LEADERSHIP
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“ The rise of software as a service has given far more power to any individual to accumulate , analyze , aggregate , store and distribute data than ever before ”
— Norman Guadagno , CMO , Carbonite Inc how many different cloud services they ’ re using , they also can ’ t successfully tell you how much data is stored locally , how much data is stored in the cloud , how much data is in both places : where does all the data live ? We feel like there is an opportunity for us to step into that breach ,” Guadagno explains .
In March , 2019 , Carbonite – which reported a net revenue of US $ 296.4mn in 2018 and employs over 1,000 people - completed the purchase of cloud-based cybersecurity firm Webroot for a total cash consideration of $ 618.5mn , the company ’ s largest acquisition to date . Business Chief spoke with Guadagno following the acquisition , who shared his insight into the cybersecurity landscape , Carbonite ’ s acquisition of Webroot and the careful , measured approach the company is taking to both provide a complete , end-to-end cybersecurity solution to its customers , and also adopt a ‘ do-noharm ’ approach to integration of two of the US ’ leading technology providers .
Founded in 2005 and 1997 , respectively , Carbonite and Webroot
JUNE 2019