Carbonite Files For $100 Million IPO

Online data backup company Carbonite has filed a $100 million IPO. Carbonite sells computer and data recovery backup software company for $59 per year. Carbonite is led by co-founder and CEO David Friend. The company secures about 200 million data files per day. In the IPO prospectus, Carbonite reported a net loss of $25.8 million on revenues of $38.6 million last year. [BostonHerald]

This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at
Leave a Comment