Mozy Acquisition Confirmed

Michael Arrington

J. Michael Arrington (born March 13, 1970 in Huntington Beach, California) is a serial entrepreneur and the founder of TechCrunch, a blog covering startups and technology news. Arrington attended Claremont McKenna College (BA Economics, 1992) and Stanford Law School (JD, 1995) and practiced as a corporate and securities lawyer at two law firms: O’Melveny & Myers and Wilson Sonsini Goodrich... → Learn More

Thursday, October 4th, 2007

EMC Corporation announced the acquisition of Utah-based startup Mozy this morning, confirming our story of September 23. The price is not being disclosed, but our sources indicate that Mozy was acquired for $76 million.

This was an excellent liquidity event for the Mozy team, which had raised just $1.9 million back in 2005. The company claims 300,000 business and consumer customers for their online backup storage solution.

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