Quest Software Completes Acquisition of BakBone
Added 19th Jan 2011Quest Software announced the completion of its acquisition of BakBone Software, a leading provider of data protection software headquartered in San Diego, California. The acquisition gives Quest additional technologies to offer data protection across heterogeneous physical, virtual and application-level environments, enabling organizations to support expanding data protection needs while simplifying data protection processes. BakBone shareholders received $0.33 per common share and $1.29 per preferred share.
"Continuous data protection is a major challenge for all organizations, as the sheer volume of data being generated continues to grow," said Doug Garn, CEO and president of Quest Software. "Adding BakBone technologies to our existing portfolio of data protection products enables Quest to deliver an integrated, best-of-breed set of solutions appropriate for all organizations - from small businesses to large enterprises. Our customers will reap the benefits, as we give them comprehensive data protection coverage at a lower total cost of ownership, and with the added bonus of world-class customer support."
The acquisition was conducted by way of a statutory plan of arrangement under the Canada Business Corporations Act. It was approved by BakBone's shareholders and the Court of Queen's Bench of Alberta. "The BakBone acquisition complements Quest Software's growing storage management portfolio, which includes products such as vRanger and LiteSpeed," said Lauren Whitehouse, senior analyst at Enterprise Strategy Group. "BakBone's technology, such as deduplication, tape media management, and backup and replication support for physical systems will enhance Quest's solutions, providing Quest a feature 'leap frog' to be competitive in heterogeneous environments."BakBone offers four products under the NetVault brand that provide continuous data protection, deduplication, replication, and disk-based and tape backup. Quest will market and sell the BakBone solutions, rebranded as Quest NetVault, as both a suite and individually available solutions. Quest NetVault will help organizations reduce the amount of data required for backups while gaining scalability and improving ease of use for administrators.
Quest will unveil its strategic roadmap for the future of the BakBone solution set and its complementary data protection solutions by the end of the first quarter of 2011.
latest news
-
Gearing IT for the Rains: What CIOs Need to Know
Here's how CIOs can prepare their organizations for monsoons, when faced by flooded basements, stranded employees, and disrupted services.
-
Why Microsoft Office for iPad is Inevitable
New reports have surfaced that Microsoft is developing Office apps for iOS and Android. If true, it's a very smart move by Microsoft.
-
Mobile Workers Work Longer Hours
Almost two-thirds of mobile employees say they are working 50 to 60 hour-plus weeks, with most working weekends too, according to research.
-
IBM: Only 16% CEOs Using Social Media to Connect with Customers
IBM says a study it did of some 1,700 Chief Executive Officers worldwide found that many indeed - or should be -- grasping social media as a key enabler of collaboration and innovation.
