According to the Complaint, Carbonite, Inc. provides a Data Protection Platform for businesses, including backup, disaster recovery, high availability, and workload migration technology.

This action stems from a proposed transaction announced on November 11, 2019, pursuant to which Carbonite, Inc. will be acquired by Open Text Corporation.

On November 10, 2019, Carbonite’s Board of Directors caused the Company to enter into an agreement and plan of merger with Open Text.

On November 25, 2019, Defendants filed a Solicitation/Recommendation Statement with the United States Securities and Exchange Commission in connection with the Proposed Transaction. The Complaint alleges that the Solicitation Statement omits material information with respect to the Proposed Transaction, which renders the Solicitation Statement false and misleading.

This case was voluntarily dismissed on December 19, 2019.