{"id":566623,"date":"2010-05-17T10:56:00","date_gmt":"2010-05-17T14:56:00","guid":{"rendered":"http:\/\/www.xconomy.com\/?p=80329"},"modified":"2010-05-17T10:56:00","modified_gmt":"2010-05-17T14:56:00","slug":"double-take-acquired-for-242m","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/566623","title":{"rendered":"Double-Take Acquired for $242M"},"content":{"rendered":"\n
deals<\/a>, Software<\/a>, acquisitions<\/a><\/div>\n

\t\tErin Kutz wrote:<\/strong><\/p>\n

Double-Take Software<\/a> (NASDAQ: DBTK<\/a>), a Southborough, MA-based maker of software for data protection and recovery, announced<\/a> it will be acquired by Vision Solutions<\/a>, an Irvine, CA-headquartered portfolio company of private equity firm Thoma Bravo. The deal has a net value of about $242 million and puts Double-Take common stock at $10.55 a share, a 21 percent premium over its closing share price of $8.71 on April 9, which was the last business day before the company’s board announced its interest in acquisition options. It’s expected to close in third quarter 2010, pending shareholder approval and other customary closing conditions. We wrote about Double-Take a few years back when it announced pricing for its planned public offering<\/a>, and when it acquired data-protection software maker TimeSpring, for $8.3 million in cash<\/a>.<\/p>\n

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deals, Software, acquisitions Erin Kutz wrote: Double-Take Software (NASDAQ: DBTK), a Southborough, MA-based maker of software for data protection and recovery, announced it will be acquired by Vision Solutions, an Irvine, CA-headquartered portfolio company of private equity firm Thoma Bravo. The deal has a net value of about $242 million and puts Double-Take common stock […]<\/p>\n","protected":false},"author":1661,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7,10],"tags":[],"class_list":["post-566623","post","type-post","status-publish","format-standard","hentry","category-news","category-software"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/566623","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1661"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=566623"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/566623\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=566623"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=566623"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=566623"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}