Carbonite, Inc., a leader in data protection, announced the closing of its†acquisition of Mozy, Inc.†from Dell Technologies Inc.
The total purchase price for Mozy was $145.8 million in cash, subject to potential adjustments for working capital. The purchase price was funded with cash on hand and funds available under the Company’s new revolving credit facility with Silicon Valley Bank, Citizens Bank, Barclays Bank, HSBC Bank USA, and Wells Fargo Bank, National Association.