Carbonite can now beef up disaster recovery solutions with its newly announced acquisition of EVault.
You may recall that EVault is a division of Seagate. News of the acquisition has been published this morning, with early reports suggesting that Carbonite shelled out $14M in cash to secure the deal.
EVault is being described as a leader of business continuity and disaster recovery solutions for small to medium sized businesses. Carbonite believes that its acquisition of EVault will allow it to provide nimble, low-cost disaster recovery solutions to businesses of any size.
“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, the 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,” added Ali.
It should be noted that tech research firm IDC recently listed EVault as a “Major Player” in the Disaster Recovery as a Service market.
The three main components of EVault are its Cloud Backup and Recovery Services, its Backup and Recovery Appliance and EVault’s Cloud Resiliency Services.
Carbonite mentioned in the press release concerning its buyout of EVault that they would sell at least 50% of Carbonite’s total products to small to medium sized businesses (SMBs). Carbonite has recently been selected as one of the top providers of cloud and hybrid business continuity solutions for SMBs.
Carbonite says that the acquisition of EVault will complete in January of 2016. For those that are interested in learning more about the acquisition, they can visit the investors portal of the Carbonite website.