CARB on NASDAQ

Carbonite

Logo: carbonite.com5

American technology company

Carbonite, Inc. is an American company that offers an online backup service, available to Windows and macOS users. In 2019 it was acquired by Canadian software company OpenText. It backs up documents, e-mails, music, photos, and settings.3 Wikipedia text CC BY-SA 4.0

Price unavailable

Last updated Oct 21, 2026.

Overview

Feb 10, 2005Founded1

Compare with another stock.

  • TickerCARB on NASDAQ1
  • IndustryServices-Computer Processing & Data Preparation1
  • HeadquartersBoston1
  • Websitewww.carbonite.com
  • Legal formDelaware corporation1
  • Incorporated inDE6
  • Business addressTwo Avenue De Lafayette, Boston, Ma 021116
  • Filer categoryLarge accelerated filer6
  • LEI5493000SNSOGP6ZC5R334
  • StatusActive4
  • LEI statusLapsed (not renewed)4
  • Registered addressC/O CORPORATION SERVICE COMPANY, 19808 Wilmington, United States4
  • Registered withDivision of Corporations, Department of State, 39243354
Carbonite image from its website
Image: carbonite.com8

Carbonite, Inc. is an American company that offers an online backup service, available to Windows and macOS users. In 2019 it was acquired by Canadian software company OpenText. It backs up documents, e-mails, music, photos, and settings. It is named after carbonite, the fictional substance used to freeze Han Solo in Star Wars: The Empire Strikes Back. Carbonite was the first such service to offer unlimited backup space for a fixed price. Previously, all online backup services were priced by the gigabyte.3

Corporate structure

Carbonite is part of a group headed by Open Text Corporation. 181 entities, 44 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

  • Open Text Corporation Waterloo, Ontario, Canada
    • Carbonite Boston, Massachusetts, United States
    • Actuate Corporation Subsidiary · San Mateo
    • Hightail Subsidiary · San Mateo
    • MailStore Subsidiary
    • Open Text Coöperatief U.A. Subsidiary · 100% · Hoofddorp, Netherlands
    • OPEN TEXT TECHNOLOGIES INDIA PRIVATE LIMITED Subsidiary · 100% · Hyderabad, India
    • 3304709 Nova Scotia Limited Subsidiary · Nova Scotia, Canada
    • 8493642 Canada Inc. Subsidiary · Canada
    • AppRiver Canada ULC Subsidiary · Nova Scotia, Canada
    • AppRiver, LLC Subsidiary · Florida, United States
    • Arm Research Labs, LLC Subsidiary · Florida, United States
    • Atarlabs Bilişim Anonim Şirketi Subsidiary · Turkey
    • Attachmate Group Germany GmbH Subsidiary · Böblingen, Germany
    • Autonomy HoldCo B.V. Subsidiary · Netherlands
    • AUTONOMY SOFTWARE ASIA PRIVATE LIMITED Subsidiary · Bangalore, India
    • Autonomy Systems Limited Subsidiary · United Kingdom
    • Borland GmbH Subsidiary · Germany
    • CARBONITE GMBH Subsidiary · Zürich, Switzerland
    • Chameleon Holdings Ltd. Subsidiary · Israel
    • CloudAlly Ltd. Subsidiary · Israel
    • CM2.COM, Inc. Subsidiary · Washington, United States
    • Covisint Software Services (Shanghai) Co., Ltd. Subsidiary · China
    • debricked AB Subsidiary · Sweden
    • Entco Gatriam Holding B.V. Subsidiary · Netherlands
    • Entco Holding Berlin B.V. Subsidiary · Netherlands
    • and 155 more

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; subsidiaries, stakes and holdings from Wikidata (CC0). Each entity in the chart links to its source.

What it owns

What Carbonite reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Computer equipment and software$7.7M9 Dec 31, 2018$6.8M9 Dec 31, 2017+13.2%
Property and equipment, before depreciation$86.8M9 Dec 31, 2018$70.8M9 Dec 31, 2017+22.7%
Accumulated depreciation$52.7M9 Dec 31, 2018$42.0M9 Dec 31, 2017+25.6%
Property and equipment, net$34.1M9 Dec 31, 2018$28.8M9 Dec 31, 2017+18.4%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$198.1M9 Dec 31, 2018$128.2M9 Dec 31, 2017+54.5%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$155.1M9 Dec 31, 2018$81.0M9 Dec 31, 2017+91.6%
Intangible assets, net (excluding goodwill)$118.0M9 Dec 31, 2018$45.0M9 Dec 31, 2017+162.2%
Finite-lived intangibles, gross$159.8M9 Dec 31, 2018$62.0M9 Dec 31, 2017+157.5%
Accumulated amortization$41.8M9 Dec 31, 2018$17.0M9 Dec 31, 2017+145.3%
Finite-lived intangibles, net$118.0M9 Dec 31, 2018$45.0M9 Dec 31, 2017+162.2%

The story

CEO David Friend and CTO Jeff Flowers founded Carbonite in 2005, the fifth joint venture for the pair who also together founded Computer Pictures, Pilot Software, FaxNet and Sonexis. Friend had also been an executive at ARP Instruments, Inc., a pioneering electronic music synthesizer manufacturer, in the 1970s.

