Breaking News:

The Final Cut Reviews; Deet n Bax Save th’ World – A Stoner Comedy Starring Jason Mewes, Craig Michaelson and Weston Cage.
Deet n Bax Save the World Movie Starring Jason Mewes Premier on 4/20/2015 in Portland
Feature Film “Deet n Bax Save the World” Starring Jason Mewes to be Released on 4/20/2015 ”Deet n Bax Save the World” an Action Stoner Comedy starring Jason Mewes produced by TruEarth Entertainment.
TruEarth Entertainment to Deliver First Feature Film Starring Jason Mewes
Deet n Bax Save the World Movie – Sex, Guns & Weed!
Deet n Bax Save the World wrapped on November 4th!
Deet n Bax Save the World resumes filming this Monday in Portland Oregon!
Deet and Bax Save The World Movie Resumes Filming Soon!
Boxing news: Dave Allen could fight Anthony Joshua, Deontay Wilder after TWO fights
Sri Lanka attack: Six explosions at churches and hotels, at least 30 people killed
Donald Trump’s daytime golf visits have ‘cost taxpayers $97 MILLION’ according to data
Spanish Election 2019: Catalan independence parties to be KINGMAKERS as no majority likely
BLOW to Trump as popularity PLUMMETS to lowest level of the year after Mueller report
Ivanka Trump RIDICULED after controversial post on Twitter following trip to Africa
Barcelona to call off raid for Man Utd star Marcus Rashford due to TWO demands – EXCLUSIVE
INDIA VS PAKISTAN: India warns IMF to NOT bail out Pakistan ‘They’re funding TERRORISTS’!’
Macron popularity rises to 23-week high after handling of devastating Notre Dame fire
US tensions with Moscow intensify as Washington demands countries to BLOCK Russian planes
TECHNOLOGY

Carbonite to acquire endpoint security company Webroot for $618.5M

0 2

Carbonite, the online backup and recovery company based in Boston, announced late yesterday that it will be acquiring Webroot, an endpoint security vendor, for $ 618.5 million in cash.

The company believes that by combining its cloud backup service with Webroot’s endpoint security tools, it will give customers a more complete solution. Webroot’s history actually predates the cloud, having launched in 1997. The private company reported $ 250 million in revenue for fiscal 2018, according to data provided by Carbonite . That will combine with Carbonite’s $ 296.4 million in revenue for the same time period.

Carbonite CEO and president Mohamad Ali saw the deal as a way to expand the Carbonite offering. “With threats like ransomware evolving daily, our customers and partners are increasingly seeking a more comprehensive solution that is both powerful and easy to use. Backup and recovery, combined with endpoint security and threat intelligence, is a differentiated solution that provides one, comprehensive data protection platform,” Ali explained in a statement.

The deal, not only enhances Carbonite’s backup offering, it gives the company access to a new set of customers. While Carbonite sells mainly through Value Added Resellers (VARs), Webroot’s customers are mainly 14,000 Managed Service Providers (MSPs). That lack of overlap could increase its market reach through to the MSP channel. Webroot has 300,000 customers, according to Carbonite.

This is not the first Carbonite acquisition. It has acquired several other companies over the last several years including buying Mozy from Dell a year ago for $ 145 million. The acquisition strategy is about using its checkbook to expand the capabilities of the platform to offer a more comprehensive set of tools beyond core backup and recovery.

Graphic: Carbonite

The company announced it is using cash on hand and a $ 550 million loan from Barclays, Citizens Bank and RBC Capital Markets to finance the deal. Per usual, the acquisition will be subject to regulatory approval, but is expected to close this quarter.


Enterprise – TechCrunch

Please like & share:

Related Posts

LEAVE YOUR COMMENTS

Wad News Junior Sponsor

Join us on Facebook and Twitter!

Subscribe To Wad News


Support Wad News Shop Here!

Join Us

Enjoy this blog? Please spread the word :)