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August 24, 2017

Carbonite buys California tech firm for $65M


Carbonite, a Boston data backup and recovery company, announced Tuesday it has acquired California-based Double-Take Software for $65 million in cash and stock.

Double-Take Software’s technology helps businesses get their data servers up and running again as soon as possible after a cyberattack or other outage. The company is a subsidiary of Vision Solutions Inc., which was purchased last year by private equity firm Clearlake Capital.

The deal included $59.75 million in cash. About $20 million…


Source: Boston Biz

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