From the Wires
Carbonite Ranked 51st Fastest Growing Company in North America on Deloitte's 2012 Technology Fast 500™
By: PR Newswire
Nov. 14, 2012 11:30 AM
BOSTON, Nov. 14, 2012 /PRNewswire/ -- Carbonite, Inc. (NASDAQ: CARB), a leading provider of online backup solutions for consumers and small to medium sized businesses, today announced it ranked No. 51 on Deloitte's Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. Carbonite grew 2,709 percent during this period.
"Carbonite has been a pioneer in the cloud backup market for consumers and small to medium sized businesses, and our expertise and strong product line have driven our significant growth since we launched in 2005," said David Friend, Chairman and CEO, Carbonite. "We are proud to be recognized among so many impressive companies and remain committed to delivering easy-to-use, affordable and secure cloud solutions with innovative features and functionality."
Since 2011, Carbonite has increased its offerings to add new markets and platforms and achieved milestones in its award-winning service, including:
"We are proud to honor the 2012 Technology Fast 500™ companies, and commend them for their outstanding growth," said Eric Openshaw, vice chairman, Deloitte LLP and U.S. technology, media and telecommunications (TMT) leader. "These ground-breaking companies have outpaced their competition and are reinventing the way we do business today."
Overall, 2012 Technology Fast 500™ companies achieved revenue growth ranging from 128 percent to 279,684 percent from 2007 to 2011, with an average growth of 2,774 percent.
About Deloitte's 2012 Technology Fast 500™
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company's operating revenues. Companies must have base-year operating revenues of at least $50,000 USD or CD, and current-year operating revenues of at least $5 million USD or CD. Additionally, companies must be in business for a minimum of five years, and be headquartered within North America.
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SOURCE Carbonite, Inc.
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