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Carbonite estimates that the SMB market is worth $13 billion dollars in the United States and $40 billion dollars globally. In conjunction with Carobinite’s successful line of data protection and data recovery products for SMBs, the company will now have the capability to offer a full suite of solutions that are cost-effective, provide ease-of-use and meet the needs of all SMBs. Seagate’s EVault is one of the leading providers of Business Continuity and Disaster Recovery solutions for SMBs and small enterprises. Carbonite expects to complete the acquisition of Evault’s North American assets by month’s end, and expects to close on European Union assets during the first quarter of this year. Carbonite has agreed to pay Seagate $14 million, all in cash. In a recent release, Carbonite, one of the leading providers of cloud and hybrid Business Continuity solutions for SMBs announced that they have agreed to purchase EVault, the Backup and Disaster Recovery division of storage giant Seagate Technology.