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Seagate sells EVault for $14 million


It looks like Seagate is leaving behind EVault in 2016.

Boston, MA-based Carbonite Inc. announced it has acquired the storage vendor’s and disaster recovery business  for $14 million.

Carbonite itself is a cloud and hybrid backup and recovery solution provider with offices in Lewiston, ME and Ismaning, Germany in addition to headquarters, and focuses on SMBs.

EVault, meanwhile, was acquired but Seagate in 2006 for $185 million but was not formally integrated into Seagate until 2014.

“EVault’s proven technology, … enables us to round out our portfolio and immediately provide the features and functionality larger businesses require to support their complex environments,” Mohamad Ali, president and CEO of Carbonite, said in a statement.

Among the solutions to be offered by Carbonite include software-based Cloud Backup and Recovery, Backup and Recovery Appliance, and Cloud Resiliency Services.

The transaction is expected to close in early 2016.