Commvault acquires data backup provider Clumio

It must be the shopping season.

Commvault, a publicly traded data protection and management software company, today announced that it intends to acquire Clumio, a provider of data backup and recovery solutions, for an undisclosed amount.

The deal is expected to close in early October. Commvault says there is no material impact to its earnings and that it will be funded with cash on hand.

“In the event of a disaster or cyberattack, rapid return to business is paramount for our customers,” said Commvault CEO Sanjay Mirchandani in a press release. “By combining Commvault’s industry-leading cyber resilience capabilities with Clumio’s unique talent, the technology advances our recovery offerings, strengthens our platform and solidifies our position as the leading software-as-a-service (SaaS) provider for cyber resilience.”

Clumio, based in Santa Clara, California, was founded in 2017 by Poojan Kumar, Kaustubh Patil, and Woon Ho Jung. It primarily protects AWS workloads, although it also introduced support for Microsoft 365 in 2020.

In February, Clumio reported double-digit million dollars in annual recurring revenue — a 400% increase year-over-year from 2022 compared to 2023 — and landed customers like Atlassian.

“At Clumio, our vision was to build a platform that could rapidly scale to protect the world’s largest and most complex data sets, including data lakes, warehouses, and other business-critical data,” said Kumar, who was recently named president of Clumio after stepping down as CEO in June. (Clumio CRO Rick Underwood now leads the company.) “Joining forces with Commvault allows us to deliver our cloud offerings to AWS customers on a global scale.”