![]() This article is republished from under a Creative Commons license. This article is republished from Carbonite acquires Mozy from Dell for $145.8 million under a Creative Commons license. Shares of Carbonite spiked briefly in after market trading. Analysts expected EPS of 78 cents on revenue of $247.29 million. Wall Street was looking for earnings of just 29 cents per share with $64.18 million in revenue.įor the year, Carbonite delivered a net income of 79 cents a share on revenue of $239.5 million, up 16 percent from a year ago. Non-GAAP earnings were 31 cents per share on revenue of $61.7 million, up 15 percent year-over-year. This deal provides Mozy customers scalable options for the future and gives Carbonite a broader base to which we offer our solutions."Ĭarbonite said it will fund its Mozy acquisition with cash and $120.0 million revolving credit line.įor the fourth quarter, the Boston-based company delivered a net loss of $1.6 million, or 6 cents per share. "Carbonite's competitive advantage is our flexible data protection platform, which serves every scenario, from backing up individual laptops to maintaining uptime for hundreds of business servers. "We are thrilled to announce the acquisition of Mozy," Mohamad Ali, President and CEO of Carbonite, said in a statement. Mozy fell under Dell's umbrella after its EMC merger in 2016.Ĭarbonite believes the deal will expand its customer base and better position itself to cover every segment of the market. Mozy by Dell is a cloud-based secure backup solution for enterprises to automatically sync data and recover it easier when lost. Simple attacks plus user willingness to pay ransoms to get their files back means ransomware is on the rise, warn Kaspersky researchers.Ĭarbonite's Mozy transaction is expected to close in the first quarter of 2018, the company said. ![]() Ransomware is now the biggest cybersecurity threat Carbonite on Tuesday announced it's entered into a definitive agreement to acquire Mozy from a subsidiary of Dell for $145.8 million in cash, alongside mixed financial results for the quarter and full year.
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