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Replication software maker Double-Take's purchase of Canadian CDP startup TimeSpring could prove to be one of the best small M&A deals of 2007 -- or not, depending on your perspective.
Double-Take closed the acquisition of Montreal-based TimeSpring for $8.3 million in cash on December 26. All 15 employees, most of them engineers, will be retained in their Quebec headquarters, and TimeSpring's CEO/CTO Rick Carlson, who's been with the firm for nine years, will stay on through the transition period.
On a conference call with financial analysts Wednesday, Double-Take's CEO, Dean Goodermote, cited the following reasons for buying TimeSpring:
Goodermote stressed that with the addition of a TimeSpring's software, sold as an add-on to Double-Take's products, customers will now have more granularity in the data retrieval process. He hopes to start making money from the new option in about six months.
Up to now, Double-Take has claimed to have "byte-level continuous replication." The catch is, you can't get back anything but "the most recent version" of data, applications, and operating systems. With TimeSpring, customers could get more specific. They could retrieve SQL databases from multiple points in time; search SharePoint versions to retrieve specific items; or access individual emails in Exchange.
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