Seagate Acquires EVault

Hard-disk drive manufacture makes move into online data storage.

(San Jose, Calif.) Seagate Technology LLC, the world's largest maker of hard-disk drives, was to announce Thursday it has agreed to acquire EVault Inc., an online data storage service provider, for about $185 million in cash.

The move would widen Seagate's service offerings in a growing arena fueled by the demands of companies and individuals to store and keep backups of massive amounts of digital data.

EVault, a privately held company based in Emeryville, specializes in providing automatic backup and data recovery services to small- to medium-sized businesses. It was founded in 1997, has more than 250 employees and serves more than 8,500 customers worldwide.

Seagate, a $9.2 billion company which is based in the Cayman Islands but operates out of Scotts Valley, is expanding beyond its core business of making the disk drives that have long powered computers and more recently, electronics as well.

In 2005, it acquired Mirra Inc., a maker of personal servers that allow consumers or small businesses to easily upload and share files, and recover them later if needed. Seagate also acquired ActionFront Data Recovery Labs, a provider of professional data recovery services.

Both those companies operate as wholly owned subsidiaries. Seagate plans the same for EVault, though EVault and ActionFront will fall under a newly formed Seagate Services business unit, said Brian Dexheimer, a Seagate executive vice president.

The deal with EVault is expected to close in Seagate's fiscal third quarter following regulatory approvals, the company said.


  • Microsoft Ending Azure Container Service Support in 2020

    Microsoft gave notice earlier this month that it will be ending its Azure Container Service on Jan. 31, 2020.

  • Microsoft Releases Surface Diagnostic Toolkit for Business

    Microsoft released a new tool, Surface Diagnostic Toolkit for Business, earlier this month, providing a means for IT pros to find and troubleshoot problems on Microsoft Surface devices.

  • How To Enable Guest Access for Office 365

    While it's possible to give outside users access to certain content in your organization's Office 365 environment, the process of setting them up requires a few extra steps.

  • Microsoft Now Supports OpenSSH in Windows Server 2019

    Microsoft announced on Tuesday that the OpenSSH solution used for remote management is now a supported "Features on Demand" addition in both Windows 10 version 1809 and Windows Server 2019.

comments powered by Disqus
Most   Popular

Office 365 Watch

Sign up for our newsletter.

Terms and Privacy Policy consent

I agree to this site's Privacy Policy.