Carbonite digs out new data business with Webroot acquisition
Marrying data backup and endpoint protection services is key to addressing the all-round secure data management needs of enterprises.
Cloud-based data protection provider Carbonite is acquiring endpoint security provider Webroot for $619m in cash to expand its on-demand sales opportunities.
Founded in 1997, Webroot is privately owned and the deal will see its products and services merged with Carbonite’s data backup and recovery offering. Carbonite says it will use Webroot’s “powerful network” of managed service providers to increase its sales. Webroot generated around $215m last year.
Webroot BrightCloud threat intelligence services are used by the likes of Cisco, F5 Networks, Citrix, Aruba and A10 Networks.
The companies say they already share a complementary ecosystem of channel partners. “Webroot’s leading MSP partners and RMM (remote monitoring and management) relationships provide Carbonite with a new channel for increased scale and market expansion,” said Carbonite.
Mohamad Ali, president and chief executive officer of Carbonite, said: “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.”
Mike Potts, Webroot CEO, said: “Carbonite and Webroot have a common focus on making data protection and cybersecurity solutions accessible and easy to use. Together we can deliver tremendous value to our customers and partners.”
The transaction is expected to close in the first quarter of 2019, subject to regulatory clearance.