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5/17/10

postheadericon Software Firm Double-Take Agrees to $242 Million Buyout

Good replication software.

 

“In late 2006, software security firm Double-Take Software (DBTK) went public at $11. While there was an initial rise in the stock, the past couple years have seen it fall to less than half that, and while it recovered somewhat, its value remains a bit below that IPO price today.

 

Now, Double-Take has agreed to a $242 million buyout from private-equity firm Thoma Bravo, which will be organizing the deal under the auspices of one of its portfolio companies, Vision Solutions, which develops availability and disaster recovery solutions for IBM (IBM) products.”

 

Link here.

 

 

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