M&A strategy and integration for platform expansion

“Regarding the merger and acquisition discussions, we received requests from prospects and existing clients asking us to clarify how our options align with their needs. We've successfully converted several customers from competitors, and partners have also come to us, asking for new ways to collaborate and serve their customers, which is a positive indicator for us.”

“We're excited because this acquisition gives us optionality and brings us further into the world of cyber resiliency. It's a young company with about 25 customers and limited employees.”

“Bringing this company into the Cobalt Cloud will provide a competitive differentiation for us, as rebuilding from a ransomware attack is a game changer.”

“The Clumio acquisition also underscores our commitment to making sure that we've got the best-of-breed capabilities on all major clouds.”

“As we continue to invest in our future, we remain opportunistic around technologies that further the depth and breadth of our platform.”

“We are excited about the progress made towards integrating Clumio. It furthers our ability to go deeper in the cloud and position us to capitalize on potential AI-related opportunities.”

“The transaction is expected to close later this quarter, so we'll share more on our next earnings call.”

“To directly address threats posed by AI and to further advance data security, Commvault recently announced its intent to acquire Satori Cyber, a data and AI security company. This strategic acquisition will add powerful capabilities that strengthen Commvault's data security offerings and empower customers to use AI in a better governed and more responsible way.”

“Looking at our acquisition history, we've focused on core security and cloud-native capabilities, which is evident in our purchases of TrapX and Appranix as our platform has evolved.”

“Clumio provided us with strong AI data protection capabilities, and now with Satori, we're merging these strengths. Satori's offerings in visibility, observability, and policy enforcement for both semi-structured and structured data align well with our unstructured data solutions.”

“In line with this are two exciting developments: first, our strategic acquisition of Ydentic, a SaaS company specializing in centralized multi-tenant management for Microsoft Managed Services Providers, or MSPs.”

“In term of M&A, we will continue to be quite focused on that as well as our organic investment.”

“Yes, that's a great question. Well, first of all, we're very excited to see our area of focus have a lot of activity and vendors looking to expand offerings to make it more of a platform play. Yes, we're no different. We've been -- we have done 6 acquisitions to date, and we'll remain acquisitive and have a strong balance sheet, as you can see, and we're growing profitably.”

“Second is we do want to look at opportunities for -- to supplement our internal growth with M&A activities. We have active discussions all year long with a number of target opportunities. M&A is a vital strategy for us.”

“Strategic acquisitions to close capability gaps also manifest among considerations for growth.”

“The criteria we use are straightforward; they align with our North Star strategy. Acquisitions should fit within this framework. It's not a broad scope, but focused primarily on areas like SASE, AI, and unified management.”

“We look at M&A through the lens of our pillar approach—what we want to achieve in hybrid mesh, CTEM, workspace and AI security.”

“We're also looking at acquisitions to accelerate growth in each pillar.”

“As announced earlier today, we acquired Next DLP, a next-generation cloud-native SaaS data protection platform, extending from endpoint to cloud. This will allow us to enter the stand-alone enterprise DLP market as well as enhance our market for the SASE solution.”

“In addition, we are pleased to further expand our secured portfolio with the acquisition of Lacework and we believe that together, our solutions form one of the most comprehensive full-stack cloud security solutions available from a single vendor.”

“This acquisition increases our total addressable market by $10 billion and adds a team of talented engineers dedicated to cloud-native security while also expanding our sales force that can sell the entire Fortinet portfolio of solutions.”

“We acquired Talon Cybersecurity in December of last year. We knew this technology would become increasingly important to secure unmanaged devices such as those used by contractors. We saw an opportunity to acquire high-quality scarce assets and be the first to natively integrate a secure browser into a SASE offering.”