Double-Take® Software (NASDAQ: DBTK) today announced the acquisition of TimeSpring®, a continuous data protection software company. The acquisition bolsters Double-Take Software's protection and back-up capabilities for virtualized and physical server environments. Double-Take Software will integrate TimeSpring's unique abilities to create any-point-in-time application consistent recovery points into its suite of product offerings.

"We feel TimeSpring offers the best point-in-time recovery capabilities in the market and we are thrilled that Double-Take Software has selected us to extend its protection and recovery portfolio," said Rick Carlson, CEO of TimeSpring.

With this acquisition, Double-Take Software broadens its overall recovery strategy. Today business customers use Double-Take continuous data replication to instantly recover the most recent version of their data, applications and operating system. Adding TimeSpring to the Double-Take suite of products, the company extends its recovery approach beyond disaster recovery for catastrophic failures, to operational recovery, such as recovering from routine human errors. TimeSpring enhances Double-Take to perform granular, or item-level recoveries, from any point in time. The combination of Double-Take continuous replication with TimeSpring's Any-Point-In-Time capabilities allows IT administrators the ability to "rewind" and "fast-forward" the data on the server and recover to the moment before an unwanted change.

The granularity of operational recovery extends to the application-level, which allows users to see application data in native format so they can easily recover from any point in time. The product's application awareness allows administrators to determine application consistency points which further enable their ability to achieve superior operational recovery. This combined technology also impacts how IT managers protect and recover specific applications as follows:

• Microsoft SQL - Recover SQL databases from multiple points in time.
• Microsoft SharePoint Services - Rewind through multiple versions of a SharePoint site directly from within a browser and recover items simply by dragging and dropping them from an older version of the site to the latest version.
• Microsoft Exchange - Access to item-level recovery capabilities allowing for quick recovery of entire Exchange mailbox databases or individual mail items, calendar appointments and even Outlook tasks.

 

"In addition to acquiring TimeSpring's patented technology, Double-Take Software is excited to be adding the Montreal-based company's employees to its roster," said Dean Goodermote, CEO of Double-Take Software. "TimeSpring's engineering expertise, specifically in the area of file systems and application level recovery, fits extremely well into Double-Take Software's core capabilities as does its product design into our architecture. This strategic acquisition aligns well with Double-Take Software's existing and future products," Goodermote added.

The transaction was structured as a purchase of 100% of the outstanding shares of TimeSpring, for a total cash purchase price of approximately $8.3M plus transaction costs, subject to certain customary post-closing adjustments.