Commvault Acquires Clumio For About $47M; Commvault CEO Sanjay Mirchandani Says Cyber-Landscape Conversations Have Shifted Focus To Resilience; Protecting Large Data Sets For Ai Is Workload Of Tomorrow; Clumio Acquisition Will Help Company Protect AI Data
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Commvault has acquired Clumio for approximately $47 million. The acquisition aims to enhance Commvault's capabilities in protecting large data sets, particularly for AI workloads, as the focus in the cyber landscape shifts towards resilience.
September 24, 2024 | 8:29 pm
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Commvault's acquisition of Clumio for $47 million is a strategic move to enhance its data protection capabilities, especially for AI workloads. This aligns with the industry's shift towards resilience in the cyber landscape.
The acquisition of Clumio by Commvault is significant as it enhances Commvault's product offerings in data protection, particularly for AI, which is a growing area of focus. This strategic move is likely to positively impact Commvault's market position and stock price in the short term.
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