Double-Take Sets Terms

Double-Take Software Inc., a Southborough, Mass.-based provider of software for reducing downtime of business-critical systems, has set its proposed IPO terms to 7.5 million common shares being offered at between $9 and $11 per share. It plans to trade on the Nasdaq under ticker symbol DBTK, with Cowen & Co. and Thomas Weisel Partners serving as co-lead underwriters. Shareholders include ABS Capital Partners, J&W Seligman & Co. and Lake Street Capital. www.nsisoftware.com