![]() ![]() Carbonite reports 2017 earnings, looks aheadĬarbonite also said on Tuesday that its revenue for the fourth quarter was $61.7 million, an increase of 15% from $53.5 million in the fourth quarter of 2016 but about $1.4 million below Wall Street expectations. Dell has kept the core EMC backup products, including Avamar, NetWorker and Data Domain.Ī Dell spokeswoman said the company can't disclose employment and office numbers for Mozy.Ĭarbonite's biggest competitors now include Acronis, Barracuda, CloudBerry, Druva, Iland and OffsiteDataSync, Goodwin said.Ĭarbonite will fund the transaction with existing cash and newly secured financing commitments in the form of a $120 million revolving credit facility, according to the vendor. In 2016, it also sold Quest Software, which included data protection products. In April 2017, Dell spun off Spanning, a cloud-to-cloud backup company that EMC had acquired. The Carbonite acquisition marks the second time Dell has sold off a cloud backup property since the EMC merger. "The move announced is designed to ensure that Mozy is adequately positioned for success in the rapidly evolving cloud backup space, and to enable both Dell EMC and Dell Technologies to increase our focus on core digital transformation investments." "We're fully committed to providing best-in-class data protection, backup and recovery solutions for Dell EMC SMB and enterprise customers," Dell said in a statement. Dell EMC products are focused on large enterprises and SMBs, and the IT giant mainly stays out of the consumer market. Mozy never seemed to be fully part of the Dell EMC portfolio, lying more on the fringe of its product lineup, Goodwin said. "We did it very successfully with EVault, and we expect to do it very successfully here." "As we leverage the much, much more efficient Carbonite cloud infrastructure and effectively migrate the Mozy infrastructure onto our infrastructure, we expect to drive tremendous profitability and that's something we've done before," Ali said on the earnings call. ![]() Guadagno couldn't say if the free option would remain, or comment about what will happen to pricing for Mozy customers. MozyHome offers a free account for up to 2 GB of data storage. Mozy sells three major products: MozyEnterprise for enterprises, MozyPro for smaller businesses and MozyHome for consumers. "Between now and the close, they're a competitor," Guadagno said. Until then, Carbonite executives are limited about what they can say about their integration plans. Guadagno said he expects the Mozy deal to close within two months. ![]() That Carbonite acquisition helped propel the vendor into the midmarket and was a fundamental part of its evolution, Guadagno said. "The asset came on the market and we were there, ready to do the deal."Ĭarbonite closed on a deal to buy Seagate's EVault cloud backup and disaster-recovery-as-a-service business in 2015, shortly after Ali started. "We were patient and we waited," Ali said. "Our integration plan is to similarly take the best of Mozy, and Mozy has some very interesting pieces of technology that can make that platform even stronger," Ali said.Īli noted that Mozy was the first company he wanted to acquire when he started as CEO three years ago. Norman Guadagnosenior vice president of marketing, CarboniteĬarbonite has been integrating pieces of technology from its acquisitions, such as a replication engine from Double-Take, CEO and President Mohamad Ali said on Tuesday's earnings call. Introducing Carbonite's platform to 135,000 customers is very exciting to us.
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