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EMC Munches Mozy
The deal is worth around $76 million, according to Mozy CEO Josh Coates, who will now become a CTO within EMC's Advanced Technology Group. "Mostly I am going to be doing R&D work and a more supportive role for Mozy moving forward," he says.
The exec, who will report to EMC CTO Jeff Nick, tells Byte and Switch that all of Mozy's 60-strong workforce will be moving over to EMC. "We will be a wholly own subsidiary of EMC, managed by the New Ventures Group."
EMC confirmed this morning that Mozy will not have a material impact on its revenues or earnings per share for 2007, although it has not revealed its specific plans for the company.
The Mozy deal is the latest in a slew of acquisitions from EMC, including Avamar, Kashya, Network Intelligence, and Tablus. The Avamar and Kashya deals, in particular, aimed to boost EMC's presence in the backup-and-recovery space.
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