Quest Software and BakBone Software Incorporated announced that they have signed a definitive agreement for Quest to acquire BakBone, a leading provider of data protection software with headquarters in San Diego, California. BakBone delivers real-time continuous data protection, deduplication, replication, disk-based and tape backup and recovery. With BakBone, Quest will acquire heterogeneous data protection technologies that complement its portfolio of solutions for virtual, database and application-level data protection including vRanger® Pro; LiteSpeed® for Microsoft SQL Server and Oracle; Recovery Manager for Microsoft Exchange; SharePoint; Active Directory; and SharePlex® for Oracle. Quest expects to pay approximately $55 million, including the payment of certain debt obligations and net of anticipated cash on hand. BakBone shareholders will receive $0.33 per common share and $1.29 per preferred share following the closing of the acquisition.
“Quest continues to innovate by delivering data protection solutions to address one of the key pain points facing every organization – the ever-expanding amount of data being created,” said Doug Garn, CEO and president of Quest Software. “Quest has a long and successful history of acquiring and building out technically strong products and development teams. BakBone meets these criteria. Our respective products are highly complementary, with minimal overlap. The value received from BakBone’s employees, technologies, partners and customers is expected to be a key benefit as we seek to expand our market share in the data protection market by building upon our core portfolio.”
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