Seagate Technology, a manufacturer and marketer of hard disc drives, agreed to acquire Emeryville, Calif.-based EVault, a provider of online data back-up and recovery systems for $185 million in cash.
The deal is expected to close during the third quarter of Seagate’s 2007 fiscal year.
Seagate said it would integrate EVault’s services and products to the small and midsized market.
Founded in 1997, EVault has roughly 8,500 customers, including hundreds of financial, health care and legal organizations.
