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.
Type
Public
HQ
Boston, US
Founded
2005
Size (employees)
941 (est)+15%
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
Paul Mellinger

Paul Mellinger

Senior Vice President of Sales
Deepak Mohan

Deepak Mohan

Senior Vice President of Products and Engineering
Anthony Folger

Anthony Folger

Chief Financial Officer and Treasurer
Norman Guadagno

Norman Guadagno

Senior Vice President of Marketing
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Carbonite Office Locations

Carbonite has offices in Worcester, Chicago, Salt Lake City, Indianapolis 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 $239.46 m in FY, 2017
USD

Revenue (FY, 2017)

239.5 m

Gross profit (FY, 2017)

169.4 m

Gross profit margin (FY, 2017), %

70.7%

Net income (FY, 2017)

(4 m)

EBIT (FY, 2017)

(12.1 m)

Market capitalization (23-Apr-2018)

825 m

Cash (31-Dec-2017)

128.2 m

EV

808.6 m
Carbonite's current market capitalization is $825 m.
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Revenue

122.6 m136.6 m207 m239.5 m

Revenue growth, %

14%11%52%

Cost of goods sold

38.6 m38.8 m60.9 m70.1 m

Gross profit

84.1 m97.8 m146 m169.4 m
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Revenue

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, %

68%68%69%70%71%72%69%70%70%70%69%71%
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Cash

46.1 m63.9 m59.2 m128.2 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 m157.3 m
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Cash

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
Annual
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
Quarterly
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

EV/EBIT

-67 x

EV/CFO

46.3 x

Revenue/Employee

300.1 k

Financial Leverage

8.2 x
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Carbonite Operating Metrics

Q1, 2014Q2, 2014Q3, 2014Q4, 2014FY, 2014Q1, 2015Q2, 2015Q3, 2015Q4, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016Q4, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017

Bookings

$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

Countries

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
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Carbonite News and Updates

Synology’s C2 backup services goes live to users worldwide

If you know about Synology, chances are you know about its network attaches storage (NAS) hardware. Over the course of the last few years, the company made a name for itself as one of the premiere NAS providers for consumers and small businesses who want to make local backups of their data or make i…

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…

Calvary Chapel Church Finds The Perfect PTZ Camera

Calvary Chapel Church is what people call a “mega-church,” with a central location and regional campuses connected via fiber optics.

ESL America Gets in the Game With Ross

Last year, ESL America—the North American branch of the world’s largest esports company—undertook a massive production with a big-name game developer.

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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