With its best-in-class technology, experienced team, and extensive go-to-market capabilities, including a powerful network of Managed Service Providers (“MSP”) and Remote Monitoring and Management (“RMM”) relationships, Webroot has established itself as a leader in the cybersecurity space. The transaction is expected to be immediately accretive on an earnings and cash flow basis, following the close of the transaction.įounded in 1997, Webroot is a private company that secures endpoints and provides network protection, security awareness training and threat intelligence services. The combined business will address a top vulnerability of businesses - the endpoint - with a comprehensive approach to protection through cloud-based cybersecurity, paired with cloud-based backup and recovery. Carbonite will fund the transaction with existing cash on hand and funds secured under a new credit facility.
(“Webroot”), a leading cybersecurity company, today announced that they have entered into a definitive agreement under which Carbonite will acquire Webroot for approximately $618.5 million in cash. (Nasdaq: CARB) (“Carbonite” or the “Company”), a leading cloud-based data protection provider, and Webroot Inc. Transaction valued at $618.5 million expected to be immediately accretive on an earnings and cash flow basisĬarbonite, Inc. Combination of backup and recovery with cloud-based cybersecurity delivers a new approach to protecting endpointsĬomplementary sales channels reach customers with a complete solution that’s powerful, yet simple
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