ArchPoint Partners Advises Portico Systems in its Sale to McKesson
ArchPoint Partners acted as sole financial advisor to Portico Systems in its sale to Mckesson. “We made the right selection in working with ArchPoint Partners in this important process” commented Ned Moore, Chief Executive Officer of Portico Systems. “Portico’s management and shareholders relied on John Cooper and his team and their extensive industry relationships and transaction experience to optimize the outcome in our sale to McKesson.”
On July 26, 2011 McKesson announced that it has completed the acquisition of Portico Systems, a leader in integrated provider management solutions. This acquisition expands McKesson’s ability to help payers efficiently and effectively utilize value-based reimbursement models and provider networks including patient centered medical homes as key building blocks for new products.
“In this age of health reform, it is imperative that payers and providers deepen their financial and clinical alignment to ensure optimal outcomes at the right cost,” said Emad Rizk, MD, president of McKesson Health Solutions. “We are excited to integrate Portico’s technology with our existing portfolio of leading payment, decision and care management tools to help organizations achieve accountable, collaborative care while reducing administrative costs.”
Dr. Rizk said, “New care delivery models are requiring the deployment of a variety of payment and reimbursement strategies within diverse networks across the country. The adoption and management of these models is complex, and matching the reimbursement scheme to the right provider network, while strategically imperative, is operationally challenging without the right technologies and automation in place.”
Portico’s technology enables healthcare organizations to design, build, service and provide value-based reimbursement to their complex provider networks. It also provides the ability to align and automate key network management activities including, provider enrollment, credentialing, contracting and pricing. When combined with McKesson’s payment and decision management tools, this technology will accelerate McKesson’s ability to help clients optimize their network performance and address these new delivery models and reimbursement challenges, including episodes of care disbursement, network steerage, complex claims pricing and incentive management.
“We have been working under healthcare reform in Massachusetts since 2006,” said Bill Fandrich, Chief Information Officer of Blue Cross Blue Shield of Massachusetts. “”The development of new network and provider payment models is a key building block of our strategic vision to make quality health care affordable, and the Portico solution is core to these new models. We see Portico’s technology as a critical enabler of our strategy as we align high value products with the unique needs of our customer segments.”
“Horizon uses both McKesson and Portico technologies today,” said Christy Bell, Executive Vice President, Horizon Healthcare Services, Inc. “McKesson now has an exciting opportunity to help enable organizations to automate the entire process of managing network and reimbursement strategies straight through pricing and claims payment, with greater accuracy and fewer feeds and hand-offs.”
Founded in 1997, Portico solutions are used by approximately 40 payer and provider networks, representing approximately 42 million covered lives. Portico Systems is exclusively focused on empowering health plans to transform the performance of their networks, while significantly reducing medical, administrative and IT costs. Its Integrated Provider Management (IPM) platform simplifies the design, maintenance, reimbursement, and performance management of provider networks, while facilitating provider-patient collaboration.
ArchPoint Partners Advises Dyadem in its Sale to IHS
IHS Inc. (NYSE:IHS), the leading global source of information and analysis, today announced it has acquired Dyadem International, Ltd., the market leader in Operational Risk Management and Quality Risk Management solutions. The company provides software and services that empower companies to discover and manage the risks to people and products in the design and manufacturing processes.
“The acquisition of Dyadem provides IHS customers with software solutions to achieve regulatory compliance and business continuity,” said IHS Chairman and CEO Jerre Stead. “Dyadem is an excellent complement to our existing Environment, Health, Safety and Sustainability business and its products strengthen our presence in this area. Dyadem’s Operational Risk Management and Quality Risk Management solutions allow us to enhance and expand solutions, products and services that our customers need.”
Dyadem provides software and services that help companies discover and manage the risks to people and products in the design and manufacturing processes through risk identification, assessment, mitigation, control, and monitoring capabilities that provide a proactive framework for managing risks and minimizing their potential impacts on organizations. Dyadem helps some of the world’s largest companies achieve regulatory compliance and business continuity, serving the oil and gas, chemical, mining, pharmaceutical, medical, automotive, electronics and aerospace and defense industries.
