• Commvault Buys Hedvig For $225 Million To Take On Secondary Startups

    Avinash Lakshman, CEO and Founder of Hevdig (left) and Sanjay Mirchandani, CEO of Commvault (right)

    Commvault announced on Wednesday 4 September that it will purchase Hedvig for $225 million total consideration. $225 million represents a roughly 4.3x multiple on the $52 million raised by Hedvig so far (according to Crunchbase). In my opinion, a 4.3x return is a fantastic exit for Hedvig and its investors. Whether the deal is worth…