OpenText to Acquire Carbonite for $1.42 Billion

November 11, 2019

Cleary Gottlieb is representing OpenText Corp. (OpenText) in its acquisition of Carbonite Inc. (Carbonite) for a total enterprise value of approximately $1.42 billion in cash.

The transaction was announced on November 11, 2019.

OpenText, a Canadian corporation, is a global leader in enterprise information management. Carbonite is a leading provider of cloud-based subscription data protection, backup, disaster recovery, and endpoint security solutions.