Carbonite is a company providing cloud backup solutions. It offers a platform that protects customer data from accidental deletions, crashes, ransomware, viruses, and other common threats. The platform also protects the data that resides on an organization's computers, laptops, tablets, and smartphones, as well as delivers a server protection capability for physical, virtual, and legacy systems.

Employee Rating

3.5More
TypeSubsidiary
Parent CompanyOpen Text
HQBoston, MA, US
Founded2005
Websitecarbonite.com
Cybersecurity ratingBMore
Carbonite was founded in 2005 and is headquartered in Boston, MA, US

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Key People/Management at Carbonite

Larry Friedman

Larry Friedman

Chief Information Security Officer

Carbonite Office Locations

Carbonite has offices in Boston, Chicago, Emeryville, Indianapolis and in 13 other locations
Boston, MA, US (HQ)
2 Ave de Lafayette
Chicago, IL, US
311 South Wacker
Emeryville, CA, US
6001 Shellmound Ave
Indianapolis, IN, US
8470 Allison Pointe Blvd
Lewiston, ME, US
18-24 Mollison Way
Salt Lake City, UT, US
4225 Lake Park Blvd
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Carbonite Financials and Metrics

Summary Metrics

Founding Date

2005

Total Funding

$191.2 m

Investors

In total, Carbonite had raised $191.2 m. Carbonite is a subsidiary of Open Text

Carbonite Revenue

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View revenue for all periods
Carbonite's revenue was reported to be $296.41 m in FY, 2018 which is a 23.8% increase from the previous period.
Annual
USDFY, 2016FY, 2017FY, 2018

Revenue

207.0m239.5m296.4m

Revenue growth, %

52%16%24%

Cost of goods sold

60.9m70.1m85.4m

Gross profit

146.0m169.4m211.0m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Revenue

57.1m59.0m61.6m64.0m77.7m77.7m81.2m121.5m125.6m

Cost of goods sold

17.4m18.3m17.6m18.3m23.1m21.8m20.8m33.5m40.0m

Gross profit

39.7m40.7m44.0m45.7m54.7m55.9m60.4m88.0m85.6m

Gross profit Margin, %

70%69%71%71%70%72%74%72%68%
Annual
USDFY, 2016FY, 2017FY, 2018

Cash

59.2m128.2m198.1m

Accounts Receivable

16.6m22.2m31.6m

Prepaid Expenses

7.3m6.8m10.4m

Current Assets

83.3m157.3m240.1m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Cash

41.8m125.1m119.4m71.0m71.0m201.0m252.6m83.4m98.5m

Accounts Receivable

21.9m23.5m23.4m31.2m32.1m32.6m50.5m47.1m43.4m

Prepaid Expenses

7.6m7.9m6.7m8.7m10.6m10.1m30.7m22.6m22.9m

Current Assets

71.3m156.5m149.5m110.8m113.7m243.6m333.8m153.1m164.8m
Annual
USDFY, 2016FY, 2017FY, 2018

Net Income

(4.1m)(4.0m)7.6m

Depreciation and Amortization

15.9m21.7m41.8m

Accounts Payable

(3.3m)5.0m(7.4m)

Cash From Operating Activities

13.2m31.3m53.6m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2011Q2, 2019Q3, 2019

Net Income

7.6m1.2m(2.4m)11.9m6.3m6.8m2.0m(9.3m)(23.2m)

