Carbonite Inc has acquire U.S-based Zmanda, a provider of open source backup and recovery software, for $14.8m. Founded in 2005, Zmanda has previosuly raised $13m in VC funding, $5m in Series A and $8m in Series B, from early stage venture capital firm BlueRun Ventures, multi-billion dollar global venture capital firm Canaan Partners and Helion Venture Partners, an early to mid-stage India-focused venture fund.
Carbonite, which was launched in 2007, is an online backup solution and has raised $66m in total funding: $6m in Series A, $20m in B round and $20m in both Series C and D. Carbonite has customers in more than 100 countries.
David Friend, Chairman and Chief Executive of Carbonite commented: “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 small to medium business (SMB) market, most companies need both,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.”
The acquisition is subject to customary closing conditions and is expected to close in the fourth quarter of 2012.