Thoma Bravo reported ownership of 1,522,369 shares (6.9%), after buying them from Oct. 8 through Dec. 1 at prices ranging from $6.08 to $7.65.

From Barron's 7-9-07:

Outperform - Price 16.41 on July 2
by Pacific Crest
"Public since December 2006, Double-Take Software is well-positioned in the Windows-replication market with its patented architecture and unique filtering technology with real-time, byte-level replication, and it should sustain 25% or better revenue growth for at least the next three years, in our view. Our 12-month price target of 20 is based on 27 times our 2008 EPS estimate of 75 cents. This is a reasonable multiple, relative to Double-Take's revenue growth prospects and our forecast of profits doubling over the next two years. We are modeling a compound annual revenue growth rate of 27% over the next two years, which would equate to a PEG [price-to-earnings-growth] ratio of 1 times. Additionally, Double-Take has a strong balance sheet, with net cash in excess of $2 per share from the initial public offering proceeds. Market and macroeconomic conditions could interfere with the realization of this price target, as could risks such as competing against larger [rivals] with greater resources such as EMC, Symantec and Network Appliance; Windows exclusivity; dependence on top five partners that account for over 50% of its sales."

Double-Take's software protects and recovers critical data and applications for business, focusing on the Windows server sub-segment of the replication market, which is projected to grow at a 25% compound annual growth rate through 2010. Oberweis likes this recent IPO's rapid sales growth and its blue chip customer roster, which includes Microsoft, Dell and Hewlett-Packard.

excellent potential in a field that has extremely super potential storage and reinstating data

Growth

They have an excellent product and the new products in the pipe will do a lot for the company. With the class of their products I wouldn't be surprised if Microsoft picked them up.