General Information

Description

Provider of online backup services to mainstream computer users. The company provides backup services for both Windows and Mac users. It provides services that protect customers' emails, photos, music, business contacts and financial data.

Company Status (as of 20-Jul-2016)

The company entered into a definitive agreement to be acquired by j2 Global on August 31, 2014 for $242.8 million and subsequently the deal was canceled. Previously, the company raised $49.9 million in its initial public offering on the NASDAQ National Market under the ticker symbol of CARB on August 11, 2011. A total of 6,250,000 shares were sold at at a price of $10 per share. After the offering, there was a total of 24,000,105 outstanding shares (excluding the over-allotment option) priced at $10 per share, valuing the company at $240 million.