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Carbonite inc stock9/3/2023 ![]() Net loss per share was ($0.40) (basic and diluted), as compared to net income per share of $0.02 (basic and diluted) in 2018. Net loss was ($14.0) million, compared to net income of $0.6 million in 2018. Non-GAAP revenue of $135.0 million increased 71% year-over-year. Revenue of $125.6 million increased 62% year-over-year. Morgan Securities LLC acted as financial advisor to Carbonite, and Skadden, Arps, Slate, Meagher & Flom LLP acted as legal advisor.Ĭarbonite also announced financial results for the third quarter ended September 30, 2019: ![]() The transaction is subject to customary closing conditions, including the tender of a majority of the outstanding shares of Carbonite common stock and regulatory approvals. OpenText operates in 40 countries, providing a tested platform for growth and new sales opportunities. OpenText is a leader in Enterprise Information Management (EIM), both on-premises and for cloud services, offering the only complete solution for EIM with a comprehensive view of all the information within an organization. Joining with OpenText is an exciting next step for Carbonite.” ![]() We have grown through both organic and inorganic opportunities over the years, enhancing our routes to market, diversifying our customer base, and assembling a talented workforce, while adding meaningful scale. Munford continued, “Carbonite has expanded its solutions to become a leader in cyber resiliency. “The Board strongly believes that a transaction with OpenText delivers compelling, immediate and substantial cash value to shareholders. “Following expressions of interest from multiple parties, the Carbonite Board conducted a thorough and comprehensive process, which included contact with a number of strategic and financial parties, to identify the best way to maximize shareholder value,” said Steve Munford, Interim Chief Executive Officer and President/Executive Chairman of the Board of Carbonite. The transaction values Carbonite at an enterprise value of approximately $1.42 billion and represents a 78% premium to Carbonite’s unaffected closing stock price on September 5, 2019, the last trading day before a media report was published speculating about a potential sale process. (NASDAQ: CARB), a global leader in data protection and cybersecurity, today announced that it has entered into a definitive agreement to be acquired by OpenText TM (NASDAQ: OTEX, TSX:OTEX), a market leader in Enterprise Information Management software and solutions, for $23.00 per Carbonite share in cash. OpenText, which has a market capitalization of $15 billion, provides enterprise information management software, helping companies digitize processes and supply chains for more efficient operations among other services.BOSTON-( BUSINESS WIRE)-Carbonite, Inc. The company says it expects to close the deal within 90 days. Under the deal, OpenText will pay $23 per share in cash for about $800 million in total, while debt obligations bring the total deal value to about $1.42 billion. market, OpenText can leverage its network of clients globally in places like the U.K., France, Germany, Japan, Singapore and Australia to expand demand. He said that with Carbonite focused largely on the U.S. "We put security front and centre only about two years ago when we acquired Guidance, so it's a low penetration rate for us, it's still early days." Expanding demand The acquisition will strengthen Open Text's security offerings for its cloud platforms, said Barrenechea.Ĭloud computing has become a key focus for many of the world's largest technology companies including Amazon, Google, IBM, Microsoft and Alibaba.
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