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Dell Technologies Inc. has agreed to sell its data-backup subsidiary Mozy Inc. to Boston-based Carbonite Inc. for $145.8 million in cash.
Carbonite (Nasdaq: CARB) makes similar data-protection products, and the deal helps it capture more of its market, which ranges from individuals backing up their home computers to businesses migrating to the cloud.
“Carbonite’s competitive advantage is our flexible data protection platform, which serves every scenario," Carbonite CEO Mohamad Ali said in a…
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Dell to sell data security subsidiary for $146M