IRVINE, CA--(Marketwire - July 26, 2010) - Today Vision Solutions, Inc. announced that it has completed the acquisition of Double-Take Software, Inc., a leading provider of recovery solutions for the rapidly growing Windows, Linux and Cloud Computing markets. The acquisition significantly expands Vision Solutions' product offerings and distribution capabilities in the Windows and open systems markets, and strengthens its prominence throughout the information availability marketplace.
"This is an extremely important event for Vision, Double-Take and the clients we serve," says Vision Solutions' President and CEO Nicolaas Vlok. "Independently, each company has been a respected industry leader in its own information availability markets. Together, we are a global leader with the capability to serve companies -- whatever the size, location or sector -- with a competitive portfolio across major IT platforms. Among the many benefits for customers and partners is the ability to cross-pollinate ideas and technologies across our combined development and services teams."
Backed by private equity investor Thoma Bravo, Vision's acquisition of Double-Take Software marks its third strategic transaction in the information and high availability marketplace since November, 2006 when it merged with iTera, Inc. Vision later acquired Lakeview Technology in June, 2007.
"We're excited to partner with Vision Solutions to create the clear industry leader for the IBM Power Systems, Windows and open systems information availability markets. Adding Double-Take's class-leading range of solutions to Vision's family of products will create the broadest and most innovative portfolio of information availability technology globally," says Scott Crabill, managing partner at Thoma Bravo, the private equity company behind Vision Solutions.
Nearly doubling in size, the expanding organization now includes one of the world's largest development, services and customer support centers for information availability software. These resources, including one of the most established global partner networks, provide unprecedented coverage for customers of all sizes and geographies.
"We're fortunate to be bringing together some of the best minds and intellectual property in the information availability industry," says Alan Arnold, chief technology officer and executive vice president of Vision Solutions. "This enables us to consistently bring to market important new enhancements and technologies that address customer needs."
Vision Solutions' partners are welcoming the opportunity to expand their businesses with a competitive portfolio of top-tier availability brands for IBM i, AIX, Windows and Linux, and industry analysts have been positive about the growing organization as well. "The coming together of Vision Solutions and Double-Take Software gives Avnet access to a suite of best-in-class information availability products for major platforms which support our VirtualPath® and StoragePath™ solutions," said Gavin Miller, vice president of Technology Infrastructure Solutions for Avnet Technology Solutions, Americas. "This acquisition provides Avnet and its partners with a great opportunity to work with a single vendor and expand our existing relationship."
"Vision Solutions and Double-Take are expected to see synergies in their combined business, because high availability and data-replication products are increasingly seen as key to disaster recovery -- and to planning for it," said Jean S. Bozman, research vice president of IDC's Enterprise Platforms Group. "Both types of software are essential ingredients of business continuity, as they allow re-start of applications and access to business data. Importantly, the combined company will also address a broader market than before -- with products for scalable servers, as well as for the large deployments of volume x86 servers in today's virtualized infrastructure."
"As a Vision Solutions and Double-Take customer, I see this development as a positive," says Alexander Kazakov, Deputy Head of IT Division, Raiffeisen Bank Russia, a division of the international 1.7 billion euro Raiffeisen Zentralbank. "It is an excellent opportunity for the market to receive complete data integrity solutions and services from one trusted vendor."
About Vision Solutions
Vision Solutions, Inc. is the world's leading provider of information availability software and services for Windows, Linux, IBM Power Systems and Cloud Computing markets. Vision's trusted Double-Take®, MIMIX® and iTERA™ high availability and disaster recovery brands support business continuity, satisfy compliance requirements and increase productivity. Affordable and easy-to-use, Vision products are backed by certified worldwide 24X7 customer support centers and a global partner network that includes IBM (
About Thoma Bravo, LLC
Thoma Bravo is a leading private equity investment firm that has been providing equity and strategic support to experienced management teams building growing companies for more than 29 years. The firm originated the concept of industry consolidation investing, which seeks to create value through the strategic use of acquisitions to accelerate business growth. Thoma Bravo applies its investment strategy across multiple industries with a particular focus on the software and services sectors. In the software industry, Thoma Bravo has completed more than 50 acquisitions across 15 platform companies with total annual earnings in excess of $700 million. For more information on Thoma Bravo, visit www.thomabravo.com
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