Source: The Business Journals

Mozy: Carbonite paying $145M to buy Dell subsidiary

Boston-based Carbonite Inc. (Nasdaq: CARB) has agreed to buy Mozy Inc., a subsidiary of Dell Technologies Inc., for $145.8 million in cash. Mozy makes data protection software similar to Carbonite's own products, and the deal will help Carbonite capture more of its market, which ranges from individuals backing up their home computers to businesses migrating to the cloud. "Carbonite's competitive advantage is our flexible data protection platform, which serves every scenario," Carbonite CEO...

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Est. Annual Revenue
$25-100M
Est. Employees
250-500
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