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Symantec Buys Online Backup Service SwapDrive For $123 Million

company & product profiles | swaptree | symantec | web 2.0 news & ideas

Online storage is back. Last September, EMC bought online storage startup Mozy for $76 million. Last week, Symantec signed a deal brewing since February to buy SwapDrive. A source close to the company says that Symantec paid $123 million. According to my source, the company made $13 million in profits last [...]

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