Carbonite announces distribution agreement with SYNNEX Carbonite (CARB) has expanded its distribution network through an agreement with SYNNEX (SNX). The agreement allows SYNNEX' CLOUDSolv group to distribute Carbonite's platform of affordable, secure and easy-to-use market-leading cloud backup solutions for small to medium-sized businesses. SYNNEX is one of the first distributors to offer Carbonite's plans to their extensive reseller base. SYNNEX now offers Carbonite's full line of data backup and recovery products.
Carbonite announces $20M share repurchase program Carbonite announced that its board has authorized a share repurchase program for up to an aggregate of $20M of the company's outstanding common stock. Pursuant to the stock repurchase program, which is designed to return value to Carbonite's shareholders, the company will repurchase shares from time to time on the open market or in privately negotiated transactions beginning on May 15, 2015 and continuing through May 15, 2018.