Carbonite Announces Webroot PurchaseCarbonite Announces Webroot Purchase
The purchase will add WebRoot's cloud-based security to the cloud-based data backup and recovery platform of Carbonite.
February 8, 2019
Carbonite has announced an agreement to purchase Webroot, bringing endpoint and network protection to Carbonite's cloud-based data protection services.
The deal, valued at approximately $618.5 million, will be an all-cash transaction paid for from Carbonite's cash on hand and funds from a new credit facility. The deal is expected to close in the first quarter of this year, subject to regulatory approval and closing conditions.
According to the deal's announcement, the combined company is expected to address endpoint protection through a combination of cloud-based security, backup, and recovery. One of the specific solutions envisioned for the integrated protection is a ransomware prevention and recovery service.
Both companies' channel partners are expected to carry the combined offerings of the new platform.
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