Mozy Acquired for $76 Million by EMC
It has been already reported by the big boys (Techcrunch and Mashable) that Online Storage company Mozy has been acquired by EMC Corporation. Mozy is reported to have nearly $40 billion market cap. According to two sources close to the deal the price is $76 million.
Mozy raised $1.9 million in capital, which was led by Wasatch Ventures, so this seems to be a very good exit for Mozy. In contrast major competitor Carbonite has raised $21 million in VC funding, so they might be a little pushed to match this kind of exit on capital.
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