Carbonite Closes Acquisition of Webroot

Transaction combines data backup and recovery technology with cybersecurity platform to deliver complete data protection for customers and their endpoints

BOSTON, MA and BROOMFIELD, CO - March 26, 2019

Carbonite, Inc. (NASDAQ: CARB), a leading cloud-based data protection provider, today 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 directly to Mohamad Ali, President and CEO of Carbonite. Together, Webroot and Carbonite 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 Mohamad Ali, Carbonite CEO. “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 John Post, SVP and GM of Webroot, a Carbonite company. “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.”

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About Carbonite

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 businesses on a global scale with secure cloud infrastructure. To learn more, visit www.carbonite.com and follow us on Twitter at @Carbonite.

About Webroot

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 Cisco, F5 Networks, Citrix, Aruba, A10 Networks, and more. Leveraging the power of machine learning to protect millions of businesses and individuals, Webroot secures the connected world. Headquartered in Colorado, Webroot operates globally across North America, Europe, and Asia. Discover Smarter Cybersecurity® solutions at www.Webroot.com.

Investor Relations Contact:

Jeremiah Sisitsky
Carbonite
781-928-0713
investor.relations@carbonite.com

Media Contacts:

Sarah King
Carbonite
617-421-5601
media@carbonite.com

Kelsey Shively, Weber Shandwick (for Carbonite)
425-306-2090
wswnacarbonite@webershandwick.com

ウェブルートについて

ウェブルートは Smarter Cybersecurityのソリューションプロバイダです。インテリジェントなエンドポイント保護および脅威インテリジェンス・サービスによって「モノのインターネット」(IoT=Internet of Things)のセキュリティを実現。クラウドベースで予測型の総合脅威インテリジェンス・プラットフォームを活用することによって、コンピュータ、タブレット、スマートフォン、そしてあらゆるデバイスをマルウェアや他のサイバー攻撃から保護しています。高い評価を受けているSecureAnywhereインテリジェント・エンドポイント保護とBrightCloud脅威インテリジェンス・サービスは、世界中で数千万台以上のエンドユーザ、企業、エンタープライズ機器を守っています。ウェブルートのテクノロジーは、業界トップリーダーであるCisco、F5 Networks、HP、Microsoft、Palo Alto Networks、RSA、Arubaなどのソリューションに採用され、高い信頼を得ています。本社を米国コロラド州に置き、北米、欧州、アジア環太平洋、日本でビジネス展開しています。Smarter Cybersecurityの詳細はウェブサイトhttps://www.webroot.com/jp/ja/ をご参照ください。