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Mozy exits for Megabucks

TechCrunch reports on Mozy’s sale to EMC for 76m USD. Nice exit for Mozy, and as TechCrunch notes that was on an initial investment of 1.9m USD. You gotta love those multiples.

Unlike Carbonite, Mozy has focussed pretty much exclusively on the business market place and this is the obvious motive behind EMC’s acquisition.

Posted by Joe Drumgoole

This entry was posted on Monday, September 24th, 2007 at 2:29 pm and is filed under backup, emc, exits, mozy, techcrunch. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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