Tranche Update on Carbonite, Inc.'s Equity Buyback Plan announced on November 19, 2018.Ĭanada's Open Text to buy cloud security firm Carbonite for $800 millionĬarbonite, Inc. and others.Ĭarbonite, Inc.'s Equity Buyback announced on November 19, 2018, has expired. managed by PenderFund Capital Management Ltd. Open Text Corporation completed the acquisition of Carbonite, Inc. Announces Management ChangesĬarbonite, Inc.(NasdaqGM:CARB) dropped from S&P TMI IndexĬarbonite, Inc.(NasdaqGM:CARB) dropped from S&P Global BMI IndexĬarbonite, Inc.(NasdaqGM:CARB) dropped from NASDAQ Composite Index TransitionManager and Carbonite Migrate Integration Drives 92% Reduction of Costs Versus Using Free ToolsĬarbonite, Inc. (NasdaqGM:CARB) completed the acquisition of substantially all of the assets of EVault, Inc. Mark Gerstein, Stephen Amdur, Blair Connelly, Andrew Fox of Latham & Watkins acted as legal advisors for William Blair & Company.Ĭarbonite, Inc. Baker & Mackenzie LLP acted as the legal advisor for Seagate Technology, parent of Evault and EVault. Goldberg of Wilson Sonsini Goodrich & Rosati acted as legal advisors for EVault, Inc. Pravda of Foley & Lardner LLP and Eversheds LLP acted as the legal advisors, William Blair & Company, LLC, acted as the financial advisor for Carbonite. Deal is subject to execution of Transitional Services Agreement, Non-Competition and Non-Solicitation Agreements and customary closing conditions and is expected to complete in first quarter of 2016. Paul Mellinger was appointed as Senior Vice President of the Carbonite's EVault business, effective January 4, 2015. for $14 million in cash on December 15, 2015. (NasdaqGM:CARB) entered into an asset purchase agreement to acquire substantially all of the assets of EVault, Inc. Interest income increased for the.Carbonite, Inc. Read moreĢ9 29 Amortization of intangible. Read moreĬost of services revenue increased. Research and development expenses consist. Research and development expenses increased. Read moreĬost of services revenue consists. Personnel-related costs and consulting, taxes. General and administrative expenses consist. Read moreīased on the recent acquisition. Read moreįorward-Looking Statements This Quarterly Report. General and administrative 33 33 General and administrative expenses increased for the three month period ended June 30, 2019, as compared to the three month period ended June 30, 2018, primarily related to an increase in personnel-related costs and consulting, taxes and other due to the acquisition of Webroot.įinancing activities In the six. Loss from operations Operating loss for the three and six month periods ended Jincreased compared to the corresponding periods ended June 30, 2018, primarily as a result of increases in cost of revenue and operating expenses, offset by an increase in revenue. and worldwide our development and introduction of new solutions and the expansion of our sales, customer support, research and development, and marketing organizations. Our future capital requirements may vary materially from those now planned and will depend on many factors, including: potential future acquisition opportunities potential share repurchases under our share repurchase plan the levels of advertising and promotion required to acquire and retain customers expansion of our data center infrastructure necessary to support our growth growth of our operations in the U.S. In the six months ended June 30, 2018, cash provided by financing activities was $79.0 million, which was primarily driven by $88.1 million proceeds from long-term borrowings, net of debt issuance costs, $0.9 million proceeds from exercise of stock options and $1.2 million in proceeds from issuance of treasury stock under the employee stock purchase plan, partially offset by $10.0 million payment on our 2018 Revolver and $1.2 million payments of withholding taxes in connection with restricted stock vesting. Other Inside Carbonite Inc's 10-Q Quarterly Report:
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |