“Remote Backup MozyPro Server and PC are all about simple, convenient data backup and retrieval.” “Catastrophic data loss can wipe out years of work – if not your entire business,” said Marcus Bartram, the telco’s head of Cloud Solutions Marketing within its small and medium business division. Carbonite President and CEO Mohamad Ali said the acquisition "provides Mozy customers scalable options for the future and gives Carbonite a broader base to which we offer our solutions.Telstra announced today that small to medium businesses would have access to EMC’s Mozy Pro remote backup solution through its T-Suite software as a service platform. "Changing rules on deductibility without regard for depreciation, pre-existing debt or transition periods will punish businesses that made investments in good faith, forcing them to accept a steep financial burden and unforeseen risks."ĭell did not comment by press time on whether the sale of Mozy was related in any way to the new federal tax bill.Įarlier this month, Michael Dell confirmed that his Round Rock, Tex.-based company is evaluating the two "potential business opportunities" of going public or merging with VMware with the desire to grow Dell "even faster and thrive in the very dynamic IT marketplace."Ĭarbonite's $146 million purchase of Mozy is expected to close within the next few weeks. "These new rules would unnecessarily impede growth for American employers that use debt as a capital infusion tool to drive growth and innovation," said Dell. In December, Dell Technologies CEO Michael Dell wrote an editorial for The Hill titled, 'Don't leave business in the lurch in tax reform deal'.ĭell said that the bill "severely" limits the current ability of U.S. The Tax Cuts and Jobs Act – although lowing the corporate tax rate from 35 percent to 21 percent – limits the tax deductibility of interest payments to 30 percent of a company's earnings before interest, taxes, depreciation and amortization (EBITDA). "As part of their top-to-bottom review of the whole business at the end of last year, as part of that topic, they obviously looked at the tax impact on their financial structure and are looking at what to do about that, along with the places they can't get synergy or figure out how to make something profitable," said Tanenhaus. Tanenhaus said it's "probable" that the passage of the federal Tax Cuts and Jobs Act bill by Congress in December played a role in Dell's decision to sell Mozy. "In Dell's world, you get all sort of overlapping technology when you start dealing with all of the different backup products that have some way to replicate and backup to the cloud," he said. Michael Tanenhaus, CEO of Mavenspire, an Annapolis, Md.-based solution provider and Dell EMC channel partner, said Mozy was "a bit of an outlier for the Dell EMC audience." "It wasn't the right customers for the channel." There wasn't really any need to," said the executive. ![]() ![]() Mozy, a Seattle-based backup storage and data protection specialist founded in 2005, came under the Dell Technologies umbrella in 2016 through its $67 billion acquisition of EMC.Ĭhannel partners said Mozy's consumer and SMB business focus didn't mesh well inside Dell Technologies for various reasons, including product overlap and its inability to get traction outside of small businesses. ![]() " is not a ton of money for Dell EMC, but it makes sense to sell it off right now." "Dell's looking at its balance sheet, how each business unit is doing, looking at the structure to see what it can shed to get ready for an uncertain budget year ahead in part because of the new tax code," said one top executive from a solution provider and Dell EMC partner, who did not wish to be named. Dell Technologies is selling its cloud-based backup storage Mozy business to Carbonite for $146 million as the company continues to explore significant structural changes, including the possibility of going public or merging with its subsidiary VMware.
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