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Stockreport

Carbonite Announces Fourth Quarter and Full Year 2017 Financial Results

CARBONITE (CARB)  More Company Research Source: GlobeNewswire
Last carbonite earnings: 2/13 04:05 pm Check Earnings Report
PDF FY 2017 Revenue Growth of 16% with Expanding Profitability Announces Agreement to Acquire Mozy Inc. from Dell Technologies Inc. BOSTON, Feb. 13, 2018 (GLOBE NEWSWIRE) -- Carbonite, Inc. (NASDAQ:CARB), a leader in data protection, today announced financial results for the quarter and full year ended December 31, 2017. The Company also announced it has entered into a definitive agreement to acquire Mozy, Inc. ("Mozy") from a subsidiary of Dell Technologies Inc. The deal expands Carbonite’s customer base and better positions Carbonite to offer its data protection platform to every segment of the market. “We are thrilled to announce the acquisition of Mozy,” said Mohamad Ali, President and CEO of Carbonite. “Carbonite’s competitive advantage is our flexible data protection platform, which serves every scenario, from backing up individual laptops to maintaining uptime for hundreds of business servers. This deal provides Mozy customers scalable options for the future and gives Carbonit [Read more]

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