Double-Take Software, Inc., a provider of recovery solutions, has entered into a definitive merger agreement to be acquired by Vision Solutions, Inc., a portfolio company of Thoma Bravo, LLC, in a transaction with valued at approximately $242 million. The Double-Take board of directors unanimously approved the agreement and has recommended the approval of the transaction to Double-Take's stockholders.
Headquartered in Southborough, Mass., Double-Take Software is a provider of software for recoverability, including continuous data replication, application availability and system state protection. Double-Take Software products and services enable customers to protect and recover business-critical data and applications such as Microsoft Exchange, SQL, and SharePoint in both physical and virtual environments.
"The offer for Double-Take Software underscores our focus to provide customers with the best information availability products and the most exceptional support and service in the industry," said Nicolaas Vlok, president and CEO of Vision Solutions. "Double-Take has built a strong worldwide information availability business, and we are excited to have its world-class employees, customers and partners join the Vision family. With our expanded resources and scale, we will increase our ability to innovate and be the solution provider our customers can count on for their information availability needs."
The transaction is expected to close in the third quarter of 2010. For more details, go here.