February 8, 2019

Carbonite to augment their endpoint data protection with Webroot acquisition

The USD 618 million all-cash deal aims to secure data at the endpoints with a unique cloud-based backup and protection approach.

Cloud-based detection firm Carbonite are all set to acquire cybersecurity services provider Webroot in a USD 618 million all-cash deal. According to the terms of the deal, Carbonite will address a business’ vulnerability issues in the cloud by providing endpoint security services.

As per their understanding of the market, Carbonite believe that as data in the cloud scales quickly, there has to be an equally fast solution that can protect this information at its endpoints. They say that with the increasing number of cyber assaults on cloud firms, the need to immediately arrest these attacks has increased prominently.

With Webroot’s team, Carbonite say that they will be able to leverage the former’s security awareness and threat intelligence capabilities. They believe that with this acquisition, they wil reach out to a wide network of managed service providers and remote monitoring suppliers.

Speaking about some of the key strategic benefits of the deal, Carbonite claim that the acquisition will allow-

  1. Continuous market expansion with new cloud-security offerings
  2. Enterprises to protect an enormous amount of data without any hassle
  3. Carbonite to leverage channel partners that are focused on the growing needs of cloud

In closing, Carbonite said that the deal is set to close in the first quarter of 2019. It will be interesting to see how Carbonite makes the most of this deal, following the partnership between CrowdStrike and First Distribution for endpoint detection.