The product debuted at Staples in 2006 when it focused on photo backup and offered a free six-month subscription with all camera purchases. It partnered with Microsoft in 2006 to include the program with purchase of Microsoft Money 2007, and renewed the following year for the 2008 edition. Since its launch in 2006, Carbonite has backed up more than 100 billion files and has restored more than 7 billion lost files for its customers.

In 2007 it was named ‘Top Private Company’ by AlwaysOn in 2007.

Carbonite introduced their Macintosh version for Intel-based Macs with OS 10.4 or 10.5 in March 2009.

It has partnered with several other backup, storage, and file transfer companies: with Ipswitch, Inc. in 2007 to provide the service to purchasers of their FTP client, OLBEX in 2007 to offer the service to U.S. cable companies, Sonic Solutions in 2008 to provide core technologies for their digital media storage solution, and with TDS Telecom in 2008 to provide core technologies for their online backup service, and with LaCie in 2008, to power their online backup. It partnered with Lifeboat Distribution in 2008, to enhance distribution coverage within North America.

It partnered with Packard Bell in 2008, the first partnership between an independent online backup company and major PC manufacturer, providing all purchasers of their desktop and notepad computers in Europe a free four-month subscription. It subsequently partnered also with Lenovo in 2008, to have the service pre-loaded on their PCs, and with Acer to have their online backup service pre-installed on select PCs. Acer signed on for a similar arrangement in 2009.

In 2009, it admitted loss of backups of "over 7,500 customers" in a lawsuit filed against Promise Technology, a hardware provider.

On June 6, 2011, Carbonite acquired Phanfare. Carbonite declined to honor Phanfare lifetime memberships, instead granting lifetime members $299 in Phanfare credit which would expire after three years if unused. Two days later, Phanfare founder and CEO, Andrew Erlichson notified lifetime subscribers that customers requesting a refund will be paid not by Carbonite, but what remains of Phanfare, Inc.

Read the full text

In 2017, Carbonite acquired Mozy, a cloud-based backup solution from Dell Technologies for $145.8 million.

In 2019, Carbonite acquired Webroot, which delivers multi-vector Cybersecurity protection for endpoints and networks, as well as threat intelligence services to protect businesses and individuals for $618.5 million.

On November 11, 2019, Open Text Corporation announced it had signed a definitive agreement to acquire Carbonite Inc. for $23.00 per share USD in cash.

From Wikipedia’s article on Carbonite, Inc., shared under CC BY-SA 4.0.7

Leadership

Who has led Carbonite, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (35)

Products and brands

Carbonite Online Backup installs a client software program on the user’s computer that operates continuously in the background. This client software automatically seeks out new and changed files on the user’s computer and backs them up using incremental backup. Each file is compressed and encrypted using a 128-bit Blowfish encryption before it is sent to remote servers at the company's data centers via the Internet. (This of course requires that the user's computer be continually connected to the internet, and the speed of the internet connection will impact system performance.) Data is transmitted to the servers using a secure SSL link. The encrypted files are stored on 15-drive RAID 6 storage arrays.

The program is designed to automatically back up user-generated content including text documents, spreadsheets, financial documents, photos, music, etc. The 2017 PC Magazine review found that a few audio files and photos were omitted from the backup without obvious reason.

Videos and files larger than 4 gb require manual backup in the base-priced version. The terms allow Carbonite to release information to law enforcement upon demand or if Carbonite suspects illegal use.

This would help law enforcement if Carbonite can give them the encryption key, which they can for all Mac and most Windows users.

Read the full text

Windows users can manage their own key by selecting "Advanced" during installation. Users cannot make the key private later if they initially let Carbonite manage it.

If Carbonite manages the key, users can download files to any computer.

If the user manages the key, user can only access files from the backed up computer (File Explorer/This PC/Carbonite Drive),

and if that computer is inaccessible, the user must upload and let Carbonite manage the key before accessing the backed up files from another computer.

The Terms let Carbonite delete files with or without notice, but normally they keep the three most recent versions, and one version per day for the past week, one per week for 3 weeks before that, and 1 per month for 2 and 3 months ago. They also delete files which were deleted by the user more than 30 days before, or when payment ends. Carbonite offers telephone support to recover from ransomware viruses. Terms also disclaim any warranties and damages, require arbitration in Boston, and disallow class action suits. Terms require users to pay (indemnify) Carbonite's losses if they relate to improper actions by the user.

