Data-backup service Carbonite acquires long-running cybersecurity firm Webroot
One of the earliest players in the cloud data-backup business, Carbonite, says it is acquiring Webroot, an internet security company whose reputation stretches back to the 1990s. Boston-based Carbonite is putting up about $618.5 million in cash to buy Webroot. The goal is to improve Carbonite’s endpoint security and threat intelligence as it continues to grow its cloud-based backup and recovery services, according to a news release by the two companies. It’s the latest in a string of acquisitions for Carbonite. “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,” said Mohamad Ali, Carbonite’s president and CEO. The transaction is expected to close by the end of the first quarter this year. John Post, Webroot’s current chief financial officer, “will be taking general management responsibilities for the Webroot business upon the close of the […]
The post Data-backup service Carbonite acquires long-running cybersecurity firm Webroot appeared first on CyberScoop.
Continue reading Data-backup service Carbonite acquires long-running cybersecurity firm Webroot