Carbonite Files Registration Statement for Proposed Initial Public Offering

BOSTON, May 12, 2011 /PRNewswire/ -- Carbonite, Inc. ("Carbonite") today announced that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission ("SEC") relating to a proposed initial public offering of shares of its common stock. The shares of common stock to be sold in the offering are proposed to be sold by Carbonite and certain stockholders. The number of shares to be offered and the price range for the offering have not yet been determined.

The bookrunning managers of the proposed offering will be BofA Merrill Lynch and J.P. Morgan Securities LLC. Co-managers will be William Blair & Company, LLC, Canaccord Genuity Inc., Oppenheimer & Co. Inc. and Pacific Crest Securities Inc.

The offering will be made only by means of a prospectus. When available, copies of the preliminary prospectus relating to the offering may be obtained from BofA Merrill Lynch, 4 World Financial Center, New York, NY 10080, Attn: Prospectus Department or by email at dg.prospectus_requests@baml.com; or from J.P. Morgan Securities LLC, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717.

A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. The registration statement on Form S-1 may be accessed through the SEC's website at http://edgar.sec.gov.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Carbonite

Carbonite is a leading provider of online backup solutions for consumers and small and medium sized businesses. Carbonite provides easy-to-use, affordable, unlimited, and secure online backup solutions that provide anytime, anywhere access to stored files. Carbonite supports both the Windows and Mac platforms.

SOURCE Carbonite, Inc.




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