Andrew Keenan recognized for leading two major equity rounds, sound financial management, and recurring-revenue business model

BOSTON, July 27, 2010 — / — Carbonite, a leading provider of online backup, announced today that its CFO, Andrew Keenan, was honored at the Boston Business Journal’s CFO of the Year event, July 14.

Keenan has kept Carbonite on a rapid growth path, leading two major equity rounds and has mastered the financial management of the company’s recurring-revenue business model. As a result, fiscal year budgets have been completed at 100 percent of plan or higher each year.

Keenan has a proven track record of successful IPOs during a 25-year career of hands-on experience providing comprehensive finance and operations support to a diverse range of high-growth companies. As Carbonite continues its rapid growth, Keenan and his team will play a critical role in enabling the company to realize its potential.

“I’m grateful to be named a CFO of the year by Boston Business Journal and I take great pride in our team’s accomplishments,” said Keenan. “It is a thrill to do what I love for a company as innovative as Carbonite.”

The BBJ also honored 10 local CFOs at the event:

  • F. Gorham Brigham Jr. Lifetime Achievement Award – Alan Faber, Accounting Management Solutions
  • Lisa Costantino, EMD Serono
  • Kyle Gendreau, Samsonite LLC
  • Evelyn Barnes, City Year Inc.
  • Donella Rapier, Partners in Health
  • Phil Shapiro, Babson College
  • Julie Bradley, Art Technology Group Inc.
  • Jim Kelliher, LogMeIn Inc.
  • Charles Wagner, Millipore Corp.
  • Vic Pierni, Pyxis Mobile

“With so much financial talent in the region, we feel it is important to create a platform to recognize the best and brightest in finance,” said Chris McIntosh, publisher of the BBJ.

Carbonite launched its online backup service in 2006. Over the past year, Carbonite has expanded its Remote File Access features beyond computers to offer access on mobile devices including iPhone®, iPod Touch® and BlackBerry® smartphone devices. Additionally, the company has received accolades in 2009 as a WebWare 100 winner and recipient of the Mass Technology Leadership Council Award.

About the Boston Business Journal

The Boston Business Journal is Greater Boston’s leading source of business news, information and events, reaching readers through the weekly print publication, the website and e-mail products. The BBJ also prints the annual Book of Lists — the region’s top resource for business decision-makers seeking information about potential clients, suppliers and partners.

The Boston Business Journal is published by American City Business Journals, the nation’s largest publisher of metropolitan business news.

About Carbonite:

The Carbonite industry-first offer of unlimited online backup service for a flat, low price revolutionized the market for consumer and small business backup services. Since 2006, the company has backed up more than 39 billion files and has restored more than 3.2 billion lost files for its customers. Carbonite backs up more than 100 million files every day to high-redundancy storage servers in its Boston and Somerville, Mass. data centers.

The Carbonite mission is to provide a simple, affordable, and secure backup solution for the mainstream computer user. Carbonite supports both the Windows and Mac platforms.  Carbonite is available directly at, and through international distributors. For more information, please visit

SOURCE: Carbonite

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