Carbonite Acquires Double-Take Software

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Carbonite said late Tuesday it has acquired Double-Take Software, an affiliate of Vision Solutions, Inc. and Clearlake Capital, for $65.3 million, comprised of nearly $59.8 million in cash and $5.5 million in stock, or about 332,000 shares.

The company said the deal will enhance its existing suite of data protection solutions for small and midsize businesses with high availability technology that significantly minimizes downtime.

Carbonite also said its Q4 revenue is expected to be between $53.5 million and $54 million, above the $49.1 million consensus estimate as well as above the company’s own guidance of $46.6 million to $51.6 million. Non-GAAP EPS is seen between $0.10 to $0.13, above the $0.07 to $0.11 guidance and ahead of the $0.10 consensus estimate.

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