Carbonite overpowers Double-Take Software for $65 Million. This acquisition enhances Carbonite’s existing suite of data protection solutions for SMBs with HA technology that minimizes downtime.
Double-Take HA solutions is working as a trusted one by businesses for more than two decades to protect them from the costs and consequences of unplanned downtime and data loss. Available for both Windows and Linux, solutions offered by Double-Take help keep businesses running in the face of increasing cyber-threats, disasters, and technology failures.
Accompanying with Carbonite’s portfolio of cloud and hybrid backup and DR solutions, Carbonite will now address the data protection needs and uptime requirements of all SMBs.
Phil Goodwin, Research Director of IDC said in a statement, “Persistent and emerging IT threats, such as hardware or software failures, cyber attacks and malware, continue to expose businesses to data loss and downtime.” He further added, “We estimate that businesses can lose hundreds of thousands of dollars due to unplanned downtime. IT organizations need the ability to protect and recover data instantly, rather than in hours or days, to avoid irreparable business damages.”
In a statement, Mohamad Ali, President and CEO, Carbonite said, “Carbonite data protection solutions are designed to meet the real needs of businesses today, from the mid-sized company with a global footprint to the single small office.”
He further added, “Our current solutions support scenarios ranging from simple file restore to failover, and with the addition of Double-Take HA, we can now extend those scenarios to active recovery in near real-time, minimizing any downtime and the associated loss of productivity and revenue.”
Anthony Folger, CFO, Carbonite explained, “The fourth quarter was a great end to a strong year as we consistently delivered financial and operating results that were ahead of expectations in 2016. I am very pleased with our performance this year, which creates the foundation for further top line growth, profitability and free cash flow generation in 2017.”