Nov 11 (Reuters) - Carbonite Inc CARB.O :
* OPENTEXT TO ACQUIRE CARBONITE, INC.
* CARBONITE INC - EXPECT SIGNIFICANT EXPANSION OF CLOUD REVENUES, CLOUD MARGINS, ADJUSTED EBITDA AND CASH FLOWS IN FISCAL 2021 FROM DEAL
* OPEN TEXT CORP - CARBONITE DEAL ACCRETIVE, AND TARGETING TO BE ON OPENTEXT OPERATING MODEL BY END OF FISCAL 2021
* CARBONITE INC - DEAL IS FUNDED WITH OPENTEXT'S EXISTING CASH ON HAND AND REVOLVER