Dyadem is headquartered in Toronto and has offices in Houston, London and Munich.
ABOUT ARCHPOINT PARTNERS
ArchPoint Partners is an independent investment banking firm focused exclusively on financial and strategic advisory services to growth companies within the technology and media sectors. For more information, visit www.archpointpartners.com.
ArchPoint Partners Advises Bloodhound in its Sale to Verisk
Verisk Analytics, Inc. (Nasdaq:VRSK), a leading source of information about risk, announced today it has closed its acquisition of Bloodhound Technologies, Inc., a premier provider of real-time pre-adjudication claims editing for healthcare payers. Based in Durham, North Carolina, Bloodhound customers include commercial health plans, state Medicaid agencies, and third-party administrators (TPAs). This acquisition further advances Verisk’s position as a major provider of data, analytics, and decision-support solutions in the healthcare industry.
Bloodhound’s payment integrity solution, ConVergence Point, is positioned to combat healthcare fraud through real-time adjudication, transparency for all participants in the claims cycle, business intelligence, and increased auto-adjudication and processing efficiencies. ConVergence Point is offered through a SaaS (Software as a Service) delivery model that is customizable and flexible across transaction systems. The platform also identifies aberrant behavior in terms of procedures, frequency of patient visits, place of service, and other pertinent data.
“Bloodhound has developed a unique solution aimed at addressing the need of healthcare payers to control fraud and waste in a real-time claims-processing environment,” said Scott Stephenson, president and chief operating officer of Verisk. “We believe these capabilities align naturally with our existing fraud identification tools and create opportunities for cross-marketing and revenue synergies while offering next-generation technologies.”
“We are delighted to join Verisk and eager to continue the growth of our business while integrating our tools with Verisk Health’s existing analytical capabilities to provide enhanced services to all customers,” said Gary Twigg, chief executive officer of Bloodhound.
The purchase price was $82 million in cash. The transaction is expected to be accretive to Adjusted EPS in 2011. Gary Twigg, who has headed Bloodhound since 2002, will continue to lead the company and its integration into Verisk’s healthcare solutions. Prior to joining Bloodhound, he spent 10 years with companies providing contract services to federal and state governments and led the development of the first large-scale information system developed for the Food and Drug Administration. Additionally, Mr. Twigg spent 15 years pioneering medical claims auditing for the property/casualty industry.
ArchPoint Partners Advises SofTechnics in its Acquisition by RedPrairie
RedPrairie Corporation, a productivity solutions provider, announced today that it has finalized the acquisition of SofTechnics, a leading provider of integrated retail enterprise solutions that has been serving customers for more than 20 years. The acquisition merges the strengths of two highly complementary organizations, and provides a logical extension to RedPrairie’s E2eTM productivity suite. SofTechnics’ software portfolio adds mobility-enabled Store Inventory and Price Management, Intelligent Store Ordering, Direct-Store Delivery and Master Data Management to RedPrairie’s solution set.
Serving 24 of the top 75 supermarket chains in the U.S., SofTechnics is widely recognized as the leading provider of mobile price and inventory management solutions for both grocery and general retailers. The acquisition further strengthens RedPrairie’s Retail Platform with proven functionality that will benefit customers with reduced operating costs from advanced store inventory and labor management planning.
“The continued functional expansion and enhancement of our retail platform allows us to provide customers with a broader and more flexible array of solutions for the challenges they face every day,” says Mike Mayoras, RedPrairie CEO.
Adds Guy Dille, former President of SofTechnics and now Senior Vice President, Retail for RedPrairie, “Our company is proud of its successful history in retail. Joining RedPrairie allows us to draw from an even wider pool of resources to continue providing our customers with the tools for success and quality of service they have come to expect from us.”
Mayoras continues, “The SofTechnics suite of fully-integrated software solutions has helped many leading retailers manage inventory, reduce operating costs, improve business operations and dramatically increase productivity. Their experience in the retail vertical will provide a new wealth of knowledge to RedPrairie’s already-successful operations within this space.”
