OpenText Acquires Carbonite, Inc.
December 24, 2019
OpenText completed the acquisition of Carbonite, Inc., a provider of cloud-based data protection, backup, disaster recovery and endpoint security, for approximately $1.45 billion in cash. Carbonite becomes a wholly-owned subsidiary of OpenText as part of a strategic move to expand OpenText's cloud and endpoint data protection capabilities and extend EIM to SMBs and prosumers.
- Buyers
- OpenText
- Targets
- Carbonite, Inc.
- Industry
- Cloud & SaaS
- Location
- Massachusetts, United States
- Transaction Type
- Buyout
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