On a Windows PC, Carbonite backs up everything in the Documents and Settings folder, including the desktop, favorites, and all other files except for temporary, log and video files. Any file or folder can be added to the default backup if it is on a local (internal) drive formatted with the FAT32 or NTFS file systems. (According to the Carbonite website, the Home version will only backup internal drives whereas the HomePlus and HomePremium versions will also backup external drives.) The backup software integrates with Windows Explorer, adding green dots to the file icons of any backed up file. Adding or removing files from the backup is done using the right mouse button and the Windows context menus. The Windows version of Carbonite will keep multiple versions of backed up files.

Carbonite can recover from some forms of Ransomware but this requires contacting Carbonite customer service.

For Intel-based Macs running Mac OS X 10.4 (Tiger) or 10.5 (Leopard), Carbonite is controlled through System Preferences and using the contextual menu. File systems supported 'by default' on Mac OS X are supported by the Mac client with the exception of FAT.

The program also includes a remote access application that allows individual files to be downloaded to any computer using a web browser.

From Wikipedia’s article on Carbonite, Inc., shared under CC BY-SA 4.0.7

Subsidiaries and ownership

Parent company (GLEIF)

Ownership links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); each one cites its LEI record.

Timeline

  1. Jul 30, 2019New chief executive Stephen Munford becomes CEO10
  2. Dec 5, 2014New chief executive Mohamad Ali becomes CEO11
  3. Aug 11, 2011Went public Listed on NASDAQ1
  4. Aug 10, 2011New chief executive David Friend becomes CEO12
  5. Feb 11, 2005Parent Directly consolidated by Open Text Corporation4
  6. Feb 10, 2005Founded Founded1

SEC filer profile

How Carbonite is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARCarbonite Inc2
  • CIK0001340127
  • Employer ID (EIN)33-11113292
  • Filer statusLarge accelerated filer2
  • Incorporated inDelaware2
  • Fiscal year endsDecember 312
  • Industry code (SIC)7374 Services-Computer Processing & Data Preparation2
  • Business addressTwo Avenue De Lafayette, Boston, MA 021112
  • Phone61758711402
  • Shares outstanding35,005,570 as of Oct 31, 201949
  • Public float$926.9M as of Jun 30, 20189
  • On EDGAR sinceSep 28, 20052
  • Filings1,048 in all: 4 (644), 8-K (94), 3 (40), SC 13G/A (28), 10-Q (25), SC 13D/A (25), 4/A (20), SC 13G (16)2
    All 51 form types

    SC 14D9/A (11), S-8 (10), S-8 POS (10), DEFA14A (9), S-1/A (9), UPLOAD (9), 10-K (8), CORRESP (8), DEF 14A (8), 8-K/A (7), CT ORDER (7), REGDEX (5), SC TO-T/A (5), EFFECT (4), SC 13D (4), 3/A (3), 5 (3), ARS (3), SC14D9C (3), 424B5 (2), 8-A12B (2), RW (2), S-3 (2), SC 14D9 (2), SC TO-C (2), 10-K/A (1), 15-12B (1), 25-NSE (1), 424A (1), 424B4 (1), CERTNAS (1), D (1), DEFC14A (1), DFAN14A (1), FWP (1), POS AM (1), PREC14A (1), PRER14A (1), REGDEX/A (1), S-1 (1), S-3/A (1), S-3ASR (1), SC TO-T (1)

  • Latest filingsAnnual report (10-K) Feb 28, 2019
    Quarterly report (10-Q) Nov 12, 2019
    Proxy statement (DEF 14A) Apr 5, 2019
    Latest 8-K (8-K) Dec 26, 2019

Sources

The numbers on this page point here. Each one links to the record it came from.

  1. 1
  2. 2
  3. 3
  4. 4
  5. 5
    Company websiteCarbonite logo
  6. 6
  7. 7
  8. 8
    Company websiteCarbonite photo
  9. 9
  10. 10
  11. 11
  12. 12
  13. 13
  14. 14
  15. 15
  16. 16
  17. 17
  18. 18
  19. 19
  20. 20
  21. 21
  22. 22
  23. 23
  24. 24
  25. 25
  26. 26
  27. 27
  28. 28
  29. 29
  30. 30
  31. 31
  32. 32
  33. 33
  34. 34
  35. 35
  36. 36
  37. 37
  38. 38
  39. 39
  40. 40
  41. 41
  42. 42
  43. 43
  44. 44
  45. 45
  46. 46
  47. 47
  48. 48
  49. 49