Carbonite Inc. has entered into an agreement to acquire the business continuity and disaster recovery business of EVault, a division of Seagate Technology.
“With this acquisition, Carbonite is taking a big step forward in meeting the data protection and business continuity needs of the entire SMB market from home offices to medium-sized businesses,” says Mohamad Ali, president and CEO of Carbonite. “EVault’s proven technology, which includes a line of highly scalable appliances and advanced disaster recovery as a service (DRaaS) capabilities, enables us to round out our portfolio and immediately provide the features and functionality larger businesses require to support their complex environments.”
As part of the acquisition, EVault adds the following products to the Carbonite solution suite:
- EVault Cloud Backup and Recovery – Software-only solution for server backup
- EVault Backup and Recovery Appliance – EVault Cloud Backup and Recovery with an appliance form factor for local backup and restore
- EVault Cloud Resiliency Services – DRaaS services providing failover in the cloud†
Carbonite will acquire all of the assets of EVault’s operations for a purchase price of $14 million. The company expects to complete the acquisition of the North American assets of EVault in January of 2016.
