Commvault to acquire Clumio for approximately $47 million

COMMVAULT SYSTEMS INC

Acquisition of Clumio, a cloud backup provider, for ~$47M subject to customary adjustments.
Expected to enhance Commvault's SaaS data protection offerings and cloud-native capabilities.
Transaction is expected to close in Q4 of calendar 2024, pending regulatory approvals and conditions.
Commvault expects the acquisition to be modestly accretive to revenue growth in FY2026.
Funding to be from existing cash and credit facilities; no material impact to share repurchase plans.

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