As of September 30, 2016, the company had $49.1 million cash and cash equivalents (Unaudited).
Double-Take had originally been taken private for $242 million in 2010, so Carbonite paid a fraction of that price for the deal.Ĭarbonite funded $20.55 million of the cash portion of the deal via cash on hand.
#Doubletake availability pricing software
The company provides software that helps enterprises reduce their downtime for Microsoft ( MSFT)-based server environments as well as Linux and VMware ( VMW) ESX operating systems.īelow is a brief explainer video about the company's disaster recovery protection system:Ĭompetitors to the company's software are too numerous to mention here, but include:Īcquisition Terms, Rationale and Commentaryĭeal consideration was $65.25 million, composed of $59.75 million in cash and $5.5 million in Carbonite stock.
Irvine, California-based Double-Take was founded in 1991 as NSI Software, changed its name in early 2006, went public in late 2006, and was acquired by current seller Vision Solutions, which is a portfolio company of private equity firm Thoma Bravo. The technology and sales team integration will take 12 months before investors know how well the acquisition may pay off for Carbonite. The acquisition is valued at 2.6x forward bookings, so appears to be a good deal for Carbonite to expand its available market and offerings to cross-sell into. Data protection company Carbonite ( NASDAQ: CARB) announced that it has acquired Double-Take Software for $65.25 million in cash and stock.
0 kommentar(er)
