From correspondents in Karnataka, India, 12:25 PM IST
Quest Software, Inc. (Nasdaq: QSFT) today announced that it has acquired NetPro Computing, Inc. in a cash transaction valued at approximately $78.7 million. The acquisition of NetPro, a leading provider of Microsoft infrastructure optimization solutions, allows Quest to further extend its product portfolio to deliver a comprehensive set of products to manage complex Microsoft infrastructures. The combined product offering is expected to provide robust solutions to better migrate, manage and secure Microsoft Active Directory, Exchange, SharePoint and SQL Server environments.
“The Windows infrastructure is mission critical for almost every organization today,” said Vinny Smith, chairman and CEO, Quest Software. “Companies want products that help them get more performance and productivity from their Windows infrastructure. Our acquisition of NetPro, with its award-winning products and talented Microsoft experts, will allow us to deliver solutions our customers need to feel confident in the reliability, availability and security of their Microsoft systems.”
Executive leadership teams from both companies have collaborated on a preliminary plan for the strategic integration of the two companies’ products and employees. Key members of NetPro’s management team will remain with Quest as the two companies work to consolidate operations.
A phased integration plan to consolidate the two companies’ Microsoft development, sales, marketing and services organizations to best serve Quest and NetPro customers is being implemented. Products from both companies will continue to be developed, marketed, supported and sold while technology roadmaps and product integration points are further defined. It is expected that the technology roadmap will be disclosed on or around October 15, 2008.
“NetPro is excited to be joining Quest Software,” said Kevin Hickey, CEO of NetPro. “Quest and NetPro share the common goal of helping customers solve complex problems for better Identity Management, as well as Active Directory, Exchange, SharePoint, and SQL Server management, compliance and security. In addition, we look forward to leveraging NetPro’s Gil Kirkpatrick, and other experts from NetPro and Quest, to expand the technology scope and topics of next year’s The Experts Conference, historically produced by NetPro.”
Quest Software will discuss details of the NetPro acquisition on its Q3 earnings conference call for financial analysts, investors and the news media. Information concerning date and time of the call will be posted on Quest Software’s Web site in the Investors/IR Events section at www.quest.com.
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