EVault explained

EVault
Type:Business unit of Carbonite
Foundation:1997
Hq Location:Boston, Massachusetts
Key People:Paul Mellinger, SVP and General Manager
Industry:Data Backup
Data Recovery
Disaster Recovery
Cloud Storage Services

EVault is a part of Carbonite, and a brand name for some of Carbonite's product offerings. EVault and its partner network develop and support on-premises, cloud-based, and hybrid backup and recovery services for mid-market customers in need of data backup, data recovery, disaster recovery, regulatory compliance, and cloud storage or online backup services. The company primarily serves customers in heavily regulated industries—financial services, legal, and health care, as well as in government, education, telecommunications, and charity/nonprofit sectors. Headquartered in Boston, Massachusetts, United States, the company has sales, service, and data center operations in North America and EMEA.

History

EVault was founded in 1997[1] as a cloud services company, backed by Council Ventures, with General Partner Gary Peat as lead investor in Series A in 2001. By 2006 EVault had become, through revenues and acquisitions (including the Open File Manager product line from St. Bernard Software), one of the fastest-growing technology companies in North America.[2]

Seagate Technology, which had acquired ActionFront Data Recovery Labs in November 2005 and launched Seagate Recovery Services, acquired EVault in 2007.[3] In 2007 Seagate also acquired MetaLINCS,[4] which provides E-Discovery software and managed service solutions.In September 2008, Seagate rebranded these acquisitions, which had been operating as a division of Seagate under the name Seagate Services, as a new entity, formally named i365, a Seagate Company.[5] [6] Seagate Recovery Services was taken from the i365 basket in 2011.[7] In December 2011, the EVault name was restored in light of its greater cachet in the marketplace.

On 16 December 2015, Carbonite acquired Seagate's EVault cloud backup service, including the brand name and logo, for $14M USD.[8] In April 2017, Carbonite EVault became Carbonite Server Backup.[9]

In 2019, Carbonite was acquired by OpenText, "a global leader in Enterprise Information Management".[10]

Backup and Recovery Products and Services

The EVault line includes disk-based software, appliances, and software-as-a-service or SaaS, all of which share a common technology platform.[11] The company encourages customers to deploy EVault on-premises and offsite technologies in combination as hybrid, or "cloud-connected," solutions.[12]

Notes and References

  1. https://web.archive.org/web/20100417193834/http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=686324 Bloomberg Businessweek
  2. http://www.businesswire.com/news/home/20060411005283/en/EVaults-Sustained-Growth-Drives-Company-Expansion-Online BusinessWire
  3. http://www.seagate.com/ww/v/index.jsp?locale=en-US&name=seagate-to-acquire-evault&vgnextoid=9b5962ee2c6ef010VgnVCM100000dd04090aRCRD Seagate.com
  4. Web site: Seagate Acquires MetaLINCS . 2024-11-18 . www.networkcomputing.com . en.
  5. http://www.i365.com/assets/downloads/press/pr_2008_09_23.html Evault.com
  6. Web site: Preimesberger . Chris . 2008-09-23 . Seagate Launches New Storage Services Subsidiary . 2024-11-18 . eWEEK . en-US.
  7. Web site: Evault.com. 2012-04-12. https://web.archive.org/web/20160829053107/https://www.evault.com/data-recovery/index.html. 2016-08-29. dead.
  8. Web site: Sharewood . Simon . 17 December 2015 . Carbonite acquires Seagate's EVault backup cloud for US$14m . 26 November 2024 . The Register.
  9. https://www.carbonite.com/blog/2017/carbonite-evault-backup-solutions-always-on-always-up-to-date/
  10. Web site: Bray . Hiawatha . 11 November 2019 . Boston data backup company Carbonite sold for $1.42b - The Boston Globe . 2024-11-18 . BostonGlobe.com . en-US.
  11. Web site: EVault.com. 2012-04-12. https://web.archive.org/web/20120419024944/http://evault.com/products/how-it-works/data-backup-infrastructure.html. 2012-04-19. dead.
  12. Web site: Talkin' Cloud. 2012-04-12. https://web.archive.org/web/20140427012351/http://talkincloud.com/evault-cloud-backup-seeks-to-disrupt-symantec-backup-exec. 2014-04-27. dead.