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.

Latest Video

View all videos »

Search »

Nobody was excited about paying top dollar for a movie about WikiLeaks. A film about the origins of would have done better.

— Gitesh Pandya of comments on the dreadful opening weekend box office numbers for “The Fifth Estate.”