Carbonite, Inc. (NasdaqGM:CARB) entered into a stock purchase agreement to acquire Double-Take Software, Inc. from Vision Solutions Inc. for $65.3 million on January 31, 2017. Out of total consideration, $59.8 million was paid in cash out of which $0.9 million is held in escrow and the remaining amount of consideration was paid by the issuance of 0.33 million shares of Carbonite. The consideration is subject to adjustment. The transaction will be financed through cash on hand of $20.6 million and revolving credit facility through Silicon Valley Bank of $39.2 million. David M. Smith of Stradling Yocca Carlson & Rauth, P.C. and Mehdi Khodadad of Cooley LLP acted as legal advisors for Vision Solutions. Susan E. Pravda of Foley & Lardner LLP acted as legal advisors while Barclays acted as financial advisor for Carbonite. Shea & Company acted as financial advisor for Vision Solutions, Clearlake Capital and Double-Take Software. Kelsey Shively of Weber Shandwick acted as public relation advisor for Carbonite. Carbonite, Inc. (NasdaqGM:CARB) completed the acquisition of Double-Take Software, Inc. from Vision Solutions Inc. on January 31, 2017.