Commvault Announces Acquisition of Appranix, Accelerating and Advancing Cyber Resilience for Enterprises Globally

Rhea-AI Summary

Commvault acquires Appranix to enhance cyber resilience for enterprises globally by automating cloud application rebuilds after outages or cyberattacks, reducing downtime significantly.

Tech Industry Analyst

The announcement of Commvault acquiring Appranix is a strategic move that potentially enhances Commvault's position in the cyber resilience space. From the perspective of a tech industry analyst, mergers and acquisitions often aim to combine technical capabilities to create more robust solutions. In this case, Commvault's integration of Appranix's automated cloud-native rebuild capabilities suggests a strengthening of their offerings, which could be particularly attractive to enterprises with significant cloud infrastructure. The automation of rebuilding cloud applications and infrastructure reduces the recovery time frame, which is a valuable proposition given the increasing prevalence and cost of cyberattacks. This could potentially streamline operational recovery, translating into cost savings and reliability improvements for clients, thereby improving customer retention and attracting new business. The immediate availability of this solution via major cloud marketplaces offers a seamless adoption path for existing and new customers. For investors, the integration's success and market adoption rate are key factors that could influence Commvault's performance in the market.

Cybersecurity Expert

Cyber resilience has become a top priority for businesses operating in the cloud. Appranix's capabilities, which include automated rebuilding of critical cloud applications, address a pressing need in the cybersecurity landscape. Quick and efficient recovery from outages or cyberattacks not only mitigates the potential losses from downtime but also aligns with broader regulatory and compliance requirements that businesses face. This strategic acquisition may also signal an industry shift from reactive to proactive cyber defense strategies, focusing on resilience and rapid recovery. For investors, the ability of Commvault to successfully integrate and leverage Appranix’s technology will be indicative of their future potential to lead in the cyber resilience domain. The focus for investors here should be on monitoring how this acquisition impacts Commvault's market share and whether it leads to a differentiated offering that can command premium pricing.

Financial Analyst

From a financial perspective, the acquisition of Appranix by Commvault presents the potential for revenue growth and margin expansion. The immediate availability of Appranix's solutions in cloud marketplaces such as AWS, Google Cloud and Microsoft Azure facilitates revenue recognition and cross-selling opportunities. It is also important to evaluate the financial health of Appranix pre-acquisition and the terms of the deal, as these will impact the financial synergies and the return on investment for Commvault. However, the costs associated with the integration and potential risks such as cultural clashes or technology incompatibilities must not be overlooked. The ability of Commvault to effectively integrate and capitalize on Appranix's technology will be key to realizing the forecasted financial benefits. Investors should track subsequent earnings reports and management commentary to assess the impact of this acquisition on Commvault's balance sheet and income statement.

Acquisition enables Commvault to solve a critical cyber resilience challenge facing enterprises today – rapidly rebuilding cloud applications after an outage or attack

TINTON FALLS, N.J., April 16, 2024 /PRNewswire/ -- Commvault, a leading provider of cyber resilience and data protection solutions for the hybrid cloud, today announced the acquisition of Appranix, a cloud cyber resilience company. Commvault is making this acquisition to help enterprises get up and running even faster after an outage or cyberattack.

According to Statista, the average downtime after a ransomware attack is 24 days. Commvault is helping customers reduce downtime by recovering data rapidly via automation and next-generation cleanroom offerings. But fast data recovery is only part of the equation.

There are dependencies that are necessary to rebuild critical cloud applications, the data those applications rely on, and the cloud infrastructure that runs it all. Dependencies include networking, DNS configuration, application load balancing, security group access, and much more. Appranix automates all of this and can reduce the time it takes to rebuild from days or weeks to, in some cases, hours or minutes.

"We are taking resilience to the next level by marrying Commvault's extensive risk, readiness, and recovery capabilities with Appranix's next-generation cloud-native rebuild capabilities," said Sanjay Mirchandani, President & CEO, Commvault. "We are delighted to welcome Appranix to the Commvault family."

"Joining the Commvault family is a thrilling and natural next step for Appranix as we jointly change the market," said Govind Rangasamy, Appranix Founder and CEO. "We share a common vision to go beyond traditional backups and disaster recovery. Our combined technologies will offer comprehensive, unmatched resilience capabilities for businesses globally."

"Complete cyber resilience is an aspirational goal for most enterprise customers. This acquisition makes cyber resilience-at-speed a reality by extending automated rebuild capabilities to distributed and dynamic cloud applications," said Archana Venkatraman, Research Director, Cloud Ops and Cloud Data Management, IDC.

The Appranix team will join Commvault imminently and the integration of Appranix's technology into Commvault's portfolio is expected to be completed by this summer. In the meantime, customers can leverage Appranix for their cloud application discovery and rebuild requirements, via the AWS, Google Cloud, and Microsoft Azure marketplaces.

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Commvault was advised by Hogan & Lovell LLP.

About Commvault
Commvault (NASDAQ: CVLT) is the gold standard in cyber resilience, helping more than 100,000 organizations keep data safe and businesses resilient and moving forward. Today, Commvault offers the only cyber resilience platform that combines the best data security and rapid recovery at enterprise scale across any workload, anywhere—at the lowest TCO. 

About Appranix
Appranix has revolutionized cloud-native cyber resilience with its innovative approach to rapid cyber recovery and business continuity. Their technology allows businesses to seamlessly protect, recover, and manage cloud applications and data against modern cyber threats.

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SOURCE Commvault

FAQ

What did Commvault announce regarding Appranix?

Commvault announced the acquisition of Appranix, a cloud cyber resilience company, to help enterprises quickly rebuild cloud applications after outages or cyberattacks.

How does the acquisition benefit enterprises?

The acquisition enables enterprises to reduce downtime significantly by automating the rebuild process of critical cloud applications, data dependencies, and cloud infrastructure.

Who is the President & CEO of Commvault?

The President & CEO of Commvault is Sanjay Mirchandani.

What are the key capabilities of Appranix's technology?

Appranix's technology automates the rebuilding process of networking, DNS configuration, application load balancing, security group access, and more, reducing rebuild time from days to hours or minutes.

When is the integration of Appranix's technology into Commvault's portfolio expected to be completed?

The integration of Appranix's technology into Commvault's portfolio is expected to be completed by this summer.