Press release published by: http://www.zdnet.com/
Author: Jake Smith
Source URL: http://www.zdnet.com/article/carbonite-acquires-mozy-from-dell-for-145-8-million/
Carbonite on Tuesday announced it’s entered into a definitive agreement to acquire Mozy from a subsidiary of Dell for $145.8 million in cash, alongside mixed financial results for the quarter and full year.
Mozy by Dell is a cloud-based secure backup solution for enterprises to automatically sync data and recover it easier when lost. Mozy fell under Dell’s umbrella after its EMC merger in 2016.
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