Arik Hesseldahl

Recent Posts by Arik Hesseldahl

Insight Ventures Leads $2 Billion Deal to Take Quest Software Private

Insight Venture Partners is having a big week. First it led a $165 million funding round for Drilling Info, a cloud-based database company serving the oil and gas industry. Today, it led a $2 billion deal to take Quest Software private; Quest is a publicly held company that specializes in IT management software products.

According to terms of the deal, shareholders will get $23 per share in cash, representing a 19 percent premium over Quest’s share price yesterday. It works out well, because Quest shares had been falling for the last 12 months. Quest shares rose by more than 21 percent, to $23.59, on the news.

The deal also calls for the current management team, led by Chairman and CEO Vinny Smith, to remain in place.


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I think the NSA has a job to do and we need the NSA. But as (physicist) Robert Oppenheimer said, “When you see something that is technically sweet, you go ahead and do it and argue about what to do about it only after you’ve had your technical success. That is the way it was with the atomic bomb.”

— Phil Zimmerman, PGP inventor and Silent Circle co-founder, in an interview with Om Malik