According to a recent press release, “OpenText™, ‘The Information Company,’ announced today that it has completed the closing of the previously announced acquisition of Carbonite, Inc. (‘Carbonite’), provider of cloud-based subscription data protection, backup, disaster recovery and endpoint security to small and medium-sized businesses and prosumers. ‘I am delighted to announce today the completion of the Carbonite acquisition and warmly welcome Carbonite customers, partners, and employees to OpenText. Combined, we will be able to provide our customers the first end-point platform that offers data protection, endpoint security, intrusion detection and digital forensics – ensuring cyber resiliency and trusted innovation,’ said Mark J. Barrenechea, OpenText CEO & CTO. ‘Carbonite brings a world-class channel organization and partners, allowing OpenText to bring EIM to all size customers including SMB to prosumers’.”

Barrenechea added, “We have confidence in our ability to integrate, innovate and grow the business.  As previously highlighted, we are targeting for Carbonite to be on our operating model by the end of Fiscal 2021, or sooner. We expect strong cloud growth and cash flow expansion from the acquisition.”

Read more at PR Newswire.

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