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Levi & Korsinsky, LLP Investigates Possible Breach of Fiduciary Duty by the Board of Double-Take Software, Inc.

NEW YORK, May 18, 2010 (GLOBE NEWSWIRE) -- Levi & Korsinsky is investigating the Board of Directors of Double-Take Software, Inc. ("Double-Take Software" or the "Company") (Nasdaq:DBTK) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to sell the Company to Vision Solutions, Inc., a portfolio company of private equity firm Thoma Bravo, LLC. Under the terms of the transaction, Double-Take Software shareholders will receive $10.55 in cash for each Double-Take Software share of common stock they own for a total transaction value of approximately $242 million.

The investigation concerns whether the Double-Take Software Board of Directors breached their fiduciary duties to Double-Take Software stockholders by failing to adequately shop the Company before entering into this transaction and whether Thoma Bravo is underpaying for Double-Take Software shares, thus unlawfully harming Double-Take Software stockholders. In particular, Double-Take Software stock traded in excess of $10.55 per share as recently as January 19, 2010 (before the Company announced the receipt of indications of interest on April 12, 2010), at least one analyst set a price target for Double-Take Software stock at $12.00 per share and the median target set by analysts is $11.00 per share.

If you own common stock in Double-Take Software and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at or by telephone at (212) 363-7500 or visit

Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation.

CONTACT:  Levi & Korsinsky, LLP
          Joseph Levi, Esq.
          Eduard Korsinsky, Esq.
          (212) 363-7500
          Fax: (212) 363-7171

          30 Broad Street - 15th Floor
          New York, NY 10004
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