For a more in-depth view on what this acquisition means for existing and prospective RedPrairie and SofTechnics customers, visit www.redprairie.com/SofTechnics.
ABOUT ARCHPOINT PARTNERS
ArchPoint Partners is an independent investment banking firm focused exclusively on financial and strategic advisory services to growth companies within the technology and media sectors. For more information, visit www.archpointpartners.com.
ArchPoint Partners Advises Fieldglass on Substantial Investment from Madison Dearborn Partners
INVESTMENT TO ACCELERATE FIELDGLASS’ GLOBAL MARKET EXPANSION AND STRATEGIC DEVELOPMENT INITIATIVES
Chicago, IL—September 27, 2010—ArchPoint Partners has advised Fieldglass, Inc., the leading technology provider to procure and manage contingent labor and services in securing a substantial investment from Madison Dearborn Partners. The transaction, which values Fieldglass in excess of $220 million, validates Fieldglass’ leadership position in the growing services procurement market. Upon completion of the investment, Madison Dearborn will hold a majority ownership position in Fieldglass. Jai Shekhawat, Founder and CEO of Fieldglass, and the company’s management team will retain a significant ownership stake.
Fieldglass’ Software as a Service (SaaS) Vendor Management System (VMS) enables companies to more efficiently procure and manage contingent labor and services such as statement of work engagements, offshore projects and independent contractors across dozens of categories, which is especially critical in today’s dynamic market environment. Known for its ability to support the largest and most complex contingent workforce management and services programs, Fieldglass is recognized to have the industry’s largest installed base, and is rapidly scaling its global presence. Its clients include American Airlines, CVS Caremark, GlaxoSmithKline, Johnson & Johnson, Monsanto, and Verizon. Industry research provider Staffing Industry Analysts (SIA) predicts the use of VMS will grow dramatically in the next couple of years. According to SIA’s 2009 Annual Buyers’ Survey, VMS usage is expected to more than double to 81 percent in 2011, up from just 34 percent in 2007.
“ArchPoint Partners was critical in the negotiation, structuring and management of the transaction. Rob Louv and his team brought a significant understanding of our sector and our business that enabled us to effectively evaluate all of our strategic and financial options and optimize value for all stakeholders,” said Jai Shekhawat, Founder and CEO, Fieldglass. “We selected Madison Dearborn for its technology-enabled services portfolio and business integrity, and with its backing we will have additional flexibility to make investments in strategic development initiatives and expand globally into new markets.”
“Our focus at ArchPoint is to intelligently leverage business opportunities to optimize transactions for our clients,” said Rob Louv, Founding Partner of ArchPoint, who served as the principal advisor to the shareholders and senior management for Fieldglass. “This transaction represents an outstanding outcome for Fieldglass and we are enthusiastic about Madison Dearborn’s further expansion into technology-enabled business services.”
ArchPoint Partners acted as the financial advisor to Fieldglass throughout the transaction and Katten Muchin Rosenman LLP served as its legal counsel. Kirkland & Ellis LLP provided legal counsel to Madison Dearborn. The transaction is expected to be completed within the next couple of months.
ABOUT ARCHPOINT PARTNERS
ArchPoint Partners is an independent investment banking firm focused exclusively on financial and strategic advisory services to growth companies within the technology and media sectors. For more information, visit www.archpointpartners.com.
ABOUT FIELDGLASS, INC.
Fieldglass, Inc. provides the leading SaaS platform to procure and manage contingent workers, services such as statement of work projects, independent contractors, and specialized talent pools. The highly-configurable product suite provides transparency into the entire workforce and helps companies optimize program performance and make more strategic labor decisions.
Backed by proven experience and the industry’s largest customer base, Fieldglass serves Global 2000 firms in nearly 70 countries. Customers such as Johnson & Johnson, Monsanto, salesforce.com and GlaxoSmithKline realize greater efficiencies, control spend, improve quality and enforce compliance. For more information, visit www.fieldglass.com.
