Mozy Acquired By EMC For $76 Million

For various reasons I have been looking at this part of the industry for a while now, and this one got me by surprise.  Per TechCrunch (no official statements yet) Mozy - the online backup service - is snatched by EMC for $76M.  Now to have the perspective, you need to know that: 1) Mozy had raised less than $2M in VC money (sweet deal, huh?), and 2) As a user of their service (this is just one opinion but you can say that it's an "informed" opinion) their service was far from reliable.  So EMC has not bought a good "product", it has bought a good "concept" and arguably a good team.

Well, nevertheless, congratulations to whoever that made this happen, probably their CEO.  The product might have not performed, but the company certainly did :-)