EMC Confirms Its Rumored Acquisition of Mozy, Will Keep Consumer Backup Service

10/4/07Follow @bbuderi

EMC today confirmed the widely reported speculation that it had acquired privately held Utah-based Berkeley Data Systems, which operates the online-backup service Mozy. Terms of the deal were not announced. However, last month the tech blog TechCrunch broke the news of the impending acquisition and pegged the price at $76 million.

Mozy is a nice fit for Hopkinton, MA-based storage leader EMC (NYSE: EMC). The service lets users download a small desktop application onto their personal computer’s hard drive. The application monitors key files or folders and automatically uploads copies to Mozy’s servers at pre-scheduled times, guaranteeing backups should something happen to their own copies.

Observers had wondered whether Mozy would continue to offer a consumer-facing service as part of EMC, which is mainly known for its enterprise products. But Tom Heiser, EMC’s senior vice president of corporate development and new ventures, said the service will stay. “We will continue to invest in Mozy’s full portfolio of online backup and recovery services and advance the Mozy brand in the marketplace,” Heiser said in a statement.

Bob is Xconomy's founder and editor in chief. You can e-mail him at bbuderi@xconomy.com, call him at 617.500.5926. Follow @bbuderi

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