Commvault to acquire Clumio to boost AWS data protection

Commvault has announced plans to acquire Clumio, a technology company specialising in data protection for critical cloud data within AWS. The acquisition aims to enhance Commvault's cyber resilience capabilities and provide cloud-first organisations with expanded options for protecting and recovering data and cloud-native applications in a multi-cloud environment.

Clumio is known for its innovations in data protection, specifically for Amazon S3, a widespread cloud storage solution utilised by various industries, including AI development. According to the press release, Clumio's technologies allow customers near-instant access to their Amazon S3 data during critical recovery operations. Clumio's clientele includes notable names such as Atlassian, Cox Automotive, Duolingo, and LexisNexis.

Commenting on the acquisition, Commvault CEO Sanjay Mirchandani said, "In the event of an outage or cyberattack, rapidly getting back to business is paramount to our customers. 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."

Poojan Kumar, co-founder of Clumio, also expressed optimism about the acquisition. "At Clumio, our vision 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. Joining hands with Commvault allows us to get our cloud-native offerings to AWS customers on a global scale," Kumar stated.

The acquisition deal, which is set to close in early October 2024, will be funded with cash on hand and is not considered material to Commvault. It is expected to be immediately accretive to ARR and revenue, with positive effects on free cash flow projected within the next three quarters. Commvault has reaffirmed its previously announced fiscal second-quarter 2025 earnings guidance from 30 July 2024.