OpenText Snaps up Cloud Security Firm Carbonite in $1.42 Billion Deal

By James McLeod

Financial Post
November 11, 2019

A US$1.42 billion cybersecurity acquisition by OpenText Inc. Monday marks a down-market strategic shift for the Waterloo, Ont.-based enterprise information management company.

Carbonite Inc. is a Boston company with US$405 million in revenue, selling endpoint security software and cloud data protection services.

Info-Tech Research Group’s research analyst Michelle Tran shares her perspective on the acquisition.

OpenText snaps up cloud security firm Carbonite in $1.42 billion deal

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