Online backup service Carbonite to acquire Dell EMC’s Mozy, a cloud-based backup service for enterprises, for $145.8M via cash and a $120M revolving credit line (Jake Smith/ZDNet)

Online backup service Carbonite to acquire Dell EMC’s Mozy, a cloud-based backup service for enterprises, for $ 145.8M via cash and a $ 120M revolving credit line

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.

Carbonite’s Mozy transaction is expected to close in the first quarter of 2018, the company said.

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.

Carbonite believes the deal will expand its customer base and better position itself to cover every segment of the market….
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