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SOUTHBOROUGH, Mass., Aug 10, 2007 (BUSINESS WIRE) --
Double-Take Software, Inc. (NASDAQ: DBTK) announced today the pricing of its public offering of shares of its common stock at $16.00 per share (before underwriting discounts and commissions). The offering is expected to close on August 15, 2007.
The 2,790,000 shares being sold in the offering consist of 100,000 shares being sold by the Company and 2,690,000 shares being sold by certain stockholders of the Company. Total net proceeds to the Company will be approximately $1.0 million, after deducting underwriting discounts and commissions and estimated offering expenses. The Company will not receive any of the proceeds from the sale of common stock held by the selling stockholders. The Company and a selling stockholder have granted the underwriters a 30-day option to purchase up to an additional 418,500 shares at the public offering price to cover over-allotments, if any.
Thomas Weisel Partners LLC and Cowen and Company, LLC are acting as joint book-running managers, with CIBC World Markets Corp., Needham & Company, LLC, Canaccord Adams Inc. and JMP Securities LLC acting as co-managers. A copy of the prospectus relating to these securities may be obtained, when available, from Thomas Weisel Partners at One Montgomery Street, Suite 3700, San Francisco, California 94104, or Cowen and Company at 1221 Avenue of the Americas, New York, New York 10020. The prospectus is also be available on the Securities and Exchange Commission website at http://www.sec.gov.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities, in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Any offer or sale will be made only by means of the written prospectus forming part of the effective registration statement.
About Double-Take Software, Inc.
Headquartered in Southborough, Massachusetts, Double-Take(R) Software (NASDAQ: DBTK) is a leading provider of affordable software for recoverability, including continuous data replication, application availability and system state protection. Double-Take Software products and services enable customers to protect and recover business-critical data and applications such as Microsoft Exchange, SQL, and SharePoint in both physical and virtual environments.
SOURCE: Double-Take Software, Inc.
Double-Take Software, Inc. S. Craig Huke, 317-572-1857 Chief Financial Officer investor@doubletake.com or Sapphire Investor Relations, LLC Erica Mannion, 212-766-1800 Investor Relations investor@doubletake.com
Copyright Business Wire 2007
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