Carbon60 Operating Co. Ltd.
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Carbon60 Operating Co. Ltd. - overview
Established
1999
Location
Richmond Hill, ON, Canada
Primary Industry
Internet
About
Carbon60 Operating Co. Ltd. specializes in managed hybrid cloud solutions, focusing on enhancing security, availability, and performance for a diverse range of clients across various industries. Founded in 1999, Carbon60 is headquartered in Richmond Hill, Canada.
The company provides managed cloud services tailored to specific industry needs. John W and Peter K founded the company, with John W currently serving as CEO. Carbon60 was acquired by M/C Partners in January 2019, although financial terms were not disclosed. They have completed two significant deals since inception.
Carbon60 offers a comprehensive suite of managed hybrid cloud solutions designed to enhance the security, availability, and performance of client workloads across various industries. Their core offerings include managed private cloud services powered by VMware, managed public cloud services for AWS and Microsoft Azure, and specialized solutions such as Azure Virtual Desktop and Managed Edge Cloud services. These services cater to a diverse client base, including government entities, financial services firms, healthcare organizations, and technology companies, addressing common challenges such as data security, compliance, and infrastructure management. The revenue model of Carbon60 is based on subscription-based services encompassing various cloud offerings.
Clients engage in long-term partnerships for customized solutions, paying recurring fees for the management and support of these services. Additional revenue may come from enhanced security features and compliance services, reinforcing the value of their white-glove support in ensuring high-quality service. In 2019, following the acquisition by M/C Partners, Carbon60 aims to expand its services by developing new cloud solutions tailored for emerging market needs. Specific targets include expanding their reach into the United States and Europe by 2022, leveraging the recent funding to enhance service capabilities and support infrastructure development.
Upcoming releases are expected to innovate within the managed cloud space, focusing on higher security and integration capabilities.
Current Investors
M|C Partners
Primary Industry
Internet
Sub Industries
Website Hosting, IT Infrastructure
Website
www.carbon60.com
Verticals
Cloud Computing
Company Stage
Buyout
Total Amount Raised
Subscriber access only
Carbon60 Operating Co. Ltd. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | OpsGuru Ltd. | - | ||||||||
| Add-on | Completed | Cirrus9 Inc. | - | ||||||||
| Merger | Completed | Gossamer Threads Inc. | - | ||||||||
| Secondary Buyout | Completed | Carbon60 Operating Co. Ltd. | - | ||||||||
| Growth | Completed | Carbon60 Operating Co. Ltd. | - |
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