![]() John's background and history of him with Webroot makes him a perfect choice to lead this area.Ĭhad Bacher, Senior VP of Products is also joining my team, and is already contributing to the product roadmap of the combined organization. We are excited that John Post, formerly Webroot's CFO, is now the General Manager leading the Webroot organization. Webroot is a very well-run organization and has a strong team that we are thrilled to welcome to the Carbonite family. With complementary routes to market, we believe they are excellent cross selling, channel expansion and market penetration opportunities. And in this segment of the market, buyers are the same for backup and recovery, and endpoint security. Webroot significantly increases our addressable market and creates an opportunity to accelerate growth. Combined Webroot and Carbonite will address a top vulnerability for businesses, the endpoint, with a comprehensive approach to protection through cloud-based cybersecurity paired with cloud-based data protection. In the first quarter, we announced and closed the largest transaction to date in the history of Carbonite, acquiring Webroot, a leading cybersecurity platform for approximately $618 million. In addition to delivering better-than-expected revenue, we also exceeded our adjusted EBITDA guidance and reported strong earnings per share and free cash flow. We delivered better-than-expected revenues in the first quarter, driven by strong performance of our Carbonite data protection solutions as well as the benefit of having closed the Webroot transaction a few days before the end of the quarter. With that, I'll turn the call over to Mohamad. ![]() Also posted to our Investor Relations website is our quarterly financials in an Excel version as well as a slide deck that accompanies our financial results conference call. A reconciliation can be found in our financial results press release, which is available on our IR website. And the company undertakes no obligation to revise or update forward-looking statements except as required by law.Īll the financial figures discussed today are non-GAAP financial measures unless it is stated that the measure is a GAAP number. Actual results may differ materially from any forward-looking statements. Expressions of future goals, including financial guidance, outlook, anticipated results and similar items, including without limitation, expressions using the terminology may, will, believe, expects, plans, anticipates and expressions which reflect something other than historical facts, are intended to identify forward-looking statements.įorward-looking statements involve a number of risks and uncertainties, including those discussed in the Risk Factors sections of our Form 10-K and 10-Q. With me on the call today are our President and CEO, Mohamad Ali and CFO, Anthony Folger.Īny forward-looking statements in this call are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Thank you, Valerie, and welcome, everyone. I would now like to turn the conference over to your host, Mr. Later we will conduct a question-and-answer session and instructions will follow at that time. At this time, all participants are in a listen-only mode. Good day, ladies and gentlemen, and welcome to the Carbonite First Quarter 2019 Earnings Conference Call. Mohamad Ali - President and Chief Executive OfficerĪnthony Folger - Chief Financial Officer and TreasurerĬhad Bennett - Craig-Hallum Capital GroupĮric Martinuzzi - Lake Street Capital Markets, LLC Jeremiah Sisitsky - Vice President, Investor Relations ( NASDAQ: CARB) Q1 2019 Earnings Conference Call 5:30 PM ET
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