ABOUT MADISON DEARBORN PARTNERS
Madison Dearborn Partners, LLC, based in Chicago, is one of the most experienced and successful private equity investment firms in the United States. Madison Dearborn has raised over $18 billion of capital since its formation in 1992 and has invested in more than 100 companies. Madison Dearborn invests in businesses across a broad spectrum of industries, including basic industries, communications, consumer, energy and power, financial services, and health care. Its noteworthy investments include CDW, MetroPCS, Nuveen Investments, PayPal, TransUnion, Univision, and Yankee Candle. For more information, please visit www.mdcp.com.
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Quest Software Catapults into Private Cloud Automation Market with Acquisition of Surgient
LEADING SOLUTION FOR CLOUD AUTOMATION WILL BECOME PART OF QUEST SOLUTIONS FOR DESKTOP AND SERVER VIRTUALIZATION MANAGEMENT
Aliso Viejo, CA—July 2010—Quest Software, Inc. (Nasdaq: QSFT) today announced that it had entered into a definitive agreement to acquire privately held Surgient, Inc., a provider of private cloud automation software. The Austin, Texas-based company’s Surgient Platform enables organizations to deploy and manage secure cloud infrastructures to gain business agility and reduce costs. With the Surgient Automation Platform, organizations can create robust and secure infrastructure-as-a-service (IaaS) clouds that may be shared across the organization. The acquisition is subject to customary closing conditions and is expected to close during the third quarter of 2010.
“Quest has a proven track record of acquiring companies with exceptional technologies that eliminate barriers to entry for organizations,” said Doug Garn, CEO and president of Quest Software. “Since 2003, Surgient has developed an impressive array of patented technologies and products, developed by some of the brightest people in the industry. When the acquisition is complete, our customers will have the platform they need to not only quickly implement private cloud infrastructures, but also support them effectively with the best management solutions in the industry.”
Private cloud computing is emerging as a fundamental requirement for businesses. According to a recent IDC survey, 73 percent of all organizations are evaluating, planning or have already implemented private cloud strategies(1). As a leading provider of cloud automation solutions, Surgient provides a patented and proven technology that supports heterogeneous hypervisor environments and diverse customer environments including mid-market, enterprise and managed service providers. Surgient has more than 60 customers with 160 successful deployments.
“Demand for workload and server automation tools is growing rapidly and will top $1 billion by 2014,” said Mary Johnston Turner, IDC research director for Enterprise Systems Management. “Increased use of virtualization and plans for private cloud data centers are creating the need for dynamic workload migration and system provisioning solutions that can react to real time application and business service performance requirements. The combination of Quest’s Foglight, Vizioncore, and Surgient technologies will offer customers a number of key private cloud data center management building blocks.”
As the largest independent software vendor in virtualization management solutions, with more than 20,000 customers, Quest seeks to enrich its customers’ virtualization and cloud implementations with data protection, monitoring, administration, and desktop virtualization solutions to reduce administration costs, and make more efficient use of virtualized computing resources. The acquisition of cloud automation provider Surgient, will uniquely position Quest to deliver products and services that add value for customers by enabling rapid, affordable deployment of private clouds, thus allowing customers to fully leverage their investments in virtualization without the risk.
(1) IDC, Worldwide Enterprise Server Cloud Computing 2010-2014 Forecast, Doc.# 223118, Apr 2010.
About Quest Software, Inc. Now more than ever, organizations need to work smart and improve efficiency. Quest Software creates and supports smart systems management products – helping our customers solve everyday IT challenges faster and easier. Our innovative solutions for application monitoring, database management, Windows management and virtualization management help customers achieve better results, faster. Visit www.quest.com for more information.
Quest, Quest Software, and the Quest logo are trademarks or registered trademarks of Quest Software in the United States and certain other countries. Other trademarks and registered trademarks are property of their respective owners.
