Stock Alert for Double-Take Software Inc. Issued by MicroStockProfit
May 18 2010 - 4:50AM
MicroStockProfit.com announces an investment report featuring
Double-Take Software Inc. (Nasdaq:DBTK). The report includes
financial, comparative and investment analyses, and industry
information you need to know to make an educated investment
decision.
The full report is available at:
www.microstockprofit.com/ads/DBTK
Double-Take Software Inc. (DBTK) develops, sells and supports
software that allows information technology (IT) organizations of
all sizes to move, manage, protect and recover workloads across any
distance and any combination of physical and virtual server
environments. During the year ended December 31, 2009, in addition
to Double-Take Availability, it integrated its software offerings
under the Double-Take brand by releasing Double-Take Backup, which
includes the TimeData, Livewire and Cargo products, Double-Take
Flex, which includes the emBoot products and enables multiple
desktops to run from a centralized shared image stored on any
Internet small computer systems interface (iSCSI) storage, and
Double-Take Move, which includes its migration product. The Company
sells its software through multiple channels.
Message Board Search for DBTK:
http://www.boardcentral.com/boards/DBTK
In the report, the analyst notes:
"Total revenue for the first quarter of 2010
increased 3.9% to $18.9 million from $18.2 million in the first
quarter of 2009. Software revenue increased 6.8% to $8.2 million in
the first quarter of 2010 from $7.7 million in the first quarter of
2009. Maintenance and professional services revenue increased 1.8%
to $10.6 million in the first quarter of 2010 from $10.4 million in
the first quarter of 2009.
"DBTK recently agreed to be acquired by private-equity firm
Thoma Bravo LLC, in a transaction worth approximately $242 million.
Under the terms of the agreement, DBTK stockholders will receive
$10.55 in cash for each share of DBTK common stock they hold,
representing a premium of approximately 39% and 21% to DBTK's
enterprise value and closing share price of $8.71, respectively, on
April 9, 2010, the last business day prior to the Company's
announcement that its board was considering indications of interest
to acquire the Company."
To read the entire report visit:
www.microstockprofit.com/ads/DBTK
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nothing contained in any materials should be construed as a
recommendation to buy or sell any securities. MicroStockProfit.com
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Please read our report and visit our Web site,
MicroStockProfit.com, for complete risks and disclosures.
CONTACT: MicroStockProfit.com
Brian Johnson
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