CARB - Carbonite To Acquire Webroot For Endpoint Security Tech
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.
Target Company
Broomfield, Colorado-based Webroot was founded in 1997 to provide endpoint and networks security as well as security awareness education and threat intelligence services.
Management is headed by President & CEO Mike Potts, who has been with the firm since 2017 and was previously managing partner at Tenacity Partners and President and