Commvault (NASDAQ: CVLT), a Tinton Falls, NJ-based provider of cyber resilience and data protection solutions for the hybrid cloud, acquired Appranix, a cloud cyber resilience company.
The amount of the deal was not disclosed.
The acquisition enables Commvault to solve cyber resilience challenges facing enterprises today – rapidly rebuilding cloud applications after an outage or attack.
Led by Govind Rangasamy, Founder and CEO, Appranix provides a cloud-native cyber resilience platform to ease cyber recovery and business continuity. Their technology allows businesses to protect, recover, and manage cloud applications and data against modern cyber threats.
Led by Sanjay Mirchandani, President & CEO, Commvault (NASDAQ: CVLT) provides a cyber resilience platform that combines data security and rapid recovery at enterprise scale across any workload, anywhere. It currently serves more than 100,000 organizations.
The Appranix team will join Commvault imminently and the integration of Appranix’s technology into Commvault’s portfolio is expected to be completed by this summer. In the meantime, customers can leverage Appranix for their cloud application discovery and rebuild requirements, via the AWS, Google Cloud, and Microsoft Azure marketplaces.
FinSMEs
17/04/2024