With the evolution of threats like ransomware, Ali said Carbonite's customers and partners are increasingly seeking a more comprehensive offering that's both powerful and easy to use. Webroot's areas of expertise include endpoint and network security, security awareness training, and threat intelligence services. Webroot was founded in 1997, delivered revenue of approximately $215 million in 2018, and employs more than 500 people, according to the company. The company also announced full-year 2018 earnings of $0.22 per share on sales of $296.4 million, up 24 percent on a year-over-year basis. "Backup and recovery, combined with endpoint security and threat intelligence, is a differentiated solution that provides one, comprehensive data protection platform," Mohamad Ali, Carbonite's president and CEO, said in a statement.Ĭarbonite's stock fell $1.65 (5.63 percent) to $27.65 in after-hours trading Thursday. At the same time, Carbonite said that Webroot's leading MSP partners and remote monitoring and management (RMM) relationships provide the company with a new channel for increased scale and market expansion. The Boston-based data protection provider said that it and Bloomfield, Colo.-based Webroot share a go-to-market focus and complementary ecosystem of channel partners. Carbonite plans to purchase Webroot for $618.5 million, creating a company that can deliver both backup and recovery as well as cloud-based cybersecurity on the endpoint.