FORWARD LOOKING STATEMENTS
This press release includes predictions, statements and other information relating to our acquisition of Surgient, Inc. that might be considered forward-looking statements. These forward-looking statements relate, but are not limited, to the combination of Surgient technologies with Quest product offerings, the capabilities of such technologies and offerings and future benefits to Quest customers. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially from those anticipated as a result of various factors, including: reductions or delays in information technology spending; adverse changes in general economic or market conditions; our ability to successfully integrate Surgient personnel, products and technologies into Quest product offerings; risks associated with foreign operations; competitive factors, including industry consolidation, entry of new competitors into the IAM market, and new product and marketing initiatives by our competitors; our ability to retain existing personnel and recruit and retain qualified personnel; and other risks described from time to time in Quest’s filings with the SEC. For a discussion of these and other related risks, please refer to our recent SEC filings, including our Annual Report on Form 10-K for the year ended December 31, 2009, which are available on the SEC’s website at www.sec.gov. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date thereof. We undertake no obligation to update forward-looking statements to reflect events or circumstances after the date thereof.
CONTACTS
Editorial Contact:
Ken Montgomery
949-754-8633
ken.montgomery@quest.com.
Investor Contact:
Stephen Wideman
949-754-8142
stephen.wideman@quest.com.
ArchPoint Partners Advises INPUT in its $60M Acquisition by Deltek
San Francisco, CA – September 30, 2010 – ArchPoint Partners has advised INPUT, Inc. in its acquisition by Deltek, Inc. (Nasdaq: PROJ), the leading provider of enterprise applications software and solutions for project-focused businesses. The $60 million all-cash transaction is expected to close on October 1st, 2010. A complete press release detailing the deal is available on Deltek’s website.
“At ArchPoint our goal is combine M&A experience, domain knowledge and senior buyer access in order to optimize outcomes for stakeholders,” said Rob Louv, Founding Partner of ArchPoint, who served as the principal advisor to INPUT. “This transaction represents an excellent outcome for both INPUT and Deltek, as well as their combined customer base.”
The addition of INPUT’s industry leading opportunity intelligence and business development capabilities to Deltek’s comprehensive portfolio of government contracting solutions and its govWin network expands Deltek’s product offerings to manage all facets of the government contracting value chain from opportunity identification to project delivery.
“This partnership would have never come to fruition without the fantastic support of our advisors,” commented Peter Cunningham, Chairman of INPUT. “I would particularly like to thank Rob Louv of ArchPoint Partners, Thomas Knox of Morrison & Foerster and their staffs who have worked night and day to make this transaction possible. Their ideas, diligence and process orientation were truly outstanding.”
ABOUT ARCHPOINT PARTNERS
ArchPoint Partners is an independent investment banking firm focused exclusively on financial and strategic advisory services to growth companies within the technology and media sectors. For more information, visit www.archpointpartners.com. Securities offered through Financial Telesis Inc.; member FINRA/SIPC.
ABOUT INPUT
INPUT is the authority on government business. Established in 1974, INPUT helps companies develop federal, state, and local government business and helps public sector organizations achieve their objectives. More than 2,100 member organizations, including small specialized companies, new entrants to the public sector, and the largest government contractors and agencies, rely on INPUT for the latest and most comprehensive procurement and market information, consulting, a 30,000 strong teaming network, powerful sales management tools, and educational and networking events
ABOUT DELTEK
Deltek (Nasdaq: PROJ) is the leading global provider of enterprise applications software and solutions designed specifically for project-focused businesses and professional services firms globally. For nearly three decades, we have enabled government contractors and professional services firms to automate mission-critical business processes around the engagement, execution and delivery of projects. Over 13,000 customers use our solutions to measure business results, optimize performance, streamline operations and win new business. For more information, visit www.deltek.com.
ArchPoint Partners Advises INPUT in its $60M Acquisition by Deltek
San Francisco, CA – September 30, 2010
ArchPoint Partners has advised INPUT, Inc. in its acquisition by Deltek, Inc. (Nasdaq: PROJ), the leading provider of enterprise applications software and solutions for project-focused businesses. The $60 million all-cash transaction is expected to close on October 1st, 2010. A complete press release detailing the deal is available on Deltek’s website.
