Symantec acquires Swapdrive, a cloud storage company

Symantec has acquired online backup and storage service SwapDrive and related properties for a reported $125 million along with SwapDrive affiliates and former acquisition targets themselves backup.com and whalemail.com. According to Symantec, its Norton brand will integrate the newly-acquired online backup service into “a comprehensive solution to help secure and manage all of [their customers'] digital […]

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Symantec has acquired online backup and storage service SwapDrive and related properties for a reported $125 million along with SwapDrive affiliates and former acquisition targets themselves backup.com and whalemail.com.

According to Symantec, its Norton brand will integrate the newly-acquired online backup service into “a comprehensive solution to help secure and manage all of [their customers'] digital information, across all of their devices.”

SwapDrive and Backup.com currently offer service packages to individuals and small- to mid-sized businesses on a month-to-month or annual basis. Features of the personal service with Backup include: automatic online, offsite, secure backups with "one touch" setup, web-based file access and restore, 256-bit AES encryption of all data, redundant secure data vaults, Delta-Block incremental backups, and file recovery that can take place online or via a CD/DVD sent by mail.

Source:→ BetaNews

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