- Dec 31, 1969
Seagate Technology has announced that it will buy the online data storage firm, EVault. The purchase will cost the worlds largest hard drive maker $185 million in cash.
EVault, a privately held company based in Emeryville, specializes in providing automatic backup and data recovery services to small- to medium-sized businesses. It was founded in 1997, has more than 250 employees and serves more than 8,500 customers worldwide.