Commvault, a leading provider of cyber resilience and data protection solutions for hybrid cloud environments, has announced its decision to acquire Clumio, a notable technology leader specializing in data protection for critical cloud data within Amazon ...

Commvault, a publicly traded data protection and management software company, announced Tuesday that it intends to acquire data backup and recovery provider Clumio for an undisclosed sum. Commvault says it's not material to its earnings and that it'll be funded with cash on hand.

Commvault to buy Clumio for $47 million to boost Amazon Web Services abilities, a price lower than Clumio’s $75 million Series D round.

Commvault Systems Inc. today announced plans to acquire Clumio Inc., a startup that helps companies back up the data they keep in the public cloud. Financial terms were not disclosed. Commvault stated that the acquisition price is “not material” and will be financed with cash on hand.