Acquisition Mania: Quest Software Snaps Up Vizioncore
Ain’t no stopping the flurry of acquisition spree we’re witnessing lately in the virtualization space. As reported by many media already, Quest Software Inc . has completed its acquisition of Vizioncore Inc. , a provider of disaster recovery and other products for virtual infrastructure management.
Quest already took a controlling stake in the company in 2005, but now moved to snap up the remaining interests. In 2007, Quest had already broadened its virtualization product portfolio by buying Invirtus , a provider of virtual machine optimization, conversion and automation products, and Provision Networks , a provider of virtual client and desktop management solutions.
Vinny Smith, CEO of Quest, said: “We see virtualization as the next great frontier within IT. The completion of the Vizioncore acquisition along with the recent additions of Provision Networks and Invirtus to the Quest family combine to position us as one of the leading pioneers in this emerging market space.”
[Source: press release at TradingMarkets.com ]
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