The company in late 2015 acquired the disaster recovery and business continuity business of EVault from Seagate. "Three years later, the asset came on the market and we were there, ready to do the deal."Ĭarbonite in August acquired Code42’s CrashPlan for Home business to expand its consumer business.Ĭarbonite early last year acquired the Double-Take Software assets of Vision Solutions in a move to bring its channel partners new offerings related to high-availability and data migration. "I don't know if I've shared this before, but is the first company I wanted to acquire when I got here three years ago and we were patient and we waited," Ali said. "Both of are great new audiences for us to cross-sell components of Carbonite's data protection platform," he said. Mohamad Ali, president and CEO of Carbonite, said during the conference call that Mozy has about 35,000 business customers and over 2,000 channel partners. Both Mozy and Carbonite started as consumer-focused cloud-based storage companies, but have since evolved to where the business segments and channel partnerships form the bulk of their businesses. It became part of Dell when Dell bought EMC in 2016. Mozy, was founded in 2005 and was acquired by EMC in 2007. Cloud-based storage vendor Carbonite's $146 million planned acquisition of rival Mozy from Dell Technologies will create new opportunities for channel partners from both companies, according to Carbonite executives.īoston-based Carbonite, which unveiled the planned acquisition of Mozy during its fiscal year 2017 financial analyst call, said the deal is expected to close sometime late in the first quarter of 2018 after regulatory issues have been cleared.Ĭarbonite is financing the deal through a combination of cash on hand and a $120 million revolving debt facility.
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