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Carbonite’s $618.5M Webroot Deal Marries Endpoint Data Protection, Security

February 14, 2019 / Jessica Lyons Hardcastle

Backup and recovery provider Carbonite will buy Webroot for about $618.5 million in a move that marries cloud-based endpoint data protection and security. The companies expect the transaction to close in the first quarter.Webroot, founded in 1997, provides endpoint and network security, threat intelligence services, and security awareness training. The firm’s fiscal year 2018 revenue was about $215 million. It says companies including Cisco, F5 Networks, Citrix, Aruba, and A10 Networks use its threat intelligence.Carbonite’s Data Protection Platform includes backup, disaster recovery, high availability, and workload migration technology. It was founded in 2005 by David Friend, who took the company public in 2011, and raised $62.5 million in its initial public offering. Friend later left Carbonite and has since founded cloud storage startup Wasabi.