Carbonite Nabs EVault to Build One-Stop DR Shop for SMB Masses
January 20, 2016 Alex Woodie
Carbonite is buying the EVault data protection business from Seagate for $14 million in cash, the companies announced last month. While the deal marks a nearly 10x decline in valuation for EVault, the folks at Carbonite are clearly happy to get their hands on EVault’s disaster recovery as a service (DRaaS) business, which it sees pairing up nicely with its existing products for small businesses and consumers.
EVault began developing its online data protection business way back at the dawn of the commercial Internet in 1997. By backing up its clients’ data over the Web to centrally located servers, the