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Source: Quest Software Inc.
Contact: Joe Horine
joe.horine@quest.com
(614) 726-4775
Fusion PR Contact: Kathy Archer
kathy.archer@fusionpr.com
202-898-2000 x 108 |
Quest Software Enters the
Virtual Desktop Infrastructure
Market with Acquisition of
Provision Networks
Broadens Quest's Virtualization
Offerings and Extends
Capabilities to End-to-End
Application and Desktop
Monitoring, Management and
Availability
ALISO VIEJO, Calif. & RESTON,
Va.--(November 12, 2007)--Quest
Software, Inc. (Nasdaq: QSFT -
News) today announced the
acquisition of the assets of
Provision Networks Inc. (www.ProvisionNetworks.com),
a privately held leader of
enterprise-grade presentation
and desktop virtualization
solutions. The addition of
Provision Networks’
award-winning virtual desktop
infrastructure (VDI) and
management offerings helps
position Quest as one of leading
providers of heterogeneous
virtualization management
solutions across both physical
and virtual desktops,
applications and servers. The
companies’ combined products
bring to market technical,
customer and channel synergies,
enabling Quest to extend its
leadership in infrastructure
management from the desktop to
the datacenter.
“This acquisition marks an
important step forward for Quest
in both our virtualization
offerings and our Windows
desktop management
capabilities,” said Vinny Smith,
CEO of Quest Software. “As
virtualization and desktop
management are key components of
our vision and product areas
within our growth strategy, the
addition of Provision Networks
is an important step in
positioning Quest to meet a
broader and deeper set of
customer needs during 2008 and
beyond, and I am excited to add
the Provision Networks team and
solutions to the Quest family.”
Effective immediately, Paul
Ghostine, co-founder and CEO of
Provision Networks, will report
directly to Smith and lead this
newest addition to Quest.
“By bringing Provision Networks
into the portfolio, Quest
Software has begun to put
together a host of choices for
end-to-end virtualization
management, from desktop to
server,” said John Humphreys,
program vice president of
Enterprise Virtualization for
IDC. “Provision Networks’
desktop delivery, in conjunction
with Quest’s management focus,
can help customers achieve
predictive monitoring, leading
to higher availability of their
virtual desktop
infrastructures.”
Quest Software has long been a
thought leader in database,
applications and Windows
infrastructure management
solutions, as well as in virtual
infrastructure management
through a majority ownership
position in Vizioncore and
acquisition this year of
Invirtus. Customers and partners
worldwide are demanding
cost-effective and innovative
alternatives to complex existing
technologies, with
virtualization and the
associated management
increasingly becoming among the
most requested solution areas.
“With Quest’s global reach, we
can leverage access to more than
50,000 customers worldwide, as
well as the combined companies’
channel partner network that was
broadened through the prior
acquisition of ScriptLogic and
investment in Vizioncore, to
bring these innovative
virtualization solutions to
market and accelerate the
adoption of these technologies,”
said Ghostine.
About Quest Software, Inc.
Quest Software, Inc. delivers
innovative products that help
organizations get more
performance and productivity
from their applications,
databases and Windows
infrastructure. Through a deep
expertise in IT operations and a
continued focus on what works
best, Quest helps more than
50,000 customers worldwide meet
higher expectations for
enterprise IT. Quest’s Windows
Management solutions simplify,
automate and secure Active
Directory, Exchange and Windows,
as well as integrate Unix, Linux
and Java into the managed
environment. Quest Software can
be found in offices around the
globe and at www.quest.com.
About Provision Networks
Provision Networks is a global
provider of presentation and
desktop virtualization
solutions. Provision Networks
solutions embrace and extend the
Microsoft Terminal Services
platform and Virtualization
Infrastructure platforms from
VMware, Virtual Iron, XenSource,
SWSoft, and Microsoft,
delivering resilient, scalable
and dynamic on-demand desktop
deployment and application
delivery for enterprises
worldwide.
Provision Networks produces and
markets three product suites
through a global network of
value-added resellers:
Provision Networks Virtual
Access Suite – Enterprise
Edition
Provision Networks Virtual
Access Suite – Desktop Services
Edition
Provision Networks Virtual
Access Suite – Standard Edition
With a world-class client list,
comprised of some of the world’s
largest commercial enterprises,
and government organizations,
Provision Networks is the most
trusted name in presentation and
desktop infrastructure
virtualization. To learn more
about Provision Networks and our
enterprise access solutions,
please visit us at
www.ProvisionNetworks.com.
Quest, Quest Software and the
Quest logo are trademarks or
registered trademarks of Quest
Software in the United States
and certain other countries. All
other names mentioned herein may
be trademarks of their
respective owners.
Forward Looking Statements
This press release includes
predictions, estimates and other
information relating to our
acquisition of the assets of
Provision Networks, Inc. that
might be considered
forward-looking statements.
These statements are based on
current expectations and
assumptions that are subject to
risks and uncertainties. Actual
results could differ from those
anticipated as a result of
various factors, including:
risks that the proposed
transaction or related
integration activity may disrupt
current plans, projects and
operations; and our ability to
recognize the benefits of the
acquisition.
Other risks and uncertainties
that may affect forward-looking
statements include risks
inherent in software businesses,
which include but are not
limited to: introducing quality
products on a timely basis that
satisfy customer requirements
and achieve market acceptance;
lengthy and variable sales
cycles create difficulty in
forecasting the timing of
revenue; risks associated with
significant foreign operations,
including fluctuations in
foreign currency exchange rates;
aggressive competition in all of
our markets, which creates
pricing pressure; risks that our
intellectual property rights may
not be adequate to protect
Quest’s business or that others
may claim that Quest infringes
upon their intellectual property
rights; risks associated with
the ability to retain existing
personnel and recruit and retain
qualified personnel; declines or
delays in information technology
spending; changes in the demand
for our products and services;
inability to maintain or expand
relationships with channel
partners, value added resellers
and systems integrators;
difficulty of improving our
infrastructure in order to be
able to continue to grow; and
other risks described from time
to time in Quest’s filings with
the SEC. For a discussion of
these and other related risks,
please refer to our SEC filings,
including our Annual Report on
Form 10-K for the year ended
December 31, 2005, which are
available through the SEC’s
EDGAR system at www.sec.gov or
from Quest’s website at
www.quest.com. Readers are
cautioned not to place undue
reliance on these
forward-looking statements,
which speak only as of the date
thereof. We undertake no
obligation to update
forward-looking statements to
reflect events or circumstances
after the date thereof.
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