Quest To Buy Data Protection Software Company BakBone For $55 Million | TechCrunch
Summary
Quest in a statement says it expects to pay approximately $55 million, including the payment of certain debt obligations and net of anticipated cash on hand. BakBone Software delivers real-time data protection, deduplication, replication, disk-based and tape backup and recovery services. The company acquired email processing and delivery services provider ColdSpark in May 2009, only to shut down the loss-making unit merely a year later. The decision to shed ColdSpark came one month after BakBone appointed former CFO Steve Martin as Interim CEO, following the resignation of the Company’s President and chief executive James R. Johnson. In other words, someone made a big mistake that cost the company dearly.
Classifications
industries
HealthTech
applications
Data Management
AskAI Classifications
Labels
SaaS
Cybersecurity Software
Data Management Software
Linked Companies
Bakbone Software
$25M to $50M
Quest Software Inc.
$500M to $1B