Story image

Carbonite ups DRaaS with US$14m acquisition of Seagate's EVault

17 Dec 15

Carbonite is acquiring Seagate Technology’s EVault business continuity and disaster recovery business in an effort to bolster its disaster recovery-as-a-service offerings.

The US$14 million deal will see enable Carbonite to round out its portfolio. The cloud and hybrid business continuity solutions company has a line of data protection and recovery products for small businesses and individuals and says the EVault acquistion will provide it with a full suite of solutions that meet the needs of all SMBs, a market estimated by Carbonite to be worth US$40 billion worldwide.

Mohamad Ali, Carbonite president and chief executive, says the acquisition is a big step forward for Carbonite in meeting the data protection and business continuity needs of the entire SMB market, from home offices to medium-sized businesses.

“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,” Ali says.

The deal sees Carbonite adding EVault’s Cloud Resiliency Services DraaS services, which provide failover in the cloud, to its suite of offerings.

EVault was recently named a ‘major player’ in the DraaS market by industry analysts IDC.

EVault’s Cloud Backup and Recovery software-only solution for server backup and EVault’s Backup and Recovery Appliance for local backup and restore will also join the Carbonite portfolio.

Anthony Folger, Carbonite chief financial officer, says the acquisition is expected to result in more than 50% of Carbonite’s total bookings coming from the sale of SMB products in 2016.

The acquisition is expected to be completed in the first quarter of 2016 subject to applicable laws, compliance requirements and customary closing conditions.

Lenovo DCG moves Knight into A/NZ general manager role
Knight will now relocate to Sydney where he will be tasked with managing and growing the company’s data centre business across A/NZ.
The key to financial institutions’ path to digital dominance
By 2020, about 1.7 megabytes a second of new information will be created for every human being on the planet.
Is Supermicro innocent? 3rd party test finds no malicious hardware
One of the larger scandals within IT circles took place this year with Bloomberg firing shots at Supermicro - now Supermicro is firing back.
Record revenues from servers selling like hot cakes
The relentless demand for data has resulted in another robust quarter for the global server market with impressive growth.
Opinion: Critical data centre operations is just like F1
Schneider's David Gentry believes critical data centre operations share many parallels to a formula 1 race car team.
MulteFire announces industrial IoT network specification
The specification aims to deliver robust wireless network capabilities for Industrial IoT and enterprises.
Google Cloud, Palo Alto Networks extend partnership
Google Cloud and Palo Alto Networks have extended their partnership to include more security features and customer support for all major public clouds.
DigiCert conquers Google's distrust of Symantec certs
“This could have been an extremely disruptive event to online commerce," comments DigiCert CEO John Merrill.