Apps & Software
Quest Software Buys Into Virtualization (QSFT)
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Quest Software, Inc. (NASDAQ:QSFT) has announced the acquisition of the assets of Provision Networks Inc. Provision is a privately held enterprise-grade presentation and desktop virtualization solutions provider across both physical and virtual desktops, and applications and servers. The companies’ combined products will enable Quest to extend its leadership in infrastructure management from the desktop to the datacenter. Effective immediately, Paul Ghostine, co-founder and CEO of Provision Networks, will report directly to Smith and lead this newest addition to Quest.
Provision Networks is a global provider of presentation and desktop virtualization solutions which embrace and extend the Microsoft Terminal Services platform and Virtualization Infrastructure platforms from VMware, Virtual Iron, XenSource, SWSoft, and Microsoft.
Quest Software Inc. (NASDAQ:QSFT) closed up 1.8% at $16.48, in between the $13.58 to $18.14 52-week trading range. Shares are up 0.2% at $16.51 in after-hours trading.
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Jon C. Ogg
November 12, 2007
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