A carve-out is a subsidiary of a larger company, which is legally and operationally independent from the parent company. We have been specializing in data archiving for over 15 years. This can be the case due to carve-outs as well as for reasons of complete system shutdown. A proven and standardized archiving process ensures successful project implementation
Source: https://avendata.com/blog/carve-out-definition-meaning-and-process