![]() ![]() (Ali came to this country when he was 11, from Guayana.) He also slammed the public incentives once offered to persuade GE to relocate here, and supports the proposed Massachusetts “millionaires tax. Track Carbonite, Inc (CARB) Stock Price, Quote, latest community messages, chart, news and other stock related information. Ali spoke out on immigration issues, and criticized the Trump administration’s travel restrictions. Most notably, the board let Ali take stands that might be considered unusual for the CEO of a public company. Here’s what he describes as his biggest source of pride: Carbonite’s commitment to the community. ![]() (IDG doesn’t report its sales, while Carbonite is on track for nearly $500 million this year.)Īli gave his farewell speech to Carbonite’s 1,400 employees on Friday, an emotional moment that prompted him to revisit his nearly five-year tenure there. It’s larger than Carbonite, in terms of revenue and employees. CARB - Stock Price, News, Charts, Message Board, Trades (CARB) (CARB) CARB Carbonite Inc 22.98 0.00 ( 0.0 ) Upgrade to Real-Time Quote Board Chart Level 2 News Trades Financials. The company behind PCWorld and Computerworld now has a global reach. He says he became intrigued by IDG’s proud history as a tech anchor in Greater Boston - and in the digital revolution. Those discussions intensified in recent weeks. He says he had informal talks with IDG, now owned by Chinese investors, months ago. The charismatic architect of Carbonite’s turnaround is gone.īy all accounts, Ali is leaving voluntarily. But now they have to worry about the newfound uncertainty. Investors, DiFucci says, might have blamed Ali for those misses. John DiFucci, an analyst with Jefferies & Co., sees a bigger issue with the stock: Carbonite has started to fall into a pattern, by missing Wall Street’s expectations when earnings time rolls around. ![]() Some investors seemed skeptical at the time, and sent the stock downward after the Webroot deal was announced. Fundamental Analysis on Carbonite Inc Key ratios, Comparisons to Cloud Computing & Data Analytics Industry, Technology Sector, S&P 500 - CSIMarket Company Name, Ticker, Suppliers, else. Image used under license from Shutterstock.Ali engineered five acquisitions in the past three years or so, with the $618.5 million purchase of cybersecurity firm Webroot in March leading the list. The transaction is subject to customary closing conditions, including the tender of a majority of the outstanding shares of Carbonite common stock and regulatory approvals.” OpenText operates in 40 countries, providing a tested platform for growth and new sales opportunities. The release goes on, “OpenText is a leader in Enterprise Information Management (EIM), both on-premises and for cloud services, offering the only complete solution for EIM with a comprehensive view of all the information within an organization. ‘The Board strongly believes that a transaction with OpenText delivers compelling, immediate and substantial cash value to shareholders’.” ‘Following expressions of interest from multiple parties, the Carbonite Board conducted a thorough and comprehensive process, which included contact with a number of strategic and financial parties, to identify the best way to maximize shareholder value,’ said Steve Munford, Interim Chief Executive Officer and President/Executive Chairman of the Board of Carbonite. The transaction values Carbonite at an enterprise value of approximately $1.42 billion and represents a 78% premium to Carbonite’s unaffected closing stock price on September 5, 2019, the last trading day before a media report was published speculating about a potential sale process. A new press release reports, “Carbonite, Inc., a global leader in data protection and cybersecurity, today announced that it has entered into a definitive agreement to be acquired by OpenTextTM, a market leader in Enterprise Information Management software and solutions, for $23.00 per Carbonite share in cash. ![]()
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