Carbonite Closes Acquisition of Webroot

Carbonite, Inc. closed its previously announced acquisition of Webroot Inc.

The combination of cloud-based backup and recovery with cloud-based cybersecurity introduces a new approach to data protection for the endpoint.

The total purchase price for Webroot was $618.5 million in cash, as adjusted with respect to cash, debt, transaction expenses and working capital. The purchase price was funded with existing cash on hand and funds secured under a new $550 million term loan. The interest rate on the term loan is a floating rate based upon LIBOR plus 3.75%.

The Webroot business unit will be led by John Post, formerly Webroot’s CFO, as SVP and GM, and will report to Mohamad Ali, president and CEO of Carbonite.

Together, the two firms share a common go-to-market approach of delivering customer success through partner channels.

“The combination of these two companies creates a unique and powerful data protection and cybersecurity solution for our customers and partners,” said Ali. “We are thrilled to officially welcome Webroot to the Carbonite family and look forward to delivering positive results together.“

“Webroot and Carbonite share a common vision to empower small and mid-sized businesses with next generation solutions purpose-built for their unique needs,” said Post. “I’m confident we will build on the momentum of Carbonite and Webroot’s cloud-based approach to protecting endpoint data as we aim to deliver strong results for customers and partners.”

Webroot BrightCloud Threat Intelligence Services are used by companies like Cisco, F5 Networks, Citrix, Aruba, A10 Networks. Headquartered in Colorado, the company operates across North America, Europe, and Asia.

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Carbonite to Acquire Webroot for $618.5 Million
In cybersecurity
February 8, 2019 | Press Release