Double-Take(R) Software (NASDAQ: DBTK), announced today the acquisition of emBoot Inc., experts in network booting technology. The acquisition follows Double-Take Software's development of full system protection and recovery technologies as well as the acquisition of CDP recovery with TimeData as key components of the company's Dynamic Infrastructure Strategy that aims to optimize, protect, monitor and recover workloads on any resource, anywhere and to any point in time.
The technology acquired with emBoot, Inc. allows organizations to easily assign and re-assign computing workloads to any available Windows or Linux physical servers or desktops or any virtual machine in their environment. IT organizations can now move those workloads around in a matter of minutes, whether it is because a disaster has occurred, a data center is moving, the company has decided to virtualize its infrastructure or an application needs more capacity.
Moving entire workloads around independent of the underlying physical or virtual hardware they are running on has been painfully complex and time consuming for IT administrators. By storing workloads on networked storage resources and making them available to physical and virtual servers on-demand, Double-Take's new solutions now make it is easy for IT administrators to move critical applications and data according to their value and desired service level agreements and to optimize the use of test, production and disaster recovery computing resources.
Not only does this create flexibility for the IT administrator, it also creates an innovative solution to minimize energy use in the data center. This technology allows the efficient use of power in a server environment by allowing standby servers to be powered off until needed for failover or full site recovery and allows greater use of diskless servers and blades.
"We see the market moving toward an increased need to liberate workloads and allow IT administrators the ability to move those workloads to meet business needs. Double-Take Software is building a suite of tools to meet those needs," said Dean Goodermote, CEO of Double-Take. "We expect to continue to expand our product offerings and our addressable markets with additional software-based solutions to optimize customers' most pressing IT infrastructure needs," continued Goodermote.
emBoot's technology is based on the rapidly growing iSCSI storage standard (Internet Small Computer System Interface).
"emBoot provides network boot products that significantly reduce the cost and complexity of administrating servers, desktops, POS terminals and embedded systems," said George Kostiuk, CEO of emBoot. "We are excited about joining the Double-Take Software team and contributing to the development of tools that allow our customers to liberate workloads, and reduce hardware and power consumption as they move to a more dynamically managed infrastructure," concluded Kostiuk.
The Company acquired emBoot, which with 5 employees is located in Mississauga, Ontario, Canada, for a total cash purchase price of $9.6 million, subject to customary terms and conditions.
The Company will discuss this announcement on its regular scheduled quarterly conference call today at 4:30 p.m. ET. A live web cast will be available on the investor relations section at www.DoubleTake.com.
If you are unable to participate in the conference call, an audio replay of the call will be available approximately two hours after the conclusion of the call and remain available until Friday, August 1, 2008 at 11:59 p.m. ET. To access the audio replay, dial 888-266-2081 or 703-925-2533 and enter pass code 1255729.
A replay of the web cast will be available on the investor relations section at www.DoubleTake.com approximately two hours after the conclusion of the call and will remain available for 90 calendar days.