Seagate To Buy eVault

Seagate Technology (NYSE:STX) has agreed to acquire eVault Inc., an Emeryville, Calif.-based provider of online backup services, for $185 million in cash. EVault has raised over $15 million in VC funding since 2001, from firms like Council Ventures, BEST Fund, Jemison Investments, Massey Burch Capital and River Cities Capital Funds.