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26 Jul 2010
Private equity-backed vendor Vision Solutions has completed its $242m (£156m) acquisition of backup and replication specialist Double-Take Software.
The acquisition, which was announced in May, was funded by private equity firm Thoma Bravo and is the third Vision has embarked upon since November 2006.
Its other buyouts have included data back up specialist iTera and disaster recovery vendor Lakeview Technology in June 2007.
Further reading
Scott Crabill, managing partner at Thoma Bravo, said the deal was part of Vision’s strategy to position itself as a leader in the Windows, IBM Power Systems and open systems markets.
“Adding Double-Take’s range of solutions to Vision’s family of products will create the broadest and most innovative portfolio of information availability technology globally,” said Crabill.
Nicolaas Vlok, chief executive of Vision, said the acquisition had transformed the vendor into a global leader with products to suit companies of all sizes.
"Independently, each company has been a respected industry leader in its own information availability markets,” said Vlok. “Together, we are a global leader with the capability to serve companies with a competitive portfolio across major IT platforms.”
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