M&A Deal Summary

Quest Acquires NetPro Computing

On September 12, 2008, Quest acquired software company NetPro Computing from Kennet Partners and JMI Equity for 79M USD

Acquisition Highlights
  • This is Quest’s 3rd transaction in the Software sector.
  • This is Quest’s largest (disclosed) transaction.
  • This is Quest’s 2nd transaction in the United States.
  • This is Quest’s 1st transaction in Arizona.

M&A Deal Summary

Date 2008-09-12
Target NetPro Computing
Sector Software
Buyer(s) Quest
Sellers(s) Kennet Partners
JMI Equity
Deal Type Add-on Acquisition
Deal Value 79M USD

Target

NetPro Computing

Phoenix, Arizona, United States
website
NetPro Computing, Inc. is a provider of infrastructure optimization software products.

Search 192,500 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Quest

Aliso Viejo, California, United States

website


Category Company
Sector Software
DESCRIPTION

Quest is a provider of a broad suite of integrated infrastructure software for managing systems, data, and applications. Quest helps organizations be IT resilient by protecting and powering users, endpoints and data, as well as by hardening cybersecurity systems. Quest is based in Aliso Viejo, California.


DEAL STATS #
Overall 3 of 11
Sector (Software) 3 of 10
Type (Add-on Acquisition) 3 of 11
State (Arizona) 1 of 1
Country (United States) 2 of 9
Year (2008) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-12-05 PassGo Technologies

Ilminster, United Kingdom

assGo Technologies, a British firm which provides access and identity management software.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-08-10 Surgient

Austin, Texas, United States

Surgient, Inc. is a developer and offer of self-service visualization automation and lab management solutions.

Buy -

Seller(S) 2

SELLER

Kennet Partners

London, United Kingdom

Investor Investor Investor Investor Investor

website


Category Growth Capital Firm
Founded 1997
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Kennet Partners is a private investment firm that invests in fast-growing companies providing information technology products and technology-enabled services. Kennet typically commits $10 to $50 million of equity per transaction in companies with revenues up to $50 million. The Firm generally invests in businesses located in Western Europe and the US. In addition to providing growth capital, Kennet also finances private mergers, shareholder liquidity needs, corporate divestitures or spin-outs, and restructuring situations. Kennet Partners was formed in 1997 and is based in London.


DEAL STATS #
Overall 14 of 40
Sector (Software) 6 of 17
Type (Add-on Acquisition) 13 of 32
State (Arizona) 1 of 1
Country (United States) 2 of 14
Year (2008) 3 of 3
Size (of disclosed) 9 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-06-19 NTRglobal

Barcelona, Spain

NTRglobal provides enterprise-grade, on-demand solutions for remote support, IT collaboration and IT administration. Worldwide some 12,000 enterprises of all sizes use NTR’s web services to support employees, customers and partners over the Internet.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-10-07 Recommind

San Francisco, California, United States

Recommind, Inc. is a provider of eDiscovery, and information analytics. Recommind's SaaS and managed services solutions include, Axcelerate for eDiscovery review and analysis, Perceptiv for contract analytics and Decisiv for enterprise-wide information access.

Buy -
SELLER

JMI Equity

La Jolla, California, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1992
PE ASSETS 7.5B USD
Size Mega
Type Sector Focused
DESCRIPTION

JMI Equity is a private equity firm focused on investments in software, internet, business service, and healthcare IT. Targeted businesses typically help automate and optimize business and information technology processes. The Firm will consider investments at all stages of development, including early-stage companies, self-funded businesses requiring growth capital, and later stage businesses in need of buyout or recapitalization funding. JMI looks to commit at least $10 million per transaction. JMI Equity was formed in 1992 and maintains offices in San Diego and Baltimore.


DEAL STATS #
Overall 35 of 105
Sector (Software) 20 of 54
Type (Add-on Acquisition) 26 of 66
State (Arizona) 1 of 2
Country (United States) 33 of 93
Year (2008) 4 of 5
Size (of disclosed) 30 of 34
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-08-25 HCL Expense Management Services

Rutherford, New Jersey, United States

HