CARB - Carbonite, Inc.

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