Carbonite picks up Mozy from Dell Technologies [Seeking Alpha]
CARBONITE (CARB)
Last carbonite earnings: 11/11 08:00 am
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US:NASDAQ Investor Relations:
investor.carbonite.com/investor-relations
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Source: Seeking Alpha
Carbonite picks up Mozy from Dell TechnologiesCarbonite (NASDAQ:CARB) announces that it signed a deal to acquire Mozy from a subsidiary of Dell Technologies (NYSE:DVMT) for $145.8M.The company says the deal expands Carbonite’s customer base and better positions Carbonite to offer its data protection platform to every segment of the market."This deal provides Mozy customers scalable options for the future and gives Carbonite a broader base to which we offer our solutions," says Carbonite CEO Mohamad Ali.Carbonite will fund the transaction with existing cash and newly secured financing commitments in the form of a $120M revolving credit facility.The transaction is expected to close during Q1.Source:Press ReleaseClick to subscribe to real-time analytics on CARBNow read:Carbonite Inc. 2017 Q4 - Results - Earnings Call Slides »
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