions designed to safeguard Microsoft 365 environments.
  • Commvault’s data protection portfolio, which currently includes features for AWS and Microsoft 365 environments, will be strengthened by the acquisition.

Commvault Systems Inc. acquires Clumio Inc., a startup company that helps businesses back up their data they store in the public cloud.

Financial terms are not revealed. According to Commvault, the purchase price is “not material” and will be paid for using available funds.

Prior to the acquisition, Santa Clara, California-based Clumio had raised over USD 260 million in capital. With a Series D round announced this past February, it raised around a third of that amount, i.e., USD 75 million. At the time, the business said that its recurring revenue was “well into double figures in millions of dollars” on a yearly basis.

Commvault and Clumio are competitors in the data security industry. The previous business offers software that assists businesses in safeguarding data on their on-premises servers, cloud deployments, and other systems. Clumio is more focused as it offers a backup platform designed primarily for situations that use Amazon Web Services.

The time required to restore a dataset following an outage increases with its size. For AWS users, Clumio’s platform offers a feature called S3 Direct Access that expedites the procedure. This feature helps minimize downtime by enabling apps to use a read-only backup copy of a dataset while the primary version is being recovered.

A new feature allows companies to restore individual files instead of the entire storage repository, making it easier to handle minor data loss incidents, like when an employee accidentally deletes a few documents.

Businesses can limit storage services and safeguard data in AWS objects by utilizing Clumio’s technology. Besides, the software supports SQL database that users install on Amazon EC2 instances, as well as a number of managed databases offered by the cloud giant.

The platform from Clumio offers an additional set of functions designed to safeguard Microsoft 365 environments. Hackers are unable to alter the immutable, or undeletable backups produced by the software. Furthermore, Clumio offers a testing tool to verify the dependability of businesses’ Microsoft 365 data recovery processes.

Commvault’s data protection portfolio, which currently includes features for AWS and Microsoft 365 environments, will be strengthened by the acquisition. With this transaction, the business has acquired a startup twice this year to strengthen its cloud data protection capabilities. Appranix, a Boston-based company that runs a platform where businesses can store backup copies of their off-premises data, was previously bought by Commvault.

Commvault’s Chief Executive Officer Sanjay Mirchandani said, “Combining Commvault’s industry-leading cyber resilience capabilities with Clumio’s exceptional talent, technology and AWS expertise advances our recovery offerings, strengthens our platform, and reinforces our position as a leading SaaS provider for cyber resilience.”

Commvault anticipates finishing the purchase by the beginning of next month. According to the company’s projections, the purchase will start to increase its free cash flow within three quarters and will immediately raise its revenue.