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Carbonite acquires Mozy from Dell for $145.8 million

gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw== - Carbonite acquires Mozy from Dell for $145.8 million

Carbonite on Tuesday introduced it is entered right into a definitive settlement to obtain Mozy from a subsidiary of Dell for $145.eight million in money, along blended monetary effects for the quarter and whole 12 months.

Carbonite’s Mozy transaction is anticipated to near within the first quarter of 2018, the corporate stated.

Mozy via Dell is a cloud-based safe backup resolution for enterprises to routinely sync knowledge and get well it more straightforward when misplaced. Mozy fell beneath Dell’s umbrella after its EMC merger in 2016.

Carbonite believes the deal will enlarge its buyer base and higher place itself to hide each section of the marketplace.

“We’re overjoyed to announce the purchase of Mozy,” Mohamad Ali, President and CEO of Carbonite, stated in a observation. “Carbonite’s aggressive merit is our versatile knowledge coverage platform, which serves each state of affairs, from backing up person laptops to keeping up uptime for masses of commercial servers. This deal supplies Mozy consumers scalable choices for the longer term and offers Carbonite a broader base to which we provide our answers.”

Carbonite stated it’ll fund its Mozy acquisition with money and $120.zero million revolving credit score line.

For the fourth quarter, the Boston-based corporate delivered a web lack of $1.6 million, or 6 cents in keeping with percentage.

Non-GAAP profits had been 31 cents in keeping with percentage on income of $61.7 million, up 15 % year-over-year. Wall Side road was once in search of profits of simply 29 cents in keeping with percentage with $64.18 million in income.

For the 12 months, Carbonite delivered a web source of revenue of 79 cents a percentage on income of $239.five million, up 16 % from a 12 months in the past. Analysts anticipated EPS of 78 cents on income of $247.29 million.

Stocks of Carbonite spiked in short in after marketplace buying and selling.

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