Symantec buys online backup vendor SwapDrive

Symantec will now have Web-based storage with authentication

Symantec Corp. this month acquired online file backup and recovery vendor SwapDrive Inc. in a move similar to EMC Corp.'s acquisition of online backup provider Mozy Inc. last September. (Compare storage products.)

"SwapDrive's market-leading solutions complement Symantec's Norton consumer portfolio and strategy by providing data backup and management solutions to help customers work and play freely -- with confidence -- in a connected world," Symantec said in a statement on its Web site.

Symantec did not reveal terms of the acquisition. EMC's $76 million acquisition of Mozy allowed EMC to unveil its first software-as-a-service storage application last January. (Watch a slide show of the hottest tech mergers and acquisitions.)

Symantec also gains SwapDrive companies Backup.com, a data-protection service, and WhaleMail, which lets users send files of any size over the Web.

SwapDrive was founded in 1998 and says it offers Web-based storage with strong authentication, encryption and firewall technologies ensuring data safety. Redundant storage protects against data loss, the company said.

"Each file stored is copied on telco-grade disk drive systems and then backed up again, making data loss virtually impossible," SwapDrive advertises.

This story, "Symantec buys online backup vendor SwapDrive" was originally published by Network World.

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