Cloud Computing: Carbonite to Acquire MailStore for Approx. $19.8M
December 15, 2014
Grazed from TalkinCloud. Author: Dan Kobialka.
Cloud and hybrid backup and recovery solutions provider Carbonite (CARB) today announced plans to acquire MailStore for approximately $19.8 million. Carbonite CEO Mohamad Ali said he believes acquiring MailStore, a German email archiving solutions provider for small and medium-sized businesses (SMBs), will help his company expand globally and improve its SMB continuity solutions portfolio.
"MailStore is a great fit for Carbonite, as both companies are committed to providing SMBs with powerful yet simple data protection solutions," he said in a prepared statement. "In addition to offering email archiving to businesses worldwide with MailStore’s existing solutions, Carbonite will integrate MailStore’s robust full-text search and indexing capabilities into our product portfolio to help our business customers better manage, understand and leverage their data."…
Read more from the source @ http://talkincloud.com/cloud-computing-mergers-and-acquisitions/12152014/carbonite-acquire-mailstore-approx-198m