Symantec this month acquired online file backup and recovery vendor SwapDrive, in a move similar to EMC's acquisition of online backup provider Mozy last September. (Compare storage products.)
"SwapDrive's market-leading solutions complement Symantec's Norton consumer portfolio and strategy, by providing data backup and management solutions to help customers work and play freely - with confidence - in a connected world," Symantec says in a statement on its Web site.
Symantec did not reveal terms of the acquisition. EMC's $76 million acquisition of Mozy allowed EMC to unveil its first software-as-a-service storage application last January. (Watch a slideshow of the hottest tech M&As.)
Symantec also gains SwapDrive companies Backup.com, a data protection service, and WhaleMail, which lets users send files of any size over the Web.
SwapDrive was founded in 1998 and says it offers Web-based storage with strong authentication, encryption and firewall technologies ensuring data safety. Redundant storage protects against data loss, the company says.
"Each file stored is copied on Telco-grade disk drive systems and then backed up again, making data loss virtually impossible," SwapDrive advertises.
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Comments (2)
Online Backup ServicesBy Anonymous on June 11, 2008, 9:02 pmOn the subject of file backup, sharing and storage ... Online backup is becoming common these days. It is estimated that 70-75% of all PC's will be connected...
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Disaster Recovery SolutionsBy Will on June 19, 2008, 4:59 pmThe point that cloud storage seems overvalued is dead-on. Swapdrive and Backup.com are good solutions backed by a solid team, but proper Business Continuity Planning...
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