BOSTON, Aug. 16, 2011 –/– Carbonite, Inc. (NASDAQ: CARB), a leading provider of online backup solutions for consumers and small and medium sized businesses, today announced the closing of its previously announced initial public offering of 7,187,500 shares of its common stock, which includes all 937,500 shares subject to the underwriters’ option to purchase additional shares, at a price to the public of $10.00 per share. Carbonite sold 6,303,973 shares of common stock and certain selling stockholders sold the remaining 883,527 shares of common stock. Carbonite did not receive any proceeds from the sale of shares by the selling stockholders.

BofA Merrill Lynch and J.P. Morgan Securities LLC acted as joint book-running managers for the offering. William Blair & Company, LLC, Canaccord Genuity Inc., Oppenheimer & Co. Inc. and Pacific Crest Securities Inc. acted as co-managers.

The offering was made only by means of a prospectus. Copies of the 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; or from J.P. Morgan Securities LLC, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, or by telephone at (866) 803-9204.

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.

Investor Relations Contact:
Staci Mortenson

Media Contact:
Chris Kovach
SOURCE Carbonite, Inc.

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