CARB Profile
CARB
stock is the ticker symbol for Carbonite, Inc., a technology company
that provides cloud backup and recovery solutions for businesses and
consumers. The company was founded in 2005 and is headquartered in
Boston, Massachusetts.
Carbonite's cloud-based data protection
solutions help businesses and individuals back up their data to
secure, off-site data centers, protecting it from hardware failures,
accidental deletions, and other data loss events. The company's
solutions are designed to be easy to use and affordable, making them
accessible to businesses of all sizes.
In addition to its
backup and recovery solutions, Carbonite also offers solutions for
disaster recovery and migration, as well as security and compliance.
Its products are used by businesses in a wide range of industries,
including healthcare, legal, and financial services.
Carbonite
has experienced significant growth since its inception, with revenue
increasing from $21.5 million in 2010 to over $300 million in 2018.
The company has also expanded its reach through strategic
acquisitions, including EVault, Double-Take Software, and Mozy.
Despite its success, Carbonite faces competition in the crowded
cloud backup and recovery market, with competitors such as Amazon Web
Services, Google Cloud Platform, and Microsoft Azure. The company will
need to continue innovating and providing high-quality solutions to
maintain its position in the market.
Overall, Carbonite is a
company with a strong track record of growth and a mission to protect
its customers' data. As businesses and individuals increasingly rely
on digital data, Carbonite's solutions are likely to remain in high
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