PC World - Seagate Buys EVault

"Hard drive maker Seagate Technology will buy EVault for $185 million in an acquisition designed to bolster Seagate's managed services business, the company said today.
EVault, based in Emeryville, California, provides online network backup, recovery, and data protection products for small-to-medium size businesses. Seagate said the market segment comprises 74 million businesses and represents a multi-billion dollar growth area.
EVault is a privately held company founded in 1997 and has 250 employees and 8500 customers in financial, heath care, and legal organizations."