Sponsored By

The acquisition was confirmed just six months after Carbonite bought Webroot.

Dark Reading Staff

November 12, 2019

1 Min Read

Canadian enterprise information management software company OpenText will buy cloud backup and recovery firm Carbonite, the companies announced today.

OpenText will buy Carbonite for "nearly $800 million in cash," reports Reuters, and the acquisition is valued at about $1.42 billion including debt. The deal is expected to close within 90 days.

The acquisition happens just nine months after Carbonite itself closed on an acquisition of endpoint security and threat intelligence company Webroot for $618.5 million.  

The acquisition of Carbonite "will further strengthen OpenText as a leader in cloud platforms, complete end-point security and protection, and will open a new route to connect with customers, through Carbonite's marquee SMB/prosumer channel and products," said Mark J. Barrenechea, CEO and CTO of OpenText, in a statement, via BizJournals

For more, see here.

About the Author(s)

Dark Reading Staff

Dark Reading

Dark Reading is a leading cybersecurity media site.

Keep up with the latest cybersecurity threats, newly discovered vulnerabilities, data breach information, and emerging trends. Delivered daily or weekly right to your email inbox.

You May Also Like


More Insights