OpenText to buy Carbonite Inc.

OpenText – – has announced a US$1.42B deal to acquire Carbonite Inc., a cloud-based company with data protection, disaster recovery and end-point security solutions for a variety of customers.

OpenText, headquartered in Waterloo, Ontario, provides enterprise software information management software which helps companies digitize processes and supply chains in order to gain more efficient operations.

The acquisition of Carbonite Inc. will strengthen OpenText’s security offerings for its cloud platforms said company CEO Mark Barrenechea. Learn more about OpenText by visiting

“Cloud platforms and secured, smart end-points are essential information management technologies as businesses transform into Industry 4.0” Barrenechea said.