Depreciation and Amortization

4.9m10.4m16.0m6.1m17.8m29.6m11.1m34.2m57.7m

Accounts Payable

3.3m627.0k346.0k(4.2m)(3.9m)(5.8m)(870.0k)4.6m4.7m

Cash From Operating Activities

7.7m10.6m17.5m3.3m16.8m33.8m18.7m39.0m68.3m
USDFY, 2016

Revenue/Employee

252.4k

Financial Leverage

24.8 x
Show all financial metrics

Carbonite Operating Metrics

FY, 2016Q1, 2017Q2, 2017Q3, 2017FY, 2017Q1, 2018Q2, 2018Q3, 2018FY, 2018

Bookings

$209.3 m$62.1 m$63.9 m$59.67 m$245.86 m$67.59 m$81.79 m$78.8 m$307.04 m

Patents Issued

33

Patents Pending

24

Countries

4040
Show all operating metrics

Carbonite Acquisitions / Subsidiaries

Company NameDateDeal Size
WebrootFebruary 08, 2019$618.5 m
MozyFebruary 13, 2018$145.8 m
DatacastleAugust 22, 2017
Double-Take SoftwareJanuary 31, 2017$65 m
EVaultDecember 16, 2015$14 m
MailStoreDecember 15, 2014$20 m
ZmandaOctober 18, 2012
PhanfareJune 15, 2011
Cabonite GmbH
Carbonite (China) Co., Ltd.
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Carbonite Revenue Breakdown

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Carbonite revenue breakdown by geographic segment: 15.9% from International and 84.1% from United States

Carbonite Cybersecurity Score

Cybersecurity ratingPremium dataset

B

82/100

SecurityScorecard logo

Carbonite Online and Social Media Presence

Embed Graph

Carbonite Company Culture

  • Overall Culture

    B+

    73/100

  • CEO Rating

    A-

    74/100

  • Compensation

    B+

    79/100

  • Diversity

    B

    75/100

Learn more on Comparably

Carbonite News and Updates

OpenText Buys Carbonite, Inc.

WATERLOO, Ontario, Dec. 24, 2019 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX) (TSX: OTEX), "The Information Company," announced today that it has completed the closing of the previously announced acquisition of Carbonite, Inc. ("Carbonite"), provider of cloud-based subscription data...

OpenText Commences Tender Offer for Carbonite, Inc.

WATERLOO, Ontario, Nov. 25, 2019 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX) (TSX: OTEX), a market leader in Enterprise Information Management (EIM) software and solutions, announced today that it has commenced its previously announced tender offer for all outstanding shares of common stock...

UPDATE: Cybersecurity company Carbonite to be acquired by OpenText in $1.42 billion cash deal

Cybersecurity company Carbonite Inc. said Monday it has agreed to be acquired in a cash deal with an enterprise value of about $1.42 billion. OpenText will pay $23 for each Carbonite share, equal to a 78% premium over Carbonite's closing stock price on Sept. 5, the last trading day before a media r…

OpenText buys data backup firm Carbonite for $1.42B

Carbonite has agreed to a $1.42 billion purchase by OpenText, an enterprise information management giant, ending weeks of speculation about the anticipated buyout. The deal marks a 78% premium on Carbonite’s share price on September 5, when it was first rumored the company was preparing to buy the b…

Canada's Open Text to buy cloud security firm Carbonite for $800 million

Canada's Open Text Corp will buy cloud security company Carbonite Inc for nearly $800 million in cash, the companies said on Monday.

OpenText acquires data backup and security platform Carbonite for $1.42 billion

Enterprise information management company OpenText is acquiring cloud data backup service Carbonite in a deal worth $1.42 billion.
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Carbonite Frequently Asked Questions

  • When was Carbonite founded?

    Carbonite was founded in 2005.

  • Who are Carbonite key executives?

    Carbonite's key executives are Larry Friedman.

  • How many employees does Carbonite have?

    Carbonite has 1,000 employees.

  • What is Carbonite revenue?

    Latest Carbonite annual revenue is $296.4 m.

  • What is Carbonite revenue per employee?

    Latest Carbonite revenue per employee is $296.4 k.

  • Who are Carbonite competitors?

    Competitors of Carbonite include Keepit, Acronis and OwnBackup.

  • Where is Carbonite headquarters?

    Carbonite headquarters is located at 2 Ave de Lafayette, Boston.

  • Where are Carbonite offices?

    Carbonite has offices in Boston, Chicago, Emeryville, Indianapolis and in 13 other locations.

  • How many offices does Carbonite have?

    Carbonite has 17 offices.