Hewlett Packard Enterprise is set to exit software defined-storage provider Hedvig, which has been bought by Commvault following $52m of venture funding.

Data management software producer Commvault agreed yesterday to acquire US-based software-defined storage (SDS) technology developer Hedvig in a $225m deal that will allow enterprise technology provider Hewlett Packard Enterprise (HPE) to exit. Founded in 2012, Hedvig has created a software platform called Hedvig Distributed Storage Platform, which provides SDS for organisations developing their own private,…

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