Market Capitalization (Millions $) |
- |
Shares
Outstanding (Millions) |
35 |
Employees |
- |
Revenues (TTM) (Millions $) |
405 |
Net Income (TTM) (Millions $) |
-23 |
Cash Flow (TTM) (Millions $) |
-3 |
Capital Exp. (TTM) (Millions $) |
13 |
Carbonite Inc
Carbonite Inc is a cloud-based data protection and recovery company headquartered in Boston, Massachusetts, founded in 2005 by David Friend, Jeff Flowers and Joel Gordeon.
Carbonite's products and services are aimed at individuals, small and medium-sized businesses, as well as enterprise-level businesses. The company offers several data backup and recovery solutions that protect consumer and business data from accidental deletion, theft, and system crashes. It also provides security solutions for endpoints, which include computers, servers, and mobile devices.
Carbonite has an extensive portfolio of cloud-based products and services, including cloud and local backup solutions, disaster recovery as a service, server backup and recovery, email archiving, and endpoint protection. The company's cloud backup solutions allow users to automatically backup data from their computers to the cloud, where it is stored securely and can be accessed from anywhere. Its disaster recovery solutions provide businesses with the data restoration capabilities necessary to quickly recover from unexpected events such as fires, floods, and cyberattacks. Carbonite's endpoint protection provides businesses with a multi-layered approach to protect against malware, ransomware, and other cybersecurity threats.
Carbonite has grown rapidly over the years, in part through acquisitions. In 2015, the company acquired Seagate's EVault cloud backup and recovery services for $14 million. In 2017, it acquired Double-Take Software, a provider of high-availability software for disaster recovery and workload migration, for $65.25 million. Carbonite also acquired Webroot, a provider of cybersecurity solutions, for $618.5 million in 2019.
Carbonite is known for its commitment to customer service and support. The company provides 24/7 customer service and support, as well as a variety of resources such as online tutorials, user forums, and webinars to help customers get the most out of their products and services.
In February 2020, Carbonite was acquired by OpenText, a global leader in enterprise information management, for $1.42 billion. Under the terms of the deal, Carbonite became a subsidiary of OpenText and continued to operate under the Carbonite brand.
Company Address: Two Avenue de Lafayette Boston 2111 MA
Company Phone Number: 587-1100 Stock Exchange / Ticker: NASDAQ CARB
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