Creating a Leader in Endpoint Data Protection and Security

BOSTON & BROOMFIELD, Colo.–(BUSINESS WIRE)–Carbonite, Inc. (Nasdaq: CARB) (“Carbonite” or the “Company”), a main cloud-primarily based data safety provider, and Webroot Inc. (“Webroot”), a leading cybersecurity corporation, these days announced that they’ve entered right into a definitive settlement below which Carbonite will gather Webroot for approximately $618.5 million in coins. Carbonite will fund the transaction with present coins available and funds secured underneath a brand new credit facility. The mixed enterprise will cope with a top vulnerability of businesses – the endpoint – with a comprehensive technique to protection via cloud-primarily based cybersecurity, paired with cloud-based backup and restoration. The transaction is predicted to be at once accretive on earnings and cash go with the flow foundation, following the close of the transaction.

Founded in 1997, Webroot is a personal business enterprise that secures endpoints and affords network protection, security focus education, and hazard intelligence offerings. With its nice-in-elegance generation, skilled group, and full-size go-to-marketplace abilities, including an effective community of Managed Service Providers (“MSP”) and Remote Monitoring and Management (“RMM”) relationships, Webroot has established itself as a pacesetter inside the cybersecurity area. Webroot’s financial 12 months 2018 revenue turned into about $215.Zero million.

“The acquisition of Webroot dramatically speeds up our development toward becoming the leading information safety business enterprise,” said Mohamad Ali, President and Chief Executive Officer of Carbonite. “With threats like ransomware evolving each day, our clients and companions are an increasing number of searching for an extra complete solution this is both powerful and easy to use. Backup and restoration, mixed with endpoint protection and threat intelligence, is a differentiated answer that gives one, comprehensive statistics protection platform.”

Ali persisted, “The Webroot group has an ardor for building technology to simplify the manner clients shield their vital facts, and we’re excited to welcome them.”

“Carbonite and Webroot have a commonplace recognition on making statistics safety and cybersecurity answers on hand and smooth to use, as well as a determination to customer achievement, and we’re thrilled to become a part of their team,” said Mike Potts, Webroot CEO. “Together we can deliver notable fee to our clients and companions.”

Compelling Strategic and Financial Benefits

Next-Generation Technology Platform: Combining Carbonite’s cloud-based information protection solutions and Webroot’s cloud-primarily based machine learning era will create a next-technology security platform to serve developing consumer needs.
A Comprehensive Solution, Delivering Better Results: A common set of clients will benefit from an smooth-to-use, cloud-primarily based, included supplying, which includes completely unique ransomware prevention and recovery answer.
Consistent Routes to Market and Expansion of Addressable Market: Webroot and Carbonite percentage a go-to-marketplace awareness and a complimentary atmosphere of channel companions. Webroot’s main MSP companions and RMM relationships provide Carbonite with a brand new channel for multiplied scale and market growth.
Immediately Accretive: Based on Webroot’s modern working plan and current patron contracts, the transaction is expected to be immediately accretive on profits and cash go with the flow foundation following the close of the transaction.
Advisors

RBC Capital Markets, LLC is serving as an economic consultant to Carbonite, and Barclays is serving as a financial consultant to Carbonite. Skadden, Arps, Slate, Meagher & Flom LLP is serving as Carbonite’s prison suggest. Barclays, Citizens Banks, and RBC Capital Markets, LLC have furnished dedicated financing in aid of the transaction and Simpson Thatcher & Bartlett LLP is serving as financing suggest. William Blair & Company, L.L.C. Is serving as a specific monetary guide to Webroot and Goodwin Procter LLP and Holland & Hart LLP are serving as felony counsel.

About Webroot

Webroot harnesses the cloud and synthetic intelligence to guard corporations and individuals in opposition to cyber threats. Webroot is a leading cybersecurity company for managed service vendors and small businesses, who rely upon Webroot for endpoint safety, network safety, and security attention schooling. Webroot BrightCloud® Threat Intelligence Services are utilized by market-leading corporations like Cisco, F5 Networks, Citrix, Aruba, A10 Networks, and more. Leveraging the energy of gadget getting to know to guard thousands and thousands of corporations and people, Webroot secures the linked globally. Headquartered in Colorado, Webroot operates globally throughout North America, Europe, and Asia. Discover Smarter Cybersecurity® solutions at www.Webroot.Com.

Cautionary Language Concerning Forward-Looking Statements

Certain subjects discussed on this press launch, together with below “Business Outlook,” have “ahead-looking statements” supposed to qualify for the safe harbor from liability mounted through the Private Securities Litigation Reform Act of 1995. These ahead-looking statements might also normally be diagnosed as such due to the fact the context of such statements will consist of phrases inclusive of “count on,” “trust,” “should,” “estimate,” “anticipate,” “intend,” “may additionally,” “plan,” “ability,” “predict,” “venture,” “should,” “will,” “could” or phrases of comparable import. Similarly, statements that describe the Company’s future plans, targets or goals also are ahead-searching statements. Such forward-looking statements are a problem to dangers, uncertainties and different important elements that could purpose real results and the timing of sure events to differ materially from future effects expressed or implied through such forward-looking statements. Factors that might purpose or make contributions to such variations consist of, however, aren’t limited to, our capacity to consummate the Webroot acquisition, combine the Webroot acquisition and other acquisitions into our operations and obtain the expected operational and financial blessings of such acquisitions and the timing of such blessings, our ability to profitably entice new clients and preserve existing clients, our dependence available on the market for cloud backup services, our ability to control increase, changes in economic or regulatory conditions or different traits affecting the Internet and the records era industry, and people discussed inside the segment titled “Risk Factors” in our Annual Report on Form 10-K for the economic yr ended December 31, 2017, filed with the Securities and Exchange Commission (the “SEC”), that is to be had on www.Sec.Gov, and some other place in any next periodic or contemporary reports filed by using us with the SEC. Except as required by means of applicable regulation, we do now not undertake any obligation to replace our forward-looking statements to reflect future events, new facts or circumstances.

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