Carbonite, Inc., a leader in data protection, announced the closing of its acquisition of Mozy, Inc. from Dell Technologies Inc.
The total purchase price for Mozy was $145.8 million in cash, subject to potential adjustments for working capital. The purchase price was funded with cash on hand and funds available under the Company’s new revolving credit facility with Silicon Valley Bank, Citizens Bank, Barclays Bank, HSBC Bank USA, and Wells Fargo Bank, National Association.
“We welcome the Mozy community to the Carbonite family,” said Mohamad Ali, President, and CEO of Carbonite. “Together, we will build a stronger future for data protection.”
Carbonite is committed to supporting existing Mozy customers and partners. Therefore, Carbonite’s plan is to:
- Protect the data of existing Mozy customers and partners
- Secure the investment that employees, customers and partners have made in Mozy
- Enhance and expand the data protection capabilities of Mozy customers and partners through the Carbonite Data Protection Platform
Carbonite will be announcing Mozy updates and showcasing the Carbonite Data Protection Platform at Dell Technologies World 2018 April 30th – May 3 in Las Vegas, Nevada.