Vision Solutions to Acquire Double-Take for $242 Million

 
 
By Chris Preimesberger  |  Posted 2010-05-17 Email Print this article Print
 
 
 
 
 
 
 

Vision Solutions makes disaster recovery and system management software specifically for IT systems that run IBM Power servers and storage arrays. Double-Take produces software for data recoverability in Microsoft data center environments.

Consolidation isn't just happening to servers and storage arrays inside the data center. It keeps making news in the data storage business overall.

Vision Solutions, which makes disaster recovery and system management software specifically for IT systems that run IBM Power servers and storage arrays, announced May 17 that it is buying Double-Take Software for $242 million in stock and cash.

The transaction, already approved by Vision's board of directors, is expected to be sanctioned by vote of Double-Take shareholders.

Under the terms of the agreement, Double-Take stockholders will receive $10.55 in cash for each share of Double-Take common stock they hold, a 21 percent increase to Double-Take's closing share price of $8.71 on April 9, 2010.

Double-Take makes software for data recoverability in Microsoft data center environments, including continuous data replication, application availability and system state protection, for Exchange, SQL and SharePoint applications in physical and virtual systems.

The Southborough, Mass.-based company has about 19,000 customers worldwide, ranging from SMBs to several Fortune 500 enterprises.

News of the merger will be of interest to thousands of IT managers worldwide who run systems using IBM hardware, software and services and Microsoft business applications.

"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," said Nicolaas Vlok, president and CEO of Vision Solutions, in a prepared statement.

"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."

Privately held Vision Solutions is owned by Thoma Bravo LLC and based in Irvine, Calif.

This storage-related acquisition is the fifth thus far this year in the industry.

In April, NetApp acquired object storage provider Bycast; in February, Iron Mountain picked up data archiver Mimosa Systems and SSD maker Micron bought Numonyx; and in January, SolarWinds acquired Tek-Tools' storage management division.

 


 
 
 
 
Chris Preimesberger Chris Preimesberger was named Editor-in-Chief of Features & Analysis at eWEEK in November 2011. Previously he served eWEEK as Senior Writer, covering a range of IT sectors that include data center systems, cloud computing, storage, virtualization, green IT, e-discovery and IT governance. His blog, Storage Station, is considered a go-to information source. Chris won a national Folio Award for magazine writing in November 2011 for a cover story on Salesforce.com and CEO-founder Marc Benioff, and he has served as a judge for the SIIA Codie Awards since 2005. In previous IT journalism, Chris was a founding editor of both IT Manager's Journal and DevX.com and was managing editor of Software Development magazine. His diverse resume also includes: sportswriter for the Los Angeles Daily News, covering NCAA and NBA basketball, television critic for the Palo Alto Times Tribune, and Sports Information Director at Stanford University. He has served as a correspondent for The Associated Press, covering Stanford and NCAA tournament basketball, since 1983. He has covered a number of major events, including the 1984 Democratic National Convention, a Presidential press conference at the White House in 1993, the Emmy Awards (three times), two Rose Bowls, the Fiesta Bowl, several NCAA men's and women's basketball tournaments, a Formula One Grand Prix auto race, a heavyweight boxing championship bout (Ali vs. Spinks, 1978), and the 1985 Super Bowl. A 1975 graduate of Pepperdine University in Malibu, Calif., Chris has won more than a dozen regional and national awards for his work. He and his wife, Rebecca, have four children and reside in Redwood City, Calif.Follow on Twitter: editingwhiz
 
 
 
 
 
 
 

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