M&A Deal Summary

Carbonite Acquires eVault

On December 16, 2015, Carbonite acquired internet software and services company eVault from Seagate Technology for 14M USD

Acquisition Highlights
  • This is Carbonite’s 3rd transaction in the Internet Software and Services sector.
  • This is Carbonite’s 4th largest (disclosed) transaction.
  • This is Carbonite’s 3rd transaction in the United States.
  • This is Carbonite’s 2nd transaction in California.

M&A Deal Summary

Date 2015-12-16
Target eVault
Sector Internet Software and Services
Buyer(s) Carbonite
Sellers(s) Seagate Technology
Deal Type Divestiture
Deal Value 14M USD

Target

eVault

San Francisco, California, United States
eVault, Inc. is a provider of online backup services.

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Buyer(S) 1

Buyer

Carbonite

Boston, Massachusetts, United States

Category Company
Founded 2005
Sector Internet Software and Services
Employees959
Revenue 296M USD (2018)
DESCRIPTION

Carbonite, Inc. is a provider of cloud and hybrid backup and recovery solutions for businesses. Carbonite offers a comprehensive suite of affordable services for data protection, recovery and anywhere, anytime access. Carbonite was formed in 2005 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 4 of 7
Sector (Internet Software and Services) 3 of 4
Type (Divestiture) 1 of 3
State (California) 2 of 2
Country (United States) 3 of 6
Year (2015) 1 of 1
Size (of disclosed) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-15 MailStore Software

Viersen, Germany

MailStore Software GmbH is a manufacturers of email archiving solutions worldwide. MailStore is offering a solution developed specifically for providers with the MailStore Service Provider Edition (SPE), enabling them to provide legally compliant email archiving as a managed service to their customers

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-31 Double-Take Software

Southborough, Massachusetts, United States

Double-Take Software, Inc. is a provider of software solution for accessible and affordable data protection for Microsoft Windows applications.

Buy $65M

Seller(S) 1

SELLER

Seagate Technology

Dublin, Ireland

Category Company
Founded 1978
Sector Technology Hardware
Employees33,400
Revenue 7.4B USD (2023)
DESCRIPTION
Seagate facility in Fremont, California.
Seagate facility in Fremont, California.

Seagate Technology is a provider of technology and products enabling people to store, access, and manage information. The Company is committed to providing best-in-class products to help people get information when, where and how they want it. Seagate is the world's largest manufacturer of disc drives magnetic discs and read-write heads, an innovator in tape drives, and a leading developer of Business Intelligence software. Seagate Technology was founded in 1978 and is based in Dublin, Ireland.


DEAL STATS #
Overall 1 of 1
Sector (Internet Software and Services) 1 of 1
Type (Divestiture) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2015) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-19 Lyve Minds

Cupertino, California, United States

Lyve Minds, Inc. is a provider of cloud base app to pull all of individual user photos and videos together organizes them into one collection, and gives you instant access anywhere.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-28 Kioxia

Tokyo, Japan

Kioxia is a provider of non-volatile memory solutions. The products can be found embedded in smartphones, MP3 players, satellite navigation systems, digital still cameras and digital video recorders. KIOXIA also produces a wide range of digital media storage devices such as SDHCTM, SDXCTM, microSDTM, and FlashAirTM wireless memory cards and USB flash drives to meet the growing storage needs of electronic devices. Kioxia was founded in 2017 and is based in Tokyo, Japan.

Buy $18.0B