Symantec enters crowded online data backup market

By Martin Courtney

12 Jun 2008

Comment: 1

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Symantec will integrate online backup into consumer security and storage software suites

Symantec has acquired online backup company SwapDrive for an estimated $123m (£63m), say reports.

SwapDrive offers a secure online service to consumers and small businesses that want to upload and store information which can be retrieved at any time from any device.

Further reading

Many companies already offer online backup services, including EMC (which acquired online backup provider Mozy last year), HP, IBM and Microsoft, as well as dedicated online backup providers such as Iron Mountain.

Symantec will integrate SwapDrive's service into its Norton consumer storage and security products, selling online storage space as part of broader subscription software packages.

SwapDrive offers specific chunks of single or multi-user storage capacity, ranging from 100MB to 10GB, costing from $7.50 (£3.85) to $280 (£144) per month to lease. Features include user authentication, Triple-DES data encryption, firewall protection and redundancy for data loss prevention.

Reader comments

Online Backup Services

On the subject of file backup, sharing and storage ...

Online backup is becoming common these days. It is estimated that 70-75% of all PCs will be connected to online backup services within the next decade.

Thousands of online backup companies exist, from one guy operating in his apartment to Fortune 500 companies.

Choosing the best online backup company will be very confusing and difficult. One website I find very helpful in making a decision to pick an online backup company is:

http://www.BackupReview.info

This site lists more than 400 online backup companies in its directory and ranks the top 25 on a monthly basis.

Posted by: Jenny  13 Jun 2008

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