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Enterprise Cloud

Cloud Backup Provider Carbonite to Be Acquired for $1.4 Billion

Carbonite, a provider of cloud-based data backup and cybersecurity software, has agreed to be acquired by OpenText, a company that sells software that large companies use to manage their data. The deal is worth $1.42 billion, which is a 78% premium on Carbonite’s stock price before a report in early September that the company was entertaining offers. The acquisition caps an extended period of...

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