Home Deals Carbonite absorbs Webroot for US$618.5m

Cloud back-up provider Carbonite has agreed to acquire security vendor Webroot for approximately US$618.5 million in cash.

Once the Carbonite and Webroot product lines have been combined, customers will benefit from an easy-to-use, cloud-based, integrated offering with a unique ransomware prevention and recovery solution, according to Carbonite.

“The acquisition of Webroot dramatically accelerates our progress towards becoming the leading data protection company,” said Carbonite president and chief executive Mohamad Ali.

“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.

“The Webroot team has a passion for building technology to simplify the way customers protect their important data, and we are excited to welcome them.”

Webroot chief executive Mike Potts said: “Carbonite and Webroot have a common focus on making data protection and cybersecurity solutions accessible and easy to use, as well as a dedication to customer success, and we are thrilled to become part of their team.

“Together we can deliver tremendous value to our customers and partners.”

The transaction has been unanimously approved by the boards of directors of both companies and by the requisite percentage of Webroot stockholders.

It is expected to close by the end of March.

Image: William Warby (CC BY 2.0) via Flickr.

FREE SEMINAR

Site24x7 Seminars

Deliver Better User Experience in Today's Era of Digital Transformation

Some IT problems are better solved from the cloud

Join us as we discuss how DevOps in combination with AIOps can assure a seamless user experience, and assist you in monitoring all your individual IT components—including your websites, services, network infrastructure, and private or public clouds—from a single, cloud-based dashboard.

Sydney 7th May 2019

Melbourne 09 May 2019

Don’t miss out! Register Today!

REGISTER HERE!

LEARN HOW TO REDUCE YOUR RISK OF A CYBER ATTACK

Australia is a cyber espionage hot spot.

As we automate, script and move to the cloud, more and more businesses are reliant on infrastructure that has the high potential to be exposed to risk.

It only takes one awry email to expose an accounts’ payable process, and for cyber attackers to cost a business thousands of dollars.

In the free white paper ‘6 Steps to Improve your Business Cyber Security’ you’ll learn some simple steps you should be taking to prevent devastating and malicious cyber attacks from destroying your business.

Cyber security can no longer be ignored, in this white paper you’ll learn:

· How does business security get breached?
· What can it cost to get it wrong?
· 6 actionable tips

DOWNLOAD NOW!

Stephen Withers

joomla visitors

Stephen Withers is one of Australia¹s most experienced IT journalists, having begun his career in the days of 8-bit 'microcomputers'. He covers the gamut from gadgets to enterprise systems. In previous lives he has been an academic, a systems programmer, an IT support manager, and an online services manager. Stephen holds an honours degree in Management Sciences and a PhD in Industrial and Business Studies.

 

Popular News

 

Telecommunications

 

Guest Opinion

 

Sponsored News

 

 

 

 

Connect