Online Backup Review White Paper Why Do Some Online Backup Companies Fail
BackupReview.info - Your source for online backup news, interviews and reviews
June 11th, 2008
By Beth Pariseau

According to a statement issued by Symantec today,

Symantec has acquired SwapDrive, a privately-held online storage company to strengthen the services offerings in the Norton consumer portfolio and to help consumers manage data across their devices. This was a small, targeted acquisition and is a very natural move for us because of our close two-year OEM relationship and existing product partnership on Norton 360.

If reports elsewhere are to be believed, however, “small” and “targeted” are relative terms–the deal is reportedly worth $123 million.

EMC, which made a similar acquisition of Mozy for $76 million last year, is already firing off counter punches, via an emailed statement to press pointing out …

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Symantec Takes SwapDrive

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Symantec acquires ‘cloud’ storage company, charges buckets

EWeek.com:

Symantec Acquires Online Backup Service

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