Webroot Acquired By Carbonite For $618.5M
Broomfield, Colorado-based cybersecurity software developer Webroot has been acquired by Boston-based data protection and backup software developer Carbonite, in a deal worth approximately $618.5M in cash, according to the two companies. According to Carbonite, Webroot had fiscal 2018 year revenues of approximately $215M. Carbonite said the deal, funded with existing cash on hand and a new credit facility, will be immediately accretive on its earnings andc ash flow basis. Privately held Webroot was founded in 1997 and was led by CEO Mike Potts.
posted on Friday, February 8, 2019
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