Insight Partners to Buy Commvault
“Insight Partners’ $5 billion investment in Veeam provides yet another sign of the importance of data protection and management for today’s digital enterprise. On one hand, these organizations have never faced as much data chaos and complexity as they try to support an ever-increasing number of applications and move towards multi cloud environments. On the other hand, opportunities have never been greater for organizations who can rein in the chaos and complexity of their IT environments.
We continue to see that, while the data protection and management market is quickly evolving, Commvault remains the most steady, trusted, and proven vendor in the industry. As the world’s data protection and management market leader, no company is better positioned than Commvault to enable companies to face difficult data challenges and realize new data opportunities. We have the industry’s most powerful and comprehensive backup and recovery solution, as demonstrated by the fact that both Gartner and Forrester have named Commvault a Leader in Backup and Recovery, with Gartner placing us highest on Ability to Execute and Furthest for Completeness of Vision, which is a clear competitive advantage. With more than 20 years of industry experience, Commvault also has the longevity and staying power customers look for when seeking a partner they can trust with their most important asset – their data.
At the same time, we are relentlessly innovating to meet our customers constantly evolving data protection and management needs. For example, we recently updated our core Commvault Complete Backup & Recovery solution to further simplify recovery readiness. We also launched Metallic, a new enterprise-grade software-as-a-service data protection solution. In addition, we acquired software-defined storage startup Hedvig, whose technology we are using to develop solutions that will enable our customers to unify data and storage management and simplify data services, so they can take advantage of their data like never before.
So, while we expect to continue to see evolution in the market, including acquisitions and shake-ups, we believe the key to success is to focus on the needs of customers, and help them become data ready. And with our singular focus on delivering our customers the solutions they need to protect, control, manage and use data wherever it lives, we expect even more companies to turn to Commvault as they seek to make sure their data is safe, accessible, recoverable and compliant”