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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