Hewlett Packard Enterprise is set to exit software defined-storage provider Hedvig, which has been bought by Commvault following $52m of venture funding.
Data management software producer Commvault agreed yesterday to acquire US-based software-defined storage (SDS) technology developer Hedvig in a $225m deal that will allow enterprise technology provider Hewlett Packard Enterprise (HPE) to exit.
Founded in 2012, Hedvig has created a software platform called Hedvig Distributed Storage Platform, which provides SDS for organisations developing their own private, hybrid or multi cloud environments. The product can work across multiple data centres around the world.
The acquisition price includes costs associated with employee retention,…
