Carbonite - M&A Summary, Ownership, and Business Overview

Internet Software And ServicesCompany

Carbonite M&A Summary

Carbonite has acquired 7 companies of its own, including 1 in the last 5 years. A total of 1 acquisition came from private equity firms.

Carbonite’s largest acquisition to date was in 2019, when it acquired Webroot for $619M. Carbonite has acquired in 5 different US states, and 2 countries. The Company’s most targeted sectors include internet software and services (58%) and software (29%).

Carbonite Ownership

Who owns Carbonite?

Carbonite is owned by OpenText. It was acquired on November 11, 2019.

Was Carbonite formerly PE-backed?

Yes. Carbonite was formerly owned by 1 private investor.

Carbonite Business Overview

Where is Carbonite headquartered?

Carbonite is headquartered in Boston, Massachusetts.

What is Carbonite’s revenue?

Carbonite disclosed revenue of 296M USD for 2018 and 239M USD for 2017.

How many employees does Carbonite have?

Carbonite has 959 employees.

What sector is Carbonite in?

Carbonite is an internet software and services company.

When was Carbonite founded?

Carbonite was founded in 2005.

M&A Summary

  • M&A Total Activity7
    • M&A Buy Activity7
  • Total Sectors Invested 3
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 4
  • M&A Advisors 5

Carbonite, Inc.

2 Avenue de Lafayette,
Boston, Massachusetts 02111
United States,
(617) 587-1100
www.carbonite.com

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.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 7 - - - - - 7
vol $846M $846M
Sell (0.0/yr) # - - - - - - 0
  7

Most Recent M&A

Company Date Value Type
Webroot, Inc. 2019-02-07 619M USD Add-on Acquisition
Broomfield, Colorado · www.webroot.com
Mozy, Inc. 2018-02-13 146M USD Divestiture
Pleasant Grove, Utah · www.mozy.com
Double-Take Software, Inc. 2017-01-31 65M USD Divestiture
Southborough, Massachusetts
eVault, Inc. 2015-12-16 14M USD Divestiture
San Francisco, California · www.evault.com
MailStore Software GmbH 2014-12-15 - Add-on Acquisition
Viersen, Germany · www.mailstore.com
Zmanda, Inc. 2012-11-01 - Add-on Acquisition
Sunnyvale, California · www.zmanda.com
Phanfare, Inc. 2011-06-06 2M USD Add-on Acquisition
Princeton, New Jersey · www.phanfare.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Internet Software and Services 4 (57%) 162M (19%) - -
Software 2 (29%) 65M (8%) - -
Information Technology 1 (14%) 619M (73%) - -
Total 7 $846M - -

By Geo

State/Country Buy Value Sell Value
United States 6 846M - -
  California 2 14M - -
  Utah 1 146M - -
  New Jersey 1 2M - -
  Massachusetts 1 65M - -
  Colorado 1 619M - -
Germany 1 - - -
Domestic 6 (86%) 846M (100%) - -
Cross-border 1 (14%) - - -
Total 7 $846M - -

Top M&A Advisors

Financial Deals
William Blair
1
Barclays Investment Bank
1
Legal Deals
Foley & Lardner LLP
1
Eversheds LLP
1
Skadden, Arps, Slate, Meagher & Flom
1

Deal Values

buy # Total
$100M to $1B 2 $764M
< $100M 3 $81M
TOTAL $846M
Largest Webroot, Inc.
$619M (2019-02-07)

M&A Connections

Deals
Acquired from
Investor(s)
14%
1 (14%)
Strategic(s)
43%
3 (43%)

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