EMC this week acquired online backup provider Mozy to bolster its data protection offerings, according to sources.
According to a post on TechCrunch, EMC picked up Mozy for $76m. EMC stated "the transaction will not have a material impact on EMC revenues or EPS for 2007".
Mozy provides two software services, Mozy and Mozy Pro, which let users back up their Windows of Macintosh PCs for a flat fee of $4.95 per month; Mozy Pro is software for enterprise users that starts at $.50 per GB and a flat fee of $395 per month.
Online backup services fit well into EMC's data protection strategy. CEO Joe Tucci hinted at EMC's intent to offer online backup services earlier this year in a quarterly earnings call. "In software-as-a-service, we have nothing yet, but stay tuned - we will launch an offering here soon," Tucci said.
"When you think of the backup and recovery space, we'll have an alternative for customers. Rather than saying here's your hardware, software, and services, [we can say] we'll charge by the drip, and host all of that for you."
In a statement, EMC senior vice president Tom Heiser said: “The acquisition of Mozy is a natural extension of EMC’s leadership in the protection and security of personal and business information. We will continue to invest in Mozy’s full portfolio of online backup and recovery services and advance the Mozy brand in the marketplace.”
Mozy and Mozy Pro provides near continuous data backup of user's files every two hours. If users lose data, they can recover it over Mozy servers, based in Utah.
Berkeley Data Systems, the owner of Mozy, was founded in 2005 and is funded for $1.9 million by Wasatch Partners, Tim Draper and Novell co-founder Drew Major.
Now take part in our