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EMC jettisons $76m into web 2.0 storage cloud

Money is like manure. You have to spread it around or it smells

Internet Security Threat Report 2014

EMC has grown bored of sitting on a fat pile of VMware IPO cash and reportedly dropped $76m for web-based automated backup outfit Mozy.

The service is one of dozens of start-ups offering online storage to consumers and businesses.

Mozy's biggest start-up rivals are Carbonite and AllMyData. All charge about $4 to $5 per month for unlimited backup.

The young guns have a slight lead on Google, which is still tinkering with Google Shared Storage, a backup service of its own that will eventually integrate with GMail and Google Apps. Inevitably, Microsoft's having a pop too with SkyDrive, which was made available in beta in August.

EMC and Mozy are yet to officially own up to the union. ®

Internet Security Threat Report 2014

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