January 31, 2017
Double-Take Has Been Acquired by Carbonite
About Double-Take
- Double-Take Software, Inc., an affiliate of Vision Solutions, provides high availability, disaster recovery and migration software solutions for any physical, virtual, cloud-based environment
- The company has a strong network of channel partners and broad customer base, covering 70+ countries and ranging from SMBs to enterprises in every major vertical including Financial Services, Media and Entertainment
- The company was acquired by Vision Solutions in 2010 and is headquartered in Irvine, CA
About Carbonite
- Carbonite (NASDAQ: CARB) is a leading provider of cloud backup and restore solutions for small and mid-sized businesses
- Carbonite was founded in 2005 and is headquartered in Boston
- The company has more than 800 employees and has recovered more than 40 billion files for its customers
Sell-Side Investors
- Clearlake Capital
Sector
- Infrastructure
Subsector
- Storage Management
“The Vision Solutions team is focused and excited about the future. Now, more than ever, Vision Solutions will seamlessly serve Power Systems customers and partners through a combination of innovation, reliable support, and growth execution. Carbonite has shown an avid appreciation for the potential of the Double-Take business and technology, and we believe Double-Take customers will continue to see great success moving forward.”
Nicolaas Vlok President & CEO, Vison Solutions
Transaction Notes
- The sale and carve-out of Double-Take to Carbonite was announced on January 31, 2017
- Shea & Company served as the exclusive financial advisor to Double-Take, Vision Solutions and Clearlake Capital
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