Carbonite provides cloud and hybrid backup solutions. The Company's solutions are designed to address the specific needs of small and medium-sized businesses and individuals. The Company's suite of solutions includes Carbonite Personal, an unlimited cloud backup for one computer at three different service levels for individuals; Carbonite Pro, the Company's small business workstation solutions automatically back up files to the cloud and include an unlimited number of devices for an annual flat fee based on the amount of storage needed, and Carbonite Server Backup, the Company's hybrid server backup solution that protects an unlimited number of servers, databases and live applications, and offers management capabilities.
Boston, US
Size (employees)
820 (est)
Carbonite was founded in 2005 and is headquartered in Boston, US
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Key People/Management at Carbonite

Mohamad Ali

Mohamad Ali

President and Chief Executive Officer
Larry Friedman

Larry Friedman

Chief Technology Officer
Danielle Sheer

Danielle Sheer

Vice President and General Counsel
Anthony Folger

Anthony Folger

Chief financial officer and treasurer
Norman Guadagno

Norman Guadagno

Senior Vice President of Marketing
Paul Mellinger

Paul Mellinger

Senior Vice President of Sales
Deepak Mohan

Deepak Mohan

Senior Vice President of Products and Engineering

Carbonite Office Locations

Carbonite has an office in Boston, Zürich, Pune, Sunnyvale and in 6 other locations
Boston, US (HQ)
2 Ave de Lafayette
Zürich, CH
31A Dreikönigstrasse
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Carbonite Financials and Metrics

Carbonite Financials

Carbonite's revenue was reported to be $206.99 m in FY, 2016 which is a 51.5% increase from the previous period.

Revenue (Q3, 2017)

61.6 m

Gross profit (Q3, 2017)

44 m

Gross profit margin (Q3, 2017), %


Net income (Q3, 2017)

(3.6 m)

EBIT (Q3, 2017)

(1.1 m)

Market capitalization (5-Feb-2018)

772.7 m

Cash (3-Feb-2018)

119.4 m


763.6 m
Carbonite's current market capitalization is $772.7 m.
USDFY, 2014FY, 2015FY, 2016


122.6 m136.6 m207 m

Revenue growth, %


Cost of goods sold

38.6 m38.8 m60.9 m

Gross profit

84.1 m97.8 m146 m
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017


29.1 m30.3 m31.3 m33 m34 m34.6 m48.1 m53.4 m51.9 m57.1 m59 m61.6 m

Cost of goods sold

9.3 m9.7 m9.6 m10 m9.8 m9.8 m14.8 m15.9 m15.5 m17.4 m18.3 m17.6 m

Gross profit

19.9 m20.6 m21.7 m23 m24.2 m24.8 m33.4 m37.6 m36.5 m39.7 m40.7 m44 m

Gross profit Margin, %

USDFY, 2014FY, 2015FY, 2016


46.1 m63.9 m59.2 m

Accounts Receivable

2.4 m3.7 m16.6 m

Prepaid Expenses

5.2 m3.2 m7.3 m

Current Assets

69.6 m72 m83.3 m
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017


55.3 m57.4 m56.5 m59 m60.9 m61.6 m41 m43.2 m49.1 m41.8 m125.1 m119.4 m

Accounts Receivable

2.1 m2.2 m2.4 m3.1 m3.4 m3.5 m12.7 m17.2 m17 m21.9 m23.5 m23.4 m

Prepaid Expenses

3.2 m3.6 m5.3 m6.3 m4.2 m3.9 m10.5 m7.5 m6.9 m7.6 m7.9 m6.7 m

Current Assets

75.3 m78.2 m79.2 m74.8 m72.8 m70 m65.4 m68 m73.2 m71.3 m156.5 m149.5 m
USDFY, 2014FY, 2015FY, 2016

Net Income

(9.4 m)(21.6 m)(4.1 m)

Depreciation and Amortization

12.5 m13.6 m15.9 m

Accounts Payable

2 m2.9 m(3.3 m)

Cash From Operating Activities

22.7 m13.2 m13.2 m
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Net Income

(982 k)(3.5 m)(4.2 m)(6.2 m)(11.1 m)(17 m)(4.7 m)(3.5 m)(3.4 m)7.6 m1.2 m(2.4 m)

Depreciation and Amortization

3.2 m6.3 m9.4 m3.4 m6.8 m10.3 m4.3 m8.4 m12.2 m4.9 m10.4 m16 m

Accounts Payable

(799 k)759 k(587 k)1.2 m418 k1.3 m2.5 m(4.1 m)(5.2 m)3.3 m627 k346 k

Cash From Operating Activities

7.3 m10.6 m14.6 m2.6 m6.5 m8.5 m(6.8 m)(1.7 m)3.4 m2.5 m10.6 m17.5 m
USDY, 2017


-698 x


43.7 x


75.2 k


3.1 x


0.4 x

Financial Leverage

8.7 x
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Carbonite Operating Metrics

Carbonite's Enterprise Customers was reported to be 100 k in Sep, 2017. Carbonite's Customers was reported to be 1.5 m in Feb, 2018.
Q1, 2014Q2, 2014Q3, 2014Q4, 2014FY, 2014Q1, 2015Q2, 2015Q3, 2015Q4, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016Q4, 2016FY, 2016Q1, 2017Q2, 2017Sep, 2017Q3, 2017Feb, 2018


$32.50 m$30.60 m$30.60 m$34.50 m$128.20 m$36.90 m$35.70 m$34.20 m$37.40 m$144.10 m$52.30 m$53.70 m$49.20 m$54 m$209.30 m$62.10 m$63.90 m$59.67 m

Patents Issued

8 27 33

Patents Pending

18 20 24


30 30 40
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Carbonite Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
Carbonite Securities Corporation
Carbonite Holdings B.V.
Carbonite Operations B.V.
Zmanda Technologies India Pvt. Ltd.
Cabonite GmbH
Carbonite Germany GmbH
MailStore Software GmbH
Carbonite Cloud Backup (Canada) Inc.
Carbonite China Holdings, LLC
Carbonite India Holdings, LLC
Carbonite International Holdings, B.V.
Carbonite (China) Co., Ltd.
Mozy February 13, 2018$145.80 m
Datacastle August 22, 2017
Double-Take Software January 31, 2017$65 m
EVault December 16, 2015$14 m
MailStore December 15, 2014$20 m
Zmanda October 18, 2012
Phanfare June 15, 2011
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Carbonite News and Updates

Dell to sell its Mozy cloud backup division to Carbonite in $145M deal

Dell Technologies Inc. is offloading another of the divisions that it absorbed through the $67 billion acquisition of EMC Corp. in 2016. Carbonite Inc., a publicly traded provider of cloud backup services, revealed on Tuesday that it has reached a deal with the data center giant to acquire the latte…

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Ross Begins Shipping Graphite All-in-One Production System

After premiering the Graphite All-in-One Production system at the 2017 NAB Show, Ross Video has announced it is now available for shipping.
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