Commvault Acquires Appranix; Terms Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
Commvault has completed the acquisition of Appranix, a company specializing in cloud data protection and management. The financial terms of the deal were not disclosed.
April 16, 2024 | 12:38 pm
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Commvault's acquisition of Appranix could enhance its cloud data protection and management offerings, potentially increasing its market competitiveness.
The acquisition of Appranix by Commvault is likely to be viewed positively by investors as it enhances Commvault's product offerings in the cloud data protection and management space, a key growth area. While the financial terms were not disclosed, strategic acquisitions in tech often lead to synergies that can improve competitive positioning and drive long-term value.
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