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Double-Take Acquires CDP Start-up TimeSpring for $8 Million

Double-Take Software announced the acquisition of TimeSpring, a continuous data protection software company. Double-Take Software will integrate TimeSpring's 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.

Double-Take Software

TimeSpring Software Corp. 

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