Vision to Buy Double-Take for $242 Million
May 18, 2010 Alex Woodie
Vision Solutions yesterday announced that it has entered into a definitive agreement to acquire Double-Take Software, a developer of high availability software for Windows and Linux, for $10.55 per share, or $242 million. By acquiring its partner, Vision would gain a strong foothold in the Windows and Linux HA market, to complement its strong portfolio of HA products in the IBM i/OS space.
Double-Take Software is a publicly traded company (NASDAQ ticker symbol: DBTK) that has struggled to regain its footing after the global economic crises erupted soon after its IPO in late 2006.
The company, which is based