Seagate will buy online backup company EVault for $185M

Seagate Technology said it will acquire online storage and backup company EVault, of Emeryville, for $185 million cash.

EVault was founded in 1997, and raised at least $16 million in venture capital since 2000 from the Business Engineering Science & Technology Discoveries Fund, Council Ventures; Jemison Investment, Massey Burch, River Cities Capital Funds and individuals.

(This story originally posted 12/21)

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