Commvault Systems, Inc. completed the acquisition of Appranix, Inc. for approximately $26 million.
May 12, 2024
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Commvault Systems, Inc. (NasdaqGS:CVLT) signed an agreement to acquire all of the shares of Appranix, Inc. on April 15, 2024. Hogan Lovells US LLP acted as a legal advisor to Commvault Systems, Inc.
Commvault Systems, Inc. (NasdaqGS:CVLT) completed the acquisition of Appranix, Inc. for approximately $26 million subsequent to year-ended March 31, 2024.
Commvault Systems, Inc. is a data management company. The Company offers cyber resilience platform that combines the data security and rapid recovery at enterprise scale across any workload. The Company provide these products and services for their data across many types of environments, including on-premises, hybrid and multi-cloud. Its offerings are delivered via self-managed software, software-as-a-service (SaaS), integrated appliances, or managed by partners. The Companyâs Commvault Cloud offerings are organized in three packages, such as Operational Recovery, Autonomous Recovery and Cyber Recovery. Its Operational Recovery provides backup, verifiable recovery, and cost-optimized cloud workload mobility, helping to ensure data availability and granular recovery, even across multiple clouds all managed with Commvaultâs Command Center. In addition, the Company provides customers with a range of offerings, including Cleanroom Recovery, HyperScale X, Air Gap Protect and Compliance.
COMMVAULT SYSTEMS, INC. 
