"Commvault Raises Funding to Enhance Cyber Resilience Solutions for Cloud Applications"

Commvault Acquires Appranix

Key Highlights:

• Acquisition: Commvault, a provider of cyber resilience and data protection solutions, has acquired Appranix, a cloud cyber resilience company.
• Cyber Resilience Solutions: The acquisition allows Commvault to address the challenges of cyber resilience by enabling rapid rebuilding of cloud applications after outages or attacks.
• Appranix's Technology: Appranix offers a cloud-native cyber resilience platform that helps businesses protect, recover, and manage cloud applications and data against modern cyber threats.

Commvault's Target Market

• Enterprise Organizations: Large organizations across various industries, including finance, healthcare, government, and retail.
• Hybrid Cloud Users: Companies utilizing hybrid cloud environments for their data storage and management needs.
• Data-Driven Businesses: Organizations heavily reliant on data and in need of robust data protection and cyber resilience solutions.

What Commvault Needs to Buy

• Cloud Security and Resilience Solutions: Companies specializing in cloud-native cyber resilience and data protection technologies.
• Partnerships with Cloud Providers: Collaborations with major cloud providers like AWS, Google Cloud, and Microsoft Azure to integrate and offer their solutions through their marketplaces.
• Expansion of Customer Base: Strategies and services to attract and onboard new enterprise customers in need of cyber resilience and data protection solutions.