(Bloomberg) Commvault Systems Inc. plans to buy startup Hedvig Inc. in a bid to bolster the software maker’s capabilities in the competitive data-storage market. Commvault Chief Executive Officer Sanjay Mirchandani told Bloomberg in an interview that his company will buy Hedvig for $225 million in cash and stock. The purchase price covers the cost of retaining Hedvig employees.
Commvault to Buy Hedvig for $225 Million to Jumpstart Growth
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