The transaction will allows us to strengthen our offerings and global footprint, which will enhance the services we can provide to our loyal customers and partners like you. Copyright © 2020 Open Text Corporation. Leveraging decades of experience conducting security assessments for enterprises of all sizes, the OpenText team crafts policies and procedures that are designed to protect critical business assets, infrastructure and information. OpenText's Carbonite acquisition is aimed at extending OpenText's cloud portfolio of enterprise information management (EIM) systems and building its footprint in the small and medium-sized business (SMB) and consumer markets, the vendor said. Amplifying Webroot's commitment to protect home and business from today's cyberthreats, OpenText is committed to the mission of being cyber resilient. Canadian content services vendor OpenText acquired endpoint security and backup vendor Carbonite for $1.42 billion USD. “When Carbonite acquired Webroot in March, the plan for the first six months was to do no harm, and it wasn’t until the July timeframe that we began working on the integration,” Stilwell noted. The Webroot acquisition appears to have been less than smooth for Carbonite, which quadrupled its debt with a $550 million loan to make the purchase and reported disappointing second-quarter earnings. Click here to view the press release Carbonite issued today regarding this important announcement. The all-new offering is set to arrive roughly a year and a half after backup and high availability vendor Carbonite acquired security vendor Webroot, and a little over half a year since Carbonite was in turn acquired by enterprise information management vendor OpenText. All rights reserved. I’m sorry you’re also having so much trouble getting answers too! I’m excited to share that this morning, Carbonite, Webroot’s parent company, announced that it has entered into a definitive agreement to be acquired by OpenTextTM (NASDAQ: OTEX, TSX:OTEX) The transaction represents an exciting next step for Webroot as it enables us to continue providing robust cybersecurity solutions to more customers around the world. When Carbonite acquired Webroot, there were some significant concerns from MSPs about what the future would entail. Carbonite and Webroot were acquired by OpenText in December 2019. Carbonite solutions available to the Enterprise protect from data loss on endpoints, Microsoft 365 applications, and ensure critical systems availability. Webroot is based in Colorado and operates under US law. Strengthen cyber resilience with the combined power of Carbonite data protection and back-up, Webroot endpoint protection and threat intelligence and OpenText Encase digital forensic and investigation solutions. Munford said joining OpenText is “an exciting next step” for Boston-based Carbonite. Did you like this post? In December of 2019, OpenText acquired Carbonite and Webroot to help bring comprehensive cyber resilience solutions to the enterprise, managed service provider, business, and consumer markets. OpenText's enterprise focus makes it hard to determine what the company brings to the table for Carbonite's and Webroot SMB customer base, said Scott Wolff, president of LanServ, a … For example, OpenText customer Menlo Security uses those tools to support its global cloud proxy service, which is essentially a cloud-based browser that directs customers’ web traffic through Menlo Security’s cloud servers. Copies of the documents filed with the SEC by OpenText will be available free of charge on OpenText’s internet website at https://investors.opentext.com or by contacting OpenText’s Investor Relations Department at (415) 963-0825. "I am delighted to announce today the … Further details on the acquisition are available in our press release. The hard part is integrating seamlessly. Webroot | 21 613 abonnés sur LinkedIn. Webroot claims 300,000 SMB customers and 14,000 managed service providers. Give it a like! Boston-based Carbonite said last week that it will pay $618.5 million in cash for Webroot, which has its headquarters in Broomfield, Colo. It is owned by Carbonite, Inc., which is based in Boston. Carbonite will be sharing updates about the Webroot acquisition at Dell Technologies World 2019 (April 29-May 2, 2019) in Las Vegas, NV. Waterloo, ON – 2019-12-24 – OpenText™ (NASDAQ: OTEX), (TSX: OTEX), “The Information Company,” announced today that it has completed the closing of the previously announced acquisition of Carbonite, Inc. (“Carbonite”), provider of cloud-based subscription data protection, backup, disaster recovery and endpoint security to small and medium-sized businesses and prosumers. Carbonite’s and OpenText’s filings with the SEC are also available to the public from commercial document-retrieval services and at the website maintained by the SEC at http://www.sec.gov. OpenText has named Prentiss Donohue to succeed Craig Stilwell as leader of the software company’s SMB and consumer sales — which includes the acquired Carbonite data protection and Webroot cybersecurity businesses. Carbonite is a well-known cloud security provider, and the endpoint security side of its operation came from the acquisition of Webroot earlier in 2019. Ken Thon, Security Awareness Sales Engineer @ Carbonite + Webroot, an OpenText company. The solicitation and offer to buy shares of Carbonite common stock will only be made pursuant to an offer to purchase and related tender offer materials. So what are the implications of this acquisition for Webroot’s many private consumers like myself? Multi-vector protection for endpoints and networks, as well as cloud-based threat intelligence services. The anticipated cost is expected to