OpenText is acquiring Carbonite for $1.42 billion

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Canadian enterprise information management (EIM) company OpenText is acquiring cyber-security and data protection company Carbonite for $1.42 billion. The transaction is subject to customary closing conditions.

J.P. Morgan Securities acted as financial advisor to Carbonite, and Skadden, Arps, Slate, Meagher & Flom acted as legal advisor.

[Image courtesy: Carbonite]