“At ArchPoint our goal is to combine M&A experience, domain knowledge and senior buyer access in order to optimize outcomes for stakeholders,” said Rob Louv, Founding Partner of ArchPoint, who served as the principal advisor to INPUT. “This transaction represents an excellent outcome for both INPUT and Deltek, as well as their combined customer base.”
The addition of INPUT’s industry leading opportunity intelligence and business development capabilities to Deltek’s comprehensive portfolio of government contracting solutions and its govWin network expands Deltek’s product offerings to manage all facets of the government contracting value chain from opportunity identification to project delivery.
“This partnership would have never come to fruition without the fantastic support of our advisors,” commented Peter Cunningham, Chairman of INPUT. “I would particularly like to thank Rob Louv of ArchPoint Partners, Thomas Knox of Morrison & Foerster and their staffs who have worked night and day to make this transaction possible. Their ideas, diligence and process orientation were truly outstanding.”
About ArchPoint Partners
ArchPoint Partners is an independent investment banking firm focused exclusively on financial and strategic advisory services to growth companies within the technology and media sectors. For more information, visit www.archpointpartners.com.
About INPUT
INPUT is the authority on government business. Established in 1974, INPUT helps companies develop federal, state, and local government business and helps public sector organizations achieve their objectives. More than 2,100 member organizations, including small specialized companies, new entrants to the public sector, and the largest government contractors and agencies, rely on INPUT for the latest and most comprehensive procurement and market information, consulting, a 30,000 strong teaming network, powerful sales management tools, and educational and networking events
About Deltek
Deltek (Nasdaq: PROJ) is the leading global provider of enterprise applications software and solutions designed specifically for project-focused businesses and professional services firms globally. For nearly three decades, we have enabled government contractors and professional services firms to automate mission-critical business processes around the engagement, execution and delivery of projects. Over 13,000 customers use our solutions to measure business results, optimize performance, streamline operations and win new business. For more information, visit www.deltek.com.
ArchPoint Partners Advises Fieldglass on Substantial Investment from Madison Dearborn Partners
INVESTMENT TO ACCELERATE FIELDGLASS’S GLOBAL MARKET EXPANSION AND STRATEGIC DEVELOPMENT INITIATIVES
ArchPoint Partners has advised Fieldglass, Inc., the leading technology provider to procure and manage contingent labor and services in securing a substantial investment from Madison Dearborn Partners. The transaction, which values Fieldglass in excess of $220 million, validates Fieldglass’ leadership position in the growing services procurement market. Upon completion of the investment, Madison Dearborn will hold a majority ownership position in Fieldglass. Jai Shekhawat, Founder and CEO of Fieldglass, and the company’s management team will retain a significant ownership stake.
Fieldglass’ Software as a Service (SaaS) Vendor Management System (VMS) enables companies to more efficiently procure and manage contingent labor and services such as statement of work engagements, offshore projects and independent contractors across dozens of categories, which is especially critical in today’s dynamic market environment. Known for its ability to support the largest and most complex contingent workforce management and services programs, Fieldglass is recognized to have the industry’s largest installed base, and is rapidly scaling its global presence. Its clients include American Airlines, CVS Caremark, GlaxoSmithKline, Johnson & Johnson, Monsanto, and Verizon. Industry research provider Staffing Industry Analysts (SIA) predicts the use of VMS will grow dramatically in the next couple of years. According to SIA’s 2009 Annual Buyers’ Survey, VMS usage is expected to more than double to 81 percent in 2011, up from just 34 percent in 2007.
“ArchPoint Partners was critical in the negotiation, structuring and management of the transaction. Rob Louv and his team brought a significant understanding of our sector and our business that enabled us to effectively evaluate all of our strategic and financial options and optimize value for all stakeholders,” said Jai Shekhawat, Founder and CEO, Fieldglass. “We selected Madison Dearborn for its technology-enabled services portfolio and business integrity, and with its backing we will have additional flexibility to make investments in strategic development initiatives and expand globally into new markets.”
