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BOSTON, MA – March 19, 2018 — /BackupReview.info/ — Carbonite, Inc. (NASDAQ:CARB), a leader in data protection, today announced the closing of its acquisition of Mozy, Inc. (“Mozy”) from Dell Technologies Inc. The total purchase price for Mozy was $145.8 million in cash, subject to potential adjustments for working capital. The purchase price was funded with cash on hand and funds available under the Company’s new revolving credit facility with Silicon Valley Bank, Citizens Bank, Barclays Bank, HSBC Bank USA, and Wells Fargo Bank, National Association. “We welcome the Mozy community to the Carbonite family,” said Mohamad Ali, President and CEO of Carbonite. “Together, we will build a stronger future for data protection.” Carbonite is committed to supporting existing Mozy customers and partners. Therefore, Carbonite’s plan is to:
Carbonite will be announcing Mozy updates and showcasing the Carbonite Data Protection Platform at Dell Technologies World 2018 April 30th – May 3 in Las Vegas, Nevada. If you’re a member of the press or industry analyst community interested in setting up a meeting with a Carbonite representative at the show, please email Media@Carbonite.com. About Carbonite Investor Relations Contact: Media Contacts: Kelsey Shively, Weber Shandwick (for Carbonite) Source: Carbonite, Inc.
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