logo
Plus   Neg
Share
Email

Carbonite To Acquire Webroot For Approx. $618.5 Mln - Quick Facts

Carbonite and Webroot announced they have entered into a definitive agreement under which Carbonite will acquire Webroot for approximately $618.5 million in cash. Webroot is a private company that secures endpoints and provides network protection, security awareness training and threat intelligence services.

"The acquisition of Webroot dramatically accelerates our progress towards becoming the leading data protection company," said Mohamad Ali, President and CEO of Carbonite.

Carbonite will fund the transaction with existing cash on hand and funds secured under a new credit facility. Carbonite expects the transaction to be immediately accretive on an earnings and cash flow basis, following the close of the transaction.

For comments and feedback contact: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
McDonald's Corp. has announced the return of its popular Shamrock Shake milkshake for a limited time at participating U.S. restaurants nationwide. The minty green milkshake is made with McDonald's vanilla soft serve blended with Shamrock Shake syrup and topped with whipped topping. It first debuted on the McDonald's menu in 1970 and has been a seasonal tradition for nearly 50 years. Asia-focused lender HSBC, through its blockchain-powered platform, has reduced the cost of settling foreign exchange trades by 25 percent, Reuters reported quoting a bank executive overseeing the project. Mark Williamson, chief operating officer of FX cash trading and risk management, told that the bank processes between 3,500 and 5,000 trades a day on its "FX Everywhere" system. PepsiCo, Inc. (PEP) reported fourth-quarter core EPS of $1.49 compared to $1.31, prior year. Excluding the impact of foreign exchange translation, core constant currency EPS increased 17 percent year-over-year. On average, 19 analysts polled by Thomson Reuters expected the company to report profit per...
Follow RTT