“Our focus at ArchPoint is to intelligently leverage business opportunities to optimize transactions for our clients,” said Rob Louv, Founding Partner of ArchPoint, who served as the principal advisor to the shareholders and senior management for Fieldglass. “This transaction represents an outstanding outcome for Fieldglass and we are enthusiastic about Madison Dearborn’s further expansion into technology-enabled business services.”
ArchPoint Partners acted as the financial advisor to Fieldglass throughout the transaction and Katten Muchin Rosenman LLP served as its legal counsel. Kirkland & Ellis LLP provided legal counsel to Madison Dearborn. The transaction is expected to be completed within the next couple of months.
ABOUT FIELDGLASS, INC.
Fieldglass, Inc. provides the leading SaaS platform to procure and manage contingent workers, services such as statement of work projects, independent contractors, and specialized talent pools. The highly-configurable product suite provides transparency into the entire workforce and helps companies optimize program performance and make more strategic labor decisions.
Backed by proven experience and the industry’s largest customer base, Fieldglass serves Global 2000 firms in nearly 70 countries. Customers such as Johnson & Johnson, Monsanto, salesforce.com and GlaxoSmithKline realize greater efficiencies, control spend, improve quality and enforce compliance. For more information, visit www.fieldglass.com.
ABOUT MADISON DEARBORN PARTNERS
Madison Dearborn Partners, LLC, based in Chicago, is one of the most experienced and successful private equity investment firms in the United States. Madison Dearborn has raised over $18 billion of capital since its formation in 1992 and has invested in more than 100 companies. Madison Dearborn invests in businesses across a broad spectrum of industries, including basic industries, communications, consumer, energy and power, financial services, and health care. Its noteworthy investments include CDW, MetroPCS, Nuveen Investments, PayPal, TransUnion, Univision, and Yankee Candle. For more information, please visit www.mdcp.com.
ArchPoint Partners Advises Surgient in its Acquisition by Quest Software
QUEST COMPLETES ACQUISITION OF SURGIENT — FORGING POWERFUL SOLUTION FOR CLOUD AND DESKTOP AND SERVER VIRTUALIZATION
Company Will Unveil Cloud and Virtualization Roadmap at VMworld Later this Month
August 3, 2010– Quest Software, Inc. today announced the completion of its acquisition of privately held Surgient, a leader in private cloud automation software. Surgient, located in Austin, Texas, will expand Quest virtualization management capabilities by enabling organizations to automate the deployment and management of secure private cloud infrastructures to gain business agility and reduce costs.
“As a customer of Surgient, we liked the company so much we bought it,” said Doug Garn, CEO and president, Quest Software. “We are confident our customers will benefit from this impressive array of patented technologies and products, developed by some of the brightest people in the industry. We’re simplifying how our customers implement and benefit from a private cloud infrastructure with the best management solutions on the market today.”
Private cloud computing is emerging as a fundamental requirement for businesses. As a leading provider of cloud automation solutions, Surgient provides a patented and proven technology that supports heterogeneous hypervisor environments and diverse customer environments, including mid-market, enterprise, and managed service providers.
“The acquisition of Surgient puts Quest fully into the virtualization management fray,” said Bernd Herzog, analyst, Virtualization Performance and Capacity Management at industry analyst firm The Virtualization Practice. “Very soon, we expect to see the Surgient private cloud management assets combined with the full Foglight performance management assets — and the rest of the Vizioncore product suite — to create what will probably be the single most formidable third party virtualization management offering.”
Quest will continue to market and sell the Surgient cloud platform and offer customers the company’s popular Cloud Express, which provides a private cloud of 30 CPUs in 30 days. Quest will share details of its virtualization and cloud management roadmap on Aug. 31, at VMworld in San Francisco. For a full demonstration of all Quest virtualization and cloud offerings at VMworld, please visit us in Quest booths 1113 and 1213 in Moscone Center South.