Business
Additional investment in Backblaze, Inc.
Additional investment in Backblaze, Inc..
About this update from Tmt Investments Plc
[{"type":"text","content":"\n \nRNS Number : 4528K TMT Investments PLC 30 July 2013 \n\n30 July 2013\n \nTMT INVESTMENTS PLC\n(\"TMT\" or the \"Company\")\n \nAdditional investment in Backblaze, Inc.\n \nTMT Investments PLC, which invests in high-growth internet-based companies across a variety of sectors, is pleased to announce that, pursuant to the terms of the original investment, it has invested an additional US$2.5 million in Backblaze, Inc., an online data backup provider (\"Backblaze\"). As a result, TMT currently owns 18.03% of Backblaze's fully diluted equity capital.\n \nTMT originally acquired 9.86% of Backblaze's fully diluted equity capital on 24 July 2012, for an aggregate consideration of US$2.5 million.\n \nIncorporated in Delaware and headquartered in San Mateo, California, Backblaze (www.Backblaze.com) offers a service that automatically and continuously backs up all data from Mac- or Windows-enabled computers, over the Internet, to Backblaze's data centres. The Backblaze service is competitively priced, and generally costs US$5 per month per computer for unlimited storage. When users lose data, they can restore a single file, a folder or all their data by downloading it from any web browser or having Backblaze mail their data on a USB flash key or USB hard drive. Customers can also access their files via the web, iPhone, or iPad.\n \nBackblaze has customers in over 100 countries, is localized in 11 languages, stores over 50 petabytes of data, and has restored over 3 billion files for its customers. The company has won numerous awards including SIIA CODiE award for Best Cloud Storage and Back Up Solution and AlwaysOn Global Top 250 private companies.\n \nDefinitive agreements for the transaction were entered into, and the transaction was completed, yesterday.\n \n \nFor further information contact:\n \n\n\n\n\nTMT Investments Plc\nMr. Alexander Selegenev\nwww.tmtinvestments.com\n \n\n\n+44 1534 281 843\[email protected]\n \n\n\n\n\nZAI Corporate Finance Ltd.\nNOMAD and Broker\nMarc Cramsie/Irina Lomova\n \n\n\n+44 20 7060 2220\n\n\n\n\nKinlan Communications\nDavid Hothersall\n \n\n\nTel. +44 20 7638 3435\[email protected]\n\n\n\n\n \nAbout TMT Investments\n \nTMT Investments PLC invests in high-growth...