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What: Carbonite Acquires Double-Take Software."We're impressed with Carbonite's team as well as their vision and we are confident that the acquisition of Double-Take Software will create significant value for shareholders."Ĭarbonite Acquires Double-Take Software Conference Call Details "Carbonite is a recognized leader and platform company in data protection, and the addition of Double-Take's High Availability solutions to the Carbonite portfolio makes clear strategic sense and firmly positions Carbonite to capitalize on the growing data protection opportunity," said Behdad Eghbali, Managing Partner of Clearlake Capital. Double-Take SQL Migration - Migrating and upgrading Microsoft (SQL Server).

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"Our current solutions support scenarios ranging from simple file restore to failover, and with the addition of Double-Take HA, we can now extend those scenarios to active recovery in near real-time, significantly minimizing any downtime and the associated loss of productivity and revenue."Īs part of the acquisition, Double-Take Software adds the following products to the Carbonite solution suite: "Carbonite data protection solutions are designed to meet the real needs of businesses today, from the midsized company with a global footprint to the single small office," said Mohamad Ali, President and CEO of Carbonite. IT organizations need the ability to protect and recover data instantly, rather than in hours or days, to avoid irreparable business damages." "We estimate that businesses can lose hundreds of thousands of dollars due to unplanned downtime. "Persistent and emerging IT threats, such as hardware or software failures, cyberattacks and malware, continue to expose businesses to data loss and downtime," said Phil Goodwin, Research Director at IDC. Together with Carbonite's proven portfolio of cloud and hybrid backup and disaster recovery solutions, Carbonite will now address the data protection needs and uptime requirements of all midsized and small businesses. Available for both Windows and Linux, these solutions help keep businesses running in the face of ever-increasing cyber-threats, disasters, and technology failures. Conference call details are provided below.ĭouble-Take High Availability (HA) solutions have been trusted by businesses for more than two decades to protect them from the costs and consequences of unplanned downtime and data loss. ET today, Januto discuss the acquisition. The company is hosting a conference call at 5:30 p.m. Barclays acted as financial advisor to the company. The transaction closed on January 31, 2017.

Of the $59.75 million in cash, $20.55 million was funded with cash on hand and $39.2 million was funded through a revolving credit facility at Silicon Valley Bank. The aggregate purchase price for Double-Take Software was $65.25 million, comprised of $59.75 million in cash and $5.5 million in Carbonite common stock, representing approximately 332,000 shares.

#Carbonite support phone number full#

Carbonite also announced preliminary fourth quarter and full year 2016 financial results. The acquisition enhances Carbonite's existing suite of data protection solutions for small and midsize businesses (SMB) with high availability technology that significantly minimizes downtime. (NASDAQ: CARB), a leading provider of data protection solutions for small and midsize businesses, today announced it has acquired Double-Take Software, an affiliate of Vision Solutions, Inc. 31, 2017 (GLOBE NEWSWIRE) – Carbonite, Inc. Carbonite announces it has acquired Double-Take Software, an affiliate of Vision Solutions, Inc.