Symantec acquires 'cloud' storage company, charges buckets

Originally signing a deal in February of this year, Symantec has completed its acquisition of online backup and storage service SwapDrive and related properties for a reported $125 million.

Online backup service Swapdrive is now labeled with a prominent Symantec logo and states "Now part of Symantec!" along with SwapDrive affiliates (and former acquisition targets themselves) and

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 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.

The aspect of these services that has already been harshly criticized is the accompanying price tag. Through, a 50 GB backup package costs $449.50 annually for each individual. Small businesses can expect to pay upwards of $2,500 for a 300 GB backup package. With SwapDrive, the prices are even steeper: For the single user, $500 annually buys a mere 2 GB of online storage; multi-user/business accounts pay $2,800 yearly for only 10 GB.

9 Responses to Symantec acquires 'cloud' storage company, charges buckets

© 1998-2023 BetaNews, Inc. All Rights Reserved. Privacy Policy - Cookie Policy.