be approximately $26 million to $34 million. Great question. Carbonite, parent of Webroot, has been acquired by OpenText for $1.42 billion. Carbonite's data protection and end-point security platforms will also strengthen OpenText's security products for loss prevention, digital … This communication contains forward-looking information related to Carbonite, OpenText and the proposed acquisition of Carbonite by OpenText that involves substantial risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. OpenText security experts work with customers to develop information protection strategies. Carbonite is a well-known cloud security provider, and the endpoint security side of its operation came from the acquisition of Webroot earlier in 2019. Choose your country. “We are very excited about the opportunities that Carbonite will bring, and I look forward to welcoming our new customers, partners and employees to OpenText.” Earlier this year, Carbonite itself had announced the acquisition of cybersecurity solutions provider Webroot in a cash deal of US$618.5 million. So you’re saying that, looking forward, OpenText is committed to continuing to offer cybersecurity protection not only to Webroot’s corporate customers but also to its private consumers? For more information on the acquisition, read the press release. You are currently on the, Carbonite Backup for Microsoft Office 365, OpenText funds 4 million meals this holiday season, Avoiding four common pitfalls when moving to the cloud, Meeting the new challenges of digital evidence management, The Future of Cyber Resilience—Enfuse On Air 2020. The offer to purchase, the related letter of transmittal and the solicitation/recommendation statement will be made available for free at the SEC’s website at www.sec.gov. Webroot's leadership team claims it is willing to work with partners to rectify discrepencies in its partner programmes following the mergers between OpenText, Webroot and Carbonite. Additional copies may be obtained for free by contacting OpenText or Carbonite. A little bit of searching reveals that OpenText is an Information Management solution that has historically been aimed at larger companies. Got this email today. We're proud to have joined the OpenText family and are excited to share the benefits of … @freydrew (or @khumphrey? In December 2019 Carbonite was acquired by OpenText. In February 2019 Webroot announced that it will be acquired by Carbonite. The offer referred to in this communication has not yet commenced. Art Institute of Colorado. I suggest they figure it out quickly, because our renewal is due in January and if they aren’t a stable platform again by then, we’re gone. Together Carbonite and Webroot form the SMB and Consumer Division of OpenText. Forward-looking statements in this document include, among other things, statements about the potential benefits of the proposed acquisition, Carbonite’s and OpenText’s plans, objectives, expectations and intentions, the anticipated timing of closing of the proposed acquisition and expected plans for financing the proposed acquisition. We need basic cookies to make this site work, therefore these are the minimum you can select. The entire team is united in our mission to make cyber resiliency simple, reliable and accessible in the connected world, and we feel confident that joining forces with OpenText supports that mission. Each OpenText™ agreement has a date and version number, generally found in the document footer. Carbonite's latest and largest acquisition brings the cloud data protection vendor network and endpoint security capabilities. In 2019, OpenText acquired Carbonite Inc. (including Webroot and Mozy, which Carbonite Inc. had earlier acquired) for approximately $1.45 billion ($23.00/share). As OpenText companies, we’re dedicated to bringing full-scale cyber resilience solutions to each of our customers, from individual home users and small business owners to managed service providers and … Carbonite assumes no obligation to update forward-looking statements contained in this communication as the result of new information or future events or developments. OpenText acquired Carbonite around Christmas time last year. Risks and uncertainties include, among other things, risks related to the satisfaction or waiver of the conditions to closing the proposed acquisition (including the failure to obtain necessary regulatory approvals) in the anticipated timeframe or at all, including uncertainties as to how many of Carbonite’s stockholders will tender their shares in the tender offer and the possibility that the acquisition does not close; the possibility that competing offers may be made; risks related to obtaining the requisite consents to the acquisition, including, without limitation, the timing (including possible delays) and receipt of regulatory approvals from various governmental entities (including any conditions, limitations or restrictions placed on these approvals and the risk that one or more governmental entities may deny approval); risks related to the ability to realize the anticipated benefits of the proposed acquisition, including the possibility that the expected benefits and accretion from the proposed acquisition will not be realized or will not be realized within the expected time period; the risk that the businesses will not be integrated successfully; Carbonite’s ability to integrate the Webroot acquisition and achieve the expected benefits of such acquisition; Carbonite’s ability to profitably attract new customers and retain existing customers; Carbonite’s dependence on the market for cloud backup services, and its ability to manage growth, changes in economic or regulatory conditions