News
Quest Software Completes Acquisition of BakBone
January 2011 by Marc Jacob
Quest Software, Inc. announced the completion of its acquisition of BakBone Software Incorporated, 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.
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.
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.
