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Symantec buys online backup vendor SwapDrive

Symantec buys online backup vendor SwapDrive

Move is similar to EMC's Mozy acquisition

Symantec this month acquired online file backup and recovery vendor SwapDrive, in a move similar to EMC's acquisition of online backup provider Mozy last September.

"SwapDrive's market-leading solutions complement Symantec's Norton consumer portfolio and strategy, by providing data backup and management solutions to help customers work and play freely - with confidence - in a connected world," Symantec says in a statement on its Web site.

Symantec did not reveal terms of the acquisition. EMC's US$76 million acquisition of Mozy allowed EMC to unveil its first software-as-a-service storage application last January.

Symantec also gains SwapDrive companies Backup.com, a data protection service, and WhaleMail, which lets users send files of any size over the Web.

SwapDrive was founded in 1998 and says it offers Web-based storage with strong authentication, encryption and firewall technologies ensuring data safety. Redundant storage protects against data loss, the company says.

"Each file stored is copied on Telco-grade disk drive systems and then backed up again, making data loss virtually impossible," SwapDrive advertises.


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