Carbonite acquires endpoint security vendor

|About: Carbonite Inc. (CARB)|By:, SA News Editor

Carbonite (NASDAQ:CARB) announces it will acquire endpoint security vendor Webroot for $617.5M in cash.

The company will combine Webroot's tools with its cloud backup service.

For fiscal 2018, Carbonite reported $296.4M in revenue and Webroot reported $250M.

Carbonite shares are down 18.3% to $23.94 after yesterday's Q4 report beat on EPS but missed on revenue.

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