Home EnterpriseData Protection Carbonite Announces Agreement To Acquire Mozy From Dell

Carbonite Announces Agreement To Acquire Mozy From Dell

by Adam Armstrong

Today Carbonite, Inc. announced its fourth quarter and full year 2017 financial results for a period ending December 31, 2017. The company also announced that is has entered into a definitive agreement with Dell Technologies Inc. to acquire Mozy, the online backup, cloud backup, and data backup company. The Mozy deal will expand Carbonite’s customer base and is priced at $145.8 million in cash.


Today Carbonite, Inc. announced its fourth quarter and full year 2017 financial results for a period ending December 31, 2017. The company also announced that is has entered into a definitive agreement with Dell Technologies Inc. to acquire Mozy, the online backup, cloud backup, and data backup company. The Mozy deal will expand Carbonite’s customer base and is priced at $145.8 million in cash.

Numbers for the quarter showed the company with revenue of $61.7 million, 15% over the same time a year ago. Carbonite saw fourth quarter bookings increase 11% to $60.2 million. Gross margin was 72.8% GAAP and 77.6% non-GAAP. The company is reporting a net loss of $1.6 million or $0.06 per diluted share. Cash flow from operations for the quarter was $13.9 million and adjusted free cash flow as $9.7 million.

The numbers for the year showed Carbonite with revenue of $239.5 million or up 16% from 2016. Bookings were up 17% or $245.9 million. Gross margin was reported as 70.7% GAAP and 75.5% non-GAAP. The company is reporting a net loss of $4 million, or $0.14 per diluted share, for 2017. Total cash and cash equivalents were reported as $128.2 million up form $59.2 million in 2016. Cash flow from operations for the year was $31.3 million and free cash flow was $20.2 million.

Carbonite Investor Relations

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