Carbonite Will Acquire Zmanda for $15 Million
Old start-up in enhanced version of open source backup project Amanda
This is a Press Release edited by StorageNewsletter.com on October 19, 2012 at 2:56 pmCarbonite, Inc., in online backup solutions for consumers and SMBs, and Zmanda, Inc., provider of open source and cloud backup solutions have announced that the companies have entered into a definitive agreement whereby Carbonite will acquire Zmanda.
"Zmanda is a great strategic fit for Carbonite. Carbonite has focused on backing up computers and mobile devices, while Zmanda has focused on backing up servers and databases. In the SMB market, most companies need both," said David Friend, chairman and CEO of Carbonite. "Furthermore, IT resellers and MSPs want to be able to offer their clients a complete cloud backup solution from one vendor that protects both computers and servers. We believe that adding in the Zmanda capabilities to Carbonite Business significantly expands our opportunity and will enable us to further capture the emerging and fast growing SMB cloud backup market."
Founded in 2005, Zmanda provides an enhanced version of Amanda, an open source backup project, believed to be deployed on over one million systems worldwide. It offers commercial support for Amanda, and has delivered innovations for SMB markets, including Zmanda Cloud Backup and Amanda Enterprise. Zmanda provides centralized backup of file systems, virtual machines, applications and databases. The product suite backs up SQL Server, Exchange Server, SharePoint, Oracle, PostgreSQL and MySQL databases and its solutions run on Windows, Mac OS X, Linux and Solaris.
This acquisition will enhance Carbonite’s SMB offering with the ability to backup databases and file systems to the cloud, and will enable SMBs to obtain all the backup solutions they need from one vendor. Zmanda customers will now also have access to the Carbonite Business cloud backup solution for their computers. Furthermore, the combined offerings will provide resellers with a complete solution for data protection and recovery.
"In the backup world, one size does not fit all. Specific market segments require specific solutions, and for SMBs, these solutions must be affordable," said Oussama El-Hilali, SVP of Engineering, Carbonite. "Similar to Carbonite’s intrinsic ease-of-use and affordability, Zmanda delivers a very robust offering that is also impressively simple and cost-effective. I look forward to working with the Zmanda team to integrate the solutions into the Carbonite Business product line."
"With more than twenty years of ongoing development and significant research and development investment from Zmanda in past seven years, Amanda is recognized as one of the most robust backup platforms built for today’s businesses," said Chander Kant, founder and CEO of Zmanda. "As server backup migrates now to the cloud, Zmanda’s cloud backup offerings are well positioned to ride this trend. We look forward to integrating the Zmanda solutions to complement Carbonite’s cloud backup as an unbeatable solution for the SMB market."
The acquisition is subject to customary closing conditions and is expected to close in the fourth quarter of 2012.
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Zmanda, based in Sunnyvale, CA got a total of $13 million in VC funding among two rounds, $5 million in 2005 and $8 million in 2007, from Blue Run Ventures, Canaan Partners and Helion Venture Partners.
Co-founders are CEO Chander Kant who was business development executive at Veritas and served as product line manager for storage software at SGI, and VP engineering Paddy Sreenivasan, who held engineering roles at Cisco, SGI and HP.
The company employs 50 people.
Strategic partners include Sun, MySQL, Oracle, NetApp, Red Hat, and Canonical (Ubuntu).
Zmanda's backup and recovery solutions have been selected in 60 countries by companies including Amazon, Yahoo! Mail, Yelp, PowerReviews, Harvard University Children's Hospital, Vyatta, Prognosys Biosciences, Cisco, Xerox, US Navy and the Lawrence Livermore National Laboratory.
According to a SEC filing published by Carbonite:" The company will pay to the stockholders of Zmanda an aggregate amount of $14.75 million, subject to certain adjustments as set forth in the merger agreement."
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