M&A Deal Summary

Carbonite Acquires Webroot

On February 7, 2019, Carbonite acquired information technology company Webroot from TCV for 619M USD

Acquisition Highlights
  • This is Carbonite’s 1st transaction in the Information Technology sector.
  • This is Carbonite’s largest (disclosed) transaction.
  • This is Carbonite’s 6th transaction in the United States.
  • This is Carbonite’s 1st transaction in Colorado.

M&A Deal Summary
Date 2019-02-07
Target Webroot
Sector Information Technology
Buyer(s) Carbonite
Sellers(s) TCV
Deal Type Add-on Acquisition
Deal Value 619M USD
Advisor(s) William Blair (Financial)
Goodwin Procter
Holland & Hart LLP (Legal)

Target

Webroot

Broomfield, Colorado, United States
website
Entrance to Webroot's corporate headquarters in Broomfield, Colorado.
Entrance to Webroot's corporate headquarters in Broomfield, Colorado.
Webroot, Inc. is a cybersecurity company. Webroot delivers next-generation endpoint security and threat intelligence services to protect businesses and individuals around the globe. Webroot's security approach harnesses the power of cloud-based collective threat intelligence derived from millions of real-world devices to stop threats in real time. Webroot was founded in 1997 and is headquartered in Broomfield, Colorado.

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Buyer(S) 1

Buyer

Carbonite

Boston, Massachusetts, United States

website

Category Company
Founded 2005
Sector Internet Software and Services
Employees959
Revenue 296M USD (2018)
DESCRIPTION

Carbonite, Inc. is a provider of cloud and hybrid backup and recovery solutions for businesses. Carbonite offers a comprehensive suite of affordable services for data protection, recovery and anywhere, anytime access. Carbonite was formed in 2005 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 7 of 7
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 4 of 4
State (Colorado) 1 of 1
Country (United States) 6 of 6
Year (2019) 1 of 1
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-13 Mozy

Pleasant Grove, Utah, United States

Mozy, Inc. is an online backup provider. Mozy provides two software services, Mozy and Mozy Pro, which let users back up their Windows of Macintosh PCs. Mozy, Inc. was established in 2005 and is based in Pleasant Grove, Utah.

Buy $146M

Seller(S) 1

SELLER

TCV

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1995
PE ASSETS 12.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Technology Crossover Ventures (TCV) is a private equity and venture capital firm focused on investments in growth technology companies. TCV looks to provide capital for growth, recapitalizations, acquisitions, and buyouts of technology companies in sectors such as internet, financial technology, infrastructure & communications, and software. TCV targets opportunities in North America and looks to commit between $30 and $300 million of equity capital per transaction. TCV was formed in 1995 and is based in Palo Alto, New York City, and London.

DEAL STATS #
Overall 73 of 83
Sector (Information Technology) 8 of 10
Type (Add-on Acquisition) 39 of 43
State (Colorado) 1 of 1
Country (United States) 66 of 73
Year (2019) 1 of 1
Size (of disclosed) 8 of 24
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-11 IQMS.com

Paso Robles, California, United States

IQMS.com is a provider of manufacturing software and ERP software systems for repetitive, process and discrete manufacturing industries. IQMS.com was founded in 1989 and is based in Paso Robles, California.

Sell $425M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-25 Rave Mobile Safety

Framingham, Massachusetts, United States

Rave Mobile Safety is a safety software partner, provides critical communication and data platform to education and healthcare institutions, enterprises and state and local public safety agencies. Rave Mobile Safety was founded in 2004 and is headquartered in Framingham, Massachusetts.

Buy -
Mergr

Product

Company

Legal