"From a technology point of view, I believe they're comparable to some of the best and most modern endpoint security companies out there," Ali said. The company was using predictive tools to identify unknown threats before any of the other top 10 endpoint security companies, Ali said, but largely flew under the radar due to the laser-like focus on SMBs. Webroot has been using cloud-based threat intelligence and artificial intelligence to identify unknown threats dating all the way back to 2011, Ali said, or one year before CrowdStrike was founded. Webroot Was The First Endpoint Security Player To Market With AI, Threat Intelligence
This creates an opportunity for increased scale and market penetration, according to Ali.
CARBONITE COST UPGRADE
Specifically, Ali said the upgrade cycle from legacy anti-virus software creates the potential for accelerated growth.Ĭarbonite and Webroot share a consistent go-to-market focus and strategy, Ali said, with both companies targeting the same segment of the market with very similar buyers for each of their offerings. And the combination of Carbonite and Webroot creates the first and only company with a comprehensive ransomware solution for SMBs that both secures and recovers, Ali said.Ĭarbonite intends to innovate around Webroot with the same disciplined focus and thought as the company has exhibited during previous transactions, Ali said. When customers experience data loss, Ali said they want to recover quickly regardless of cost. The Deal Creates The Industry's First Comprehensive Ransomware Solution For SMBs Now is the appropriate time for Carbonite to add endpoint security to its suite of offerings, and Ali said Webroot is the perfect partner to extend Carbonite's long-established vision. Endpoints must be protected from viruses, malware, and ransomware, Ali said, but if something does get through, organizations must be able to recover as quickly as possible and ideally in an automated fashion. It has become increasingly evident that endpoints are a top vulnerability since they contain critical business data and are constantly moving in and out of the network, Ali said. Ali said Carbonite has been most impressed by Webroot's people, product, go-to-market resources, and alignment of vision and values between the two companies. Carbonite Has Been Following Webroot From AfarĬarbonite was first introduced to Webroot several years ago, Ali said, and has been following their success from afar. "I am very excited about this transaction, and am thrilled to get to work executing on making this transaction an overwhelming success."įrom Webroot's position in the endpoint detection and response (EDR) market to joint cross-sell and integration opportunities, here's a look at the 10 most interesting components of the $618.5 million Carbonite-Webroot deal. "This acquisition makes a lot of strategic and financial sense," Ali said. The combined company can target an even larger addressable market, Ali said, with the combination of data protection and endpoint security producing a better and differentiated outcome for customers. Carbonite and Webroot will create a new approach to addressing one of today's most vulnerable security challenges – the endpoint – through a combination of protection and recovery, Mohamad Ali, Carbonite's president and CEO, said during a call with investors after the deal was announced Thursday.īoth companies target the same end customer with simple yet powerful offerings, Ali said, with Webroot bringing a growing MSP channel and Carbonite bringing its own VAR channel to the table.