Summary
- Carbonite will acquire Webroot for $618.5 million in an all-cash deal.
- Webroot provides firms with a suite of endpoint cybersecurity software tools.
- CARB is acquiring Webroot to expand beyond its core backup business.
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Quick Take
Carbonite (CARB) announced it has agreed to acquire Webroot for about $618.5 million.
Webroot provides cybersecurity software and services.
With the acquisition, CARB is expanding its focus from increasingly commoditized storage and backup services into cybersecurity offerings.
