Carbonite Buys Backup Firm Zmanda as Big Data Spending Skyrockets
Boston-based Carbonite (NASDAQ: CARB), the online data backup company, says it is acquiring Zmanda, a Sunnyvale, CA-based open source and cloud backup company. The price tag is about $14.75 million, with some adjustments. The deal is expected to close in the fourth quarter of this year.
“Zmanda is a great strategic fit for Carbonite,” says David Friend, CEO and co-founder of Carbonite, in a statement. “Carbonite has focused on backing up computers and mobile devices, while Zmanda has focused on backing up servers and databases. In the small to medium business (SMB) market, most companies need both.”
Zmanda started in 2005 and is led by founder and CEO Chander Kant. It’s fair to say both Zmanda and Carbonite are companies that were set up for the “big data” trend before that became a buzzword.
Carbonite’s Friend is giving a keynote talk at Xconomy’s “Future of Big Data” conference in Boston on October 24.