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

Media Contact

General Inquiry

Contact Info-Tech Public Relations
pr@infotech.com

US: 1-888-670-8889

Canada: 1-844-618-3192

International: +1-703-340-1171

About Info-Tech Research Group

Info-Tech Research Group is one of the world's leading research and advisory firms, proudly serving over 30,000 IT and HR professionals. The company produces unbiased, highly relevant research and provides advisory services to help leaders make strategic, timely, and well-informed decisions. For nearly 30 years, Info-Tech has partnered closely with teams to provide them with everything they need, from actionable tools to analyst guidance, ensuring they deliver measurable results for their organizations.

To learn more about Info-Tech's divisions, visit McLean & Company for HR research and advisory services and SoftwareReviews for software-buying insights.

Media professionals can register for unrestricted access to research across IT, HR, and software and hundreds of industry analysts through the firm's Media Insiders program. To gain access, contact pr@infotech.com.

For information about Info-Tech Research Group or to access the latest research, visit infotech.com and connect via LinkedIn and X.

© Info-Tech Research Group | Terms of Use | Privacy Policy