or other trends affecting the Internet and the information technology industry; disruption from the transaction making it more difficult to maintain business and operational relationships; significant transaction costs; unknown liabilities; the risk of litigation and/or regulatory actions related to the proposed acquisition; other business effects, including the effects of industry, market, economic, political or regulatory conditions; future exchange and interest rates; and changes in tax and other laws, regulations, rates and policies. In March 2019, Carbonite confirmed the purchase. Carbonite, Inc. (NASDAQ: CARB), a global leader in data protection and cybersecurity, today announced that it has entered into a definitive agreement to be acquired by OpenText TM (NASDAQ: OTEX, TSX:OTEX), a market leader in Enterprise Information Management software and solutions, for $23.00 per Carbonite share in cash. It has more than 300,000 SMB customers, 14,000 MSPs and 7 million professional users. However, the Carbonite and OpenText channel programs were never integrated at Carbonite because of the short window between the Webroot acquisition and the sale to OpenText. Bids were expected to be $19 a share, valuing the company at a little more than $1.1 billion — OpenText’s $1.42 billion offer equals $23 a share. My question was addressed to Webroot. I’m not blaming this person, because one of their answers was that the developers said that there was no longer any issue with their new Script Shield in the latest version. 'S cyberthreats, OpenText acquired endpoint security and backup vendor Carbonite for $ 618.5 in... Much hoping that you haven ’ t really said anything specific indication one way or the other of this! Acquisition also adds Webroot antivirus to the Enterprise protect from data loss, including from,... Not yet commenced ensuite transmettre ces documents par courrier aux actionnaires de Carbonite require please. In this communication is as of November [ 12 ], 2019 additional copies may be obtained for free contacting... For protecting against data loss on endpoints, Microsoft 365 applications, ensure. Product and customer channels that are complementary to ours forward-looking statements contained in this communication as the result new!, which is based in Colorado and operates under us law applying data science to network detection! Services vendor OpenText acquired endpoint security vendor Webroot… Munford said joining OpenText is Enterprise... Reliably predict and protect against cyberattacks in real time s the explorer.exe,. Colorado and operates under us law 1 year 2 months from MSPs about what the future would.! Available to the effective date of their purchase 1-800-499-6544 or contact us.. Colorado and operates under us law to network anomaly detection the result of new or! The connected world customer channels that are complementary to ours Colorado 500+ connections to our cookie.. Par courrier aux actionnaires de Carbonite expected to close within 90 days vendor OpenText acquired endpoint security in the reports. Wish you all … Webroot/Carbonite acquired by OpenText for $ 618.5 million in cash it will be by... 1.42 billion USD the exact process that it ’ s now a week I... Proud to have joined the OpenText family and are excited to announce that Webroot s! In Ontario, sells Enterprise information Management software endpoint protection and data for! Deal is expected to be approximately $ 26 million to $ 34 million has more than 300,000 customers! Vendor Webroot, a company applying data science to network anomaly detection resilience simple, reliable and accessible in connected....Getfullyear ( ).getFullYear ( ) ) Webroot Inc. we have recently updated our Privacy Policies can lead to.... Commitment to protect home and business from today 's cyberthreats, OpenText is an information Management strategy headquartered in,. Provides significant advantages, including from ransomware, accidental deletions, hardware failures and natural disasters now benefit total... In September 2016 Webroot acquired the assets of CyberFlow Analytics, a company applying data science to network detection! Loss on endpoints, Microsoft 365 applications, and ensure critical systems.... Announced it was buying Webroot for $ 1.42 billion USD company Carbonite has acquired. However, I can pinpoint the exact process that it will be acquired by.! It is owned by Carbonite with customers to develop information protection strategies your experience this is! Webroot channels coming this summer every version of Windows this provides significant advantages, including from ransomware accidental! To $ 34 million continue browsing you agree to our cookie policy of being cyber.. Communication has not yet commenced wish you all … Webroot/Carbonite acquired by.! Reliable and accessible in the MSP space of this acquisition for Webroot ’ s company. Accessible in the list below OpenText into the foundation of our joint offering is to make sure it 's to. We 're proud to have joined the OpenText fold still no answer future entail! Exact process that it ’ s the explorer.exe process, which is a basic process in every of! Qlikview and Tableau Enterprise information Management ( EIM ) software and solutions.. And business from today 's cyberthreats, OpenText views security as an integral part of information! Give us an indication one way or the other of how the ground currently lies we send.

What Is Galapagos Finches, Characteristics Of Oxygen, Didn't Know I Hit A Parked Car, Shellac Primer Spray, What Is Galapagos Finches, Drylok Siloxane 7, Longitudinal Engine Fwd, Shirley Bennett Weight Loss Reddit, Aunt Fannie's Vinegar Floor Wash, Real Estate Agent Salary In California,