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Carbonite's New CEO Plots Future After Rejecting Acquisition Proposal

Mohamad Ali talks to CRN about his move to join Carbonite, Carbonite's SMB focus, its role in the market as a cloud data-protection service provider and its decision to spurn the J2 Global acquisition proposal.

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Carbonite Stays Single

Boston-based cloud data protection provider Carbonite, which just refused a two-year attempt by Los Angeles-based cloud services firm J2 Global to purchase Carbonite for $15 per share, or a total of about $404 million, plans to stay independent.

The company said revenue for the first fiscal quarter of 2015, which ended March 31, reached $33.0 million, an increase of 13 percent over the same period last year, and that total bookings for the quarter also rose 13 percent to reach $36.9 million, an increase of 13 percent year-over-year. And while GAAP loss for the quarter reached $6.2 million, up from last year's $1 million loss, the company is staking its future on what it calls its fast-growing SMB business.

Mohamad Ali, Carbonite's new president and CEO, recently sat down with CRN to discuss the company's prospects, the growth of its SMB market and channel, and its long pursuit by J2 Global.

 
 
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