Carbonite to Acquire Webroot, Creating a Leader in Endpoint Data Protection and Security
Combination of backup and recovery with cloud-based cybersecurity delivers a new approach to protecting endpoints
Complementary sales channels reach customers with a complete solution that’s powerful, yet simple
Transaction valued at
Founded in 1997, Webroot is a private company that secures endpoints and
provides network protection, security awareness training and threat
intelligence services. 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. Webroot's fiscal year 2018 revenue
“The acquisition of Webroot dramatically accelerates our progress
towards becoming the leading data protection company,” said
Ali continued, “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.”
“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,” said
Compelling Strategic and Financial Benefits
- Next-Generation Technology Platform: Combining Carbonite’s cloud-based data protection solutions and Webroot’s cloud-based machine learning technology will create a next-generation security platform to serve growing customer needs.
- A Comprehensive Solution, Delivering Better Results: A common set of customers will benefit from an easy-to-use, cloud-based, integrated offering, which includes a unique ransomware prevention and recovery solution.
- Consistent Routes to Market and Expansion of Addressable Market: Webroot and Carbonite share a go-to-market focus and a complementary ecosystem of channel partners. Webroot’s leading MSP partners and RMM relationships provide Carbonite with a new channel for increased scale and market expansion.
- Immediately Accretive: Based on Webroot’s current operating plan and existing customer contracts, the transaction is expected to be immediately accretive on an earnings and cash flow basis following the close of the transaction.
Carbonite will finance the acquisition with fully committed financing and existing cash on hand.
The transaction is expected to close in the first quarter of 2019, subject to the receipt of regulatory clearance and other customary closing conditions.
The transaction has been unanimously approved by the Boards of Directors of both companies and by the requisite percentage of stockholders of Webroot.
Conference Call and Webcast Details
Carbonite will host a live conference call on
The conference call can also be accessed by dialing 877-303-1393 in
Carbonite provides a robust Data Protection Platform for businesses, including backup, disaster recovery, high availability and workload migration technology. The Carbonite Data Protection Platform supports global businesses with secure cloud infrastructure. To learn more visit www.Carbonite.com.
Webroot harnesses the cloud and artificial intelligence to protect
businesses and individuals against cyber threats. Webroot is a leading
cybersecurity provider for managed service providers and small
businesses, who rely on Webroot for endpoint protection, network
protection, and security awareness training. Webroot BrightCloud® Threat
Intelligence Services are used by market-leading companies like
Cautionary Language Concerning Forward-Looking Statements
Certain matters discussed in this press release, including under
“Business Outlook,” have "forward-looking statements" intended to
qualify for the safe harbor from liability established by the Private
Securities Litigation Reform Act of 1995. These forward-looking
statements may generally be identified as such because the context of
such statements will include words such as "anticipate," "believe,"
"could," "estimate," "expect," "intend," "may," "plan," "potential,"
"predict," "project," "should," "will," "would" or words of similar
import. Similarly, statements that describe the Company's future plans,
objectives or goals are also forward-looking statements. Such
forward-looking statements are subject to risks, uncertainties and other
important factors that could cause actual results and the timing of
certain events to differ materially from future results expressed or
implied by such forward-looking statements. Factors that could cause or
contribute to such differences include, but are not limited to, our
ability to consummate the Webroot acquisition, integrate the Webroot
acquisition and other acquisitions into our operations and achieve the
expected operational and financial benefits of such acquisitions and the
timing of such benefits, our ability to profitably attract new customers
and retain existing customers, our dependence on the market for cloud
backup services, our ability to manage growth, changes in economic or
regulatory conditions or other trends affecting the Internet and the
information technology industry, and those discussed in the section
titled "Risk Factors" in our Annual Report on Form 10-K for the fiscal
MJ Baker, Weber Shandwick (for Carbonite)