Carbonite (NASDAQ:CARB), formed in 2005, is a provider of Cloud backup solutions for consumers and small-to-medium sized businesses. Carbonite provides secure online backup solutions, with anytime, anywhere access to customer data, and has 1.5 million subscribers, along with considerable brand awareness in the cloud backup market. Pricing for Carbonite's personal services ranges from $60-150 per year, and pricing on the business/server products ranges from $270-1,000 per year.
Carbonite represents the fourth collaboration between CEO David Friend and Jeff Flowers, Boston-based entrepreneurs. Prior to Carbonite, they founded FaxNet Corporation, Pilot Software and Sonexis Incorporated, all of which were ultimately sold to larger companies. Carbonite is also backed by venture capital firms Menlo Ventures and Crosslink Capital (who were pre-IPO...
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