Vision Solutions Completes Double-Take Buy

Irvine-based Vision Solutions said today that it has completed its acquisition of Double-Take Software, which develops high availability and disaster recovery software. The deal was worth $242M. Vision Solutions said the buy "significantly expands" its product offerings and distribution capabilities. Vision Solutions is backed by private equity firm Thoma Bravo, and is the third major acquisition for Vision. Vision Solutions said the acquisition nearly doubles the size of the firm's organization.