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May 19, 2009

McAfee, EMC join for online backup

McAfee announced that it is planning to work with EMC to provide online PC backup services and plans acquiring a company that works against ATM hacking.

By CBR Staff Writer

The company would provide unlimited web-based backup for personal computers with EMC’s Mozy division for $50 to $60 a year.

It intends to pay $33m to buy  Cupertino, California-based SolidCore Systems, adding products that help companies protect ATMs and other point-of-sale systems used by retailers including multifunction printers. It could pay another $14m if Solidcore’s business meets certain financial targets.

The company could bring the PC backup service in the second half of the year, arriving as a late player in a market already dominated by bigger rivals like Symantec, EMC and Carbonite, reported by Reuters.

Todd Gebhart, executive vice president of McAfee said: “SolidCore’s products are used by more than 100 financial institutions and in more than 15,000 retail stores.”

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