Modern Work Management

Carbonite Acquisition Case Study Acquired Carbonite Case Study • 12/24/19 for 2.8x TTM revenue (1) Executing Our Playbook Strategic Rationale • Revenue Synergies • • Expense Synergies • . Critical mass in Security & Protection Scaled SMB channel Strong growth prospects Cross-sell opportunities Increased corporate ARR Increased cloud margins On target model in <12 months Improved cash conversion cycle Less than 3x revenue ✓ Accelerated cloud revenue ✓ Strong FCF profile ✓ Acquiring new SMB platform ✓ Attractive growing TAM ✓ Integration complete opentext™ 1. Total purchase price is approximately 2.8x TTM (Trailing Twelve Months) Carbonite GAAP revenues (as of September 30, 2019), inclusive of annualized full year reported Webroot GAAP revenues, a significant acquisition which closed in March 2019. Open Text ©2022 All rights reserved 81

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