M&A Deal Summary

OpenText Acquires Carbonite

On November 11, 2019, OpenText acquired internet software and services company Carbonite for 1.4B USD

Acquisition Highlights
  • This is OpenText’s 5th transaction in the Internet Software and Services sector.
  • This is OpenText’s 4th largest (disclosed) transaction.
  • This is OpenText’s 29th transaction in the United States.
  • This is OpenText’s 3rd transaction in Massachusetts.

M&A Deal Summary
Date 2019-11-11
Target Carbonite
Sector Internet Software and Services
Buyer(s) OpenText
Deal Type Add-on Acquisition
Deal Value 1.4B USD
Advisor(s) J.P. Morgan Securities (Financial)
Skadden, Arps, Slate, Meagher & Flom (Legal)

Target

Carbonite

Boston, Massachusetts, United States
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.

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Buyer(S) 1

Buyer

OpenText

Waterloo, Ontario, Canada
Category Company
Founded 1991
Sector Software
Employees23,700
Revenue 4.5B USD (2023)
DESCRIPTION

OpenText is an independent software provider of enterprise information management (EIM). Open Text was founded in 1991 and is based in Waterloo, Ontario.

DEAL STATS #
Overall 39 of 45
Sector (Internet Software and Services) 5 of 7
Type (Add-on Acquisition) 31 of 36
State (Massachusetts) 3 of 3
Country (United States) 29 of 32
Year (2019) 2 of 2
Size (of disclosed) 4 of 27
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-31 Catalyst Repository Systems

Denver, Colorado, United States

Catalyst Repository Systems, Inc. is a developer of hosts applications to help legal, business and insurance teams manage large document populations and collaborate on complex matters securely over the Web. Catalyst Repository Systems was founded in 1998 and is based in Denver, Colorado.

Buy $75M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-09 XMedius Solutions

Montreal, Quebec, Canada

XMedius Solutions, Inc. is a provider of secure information exchange and unified communication solutions. XMedius brings decades of experience and patented technologies to transform secure and collaborative communication, enabling organizations to move more workloads to the cloud and unlock the information advantage.

Buy $75M
Mergr

Product

Company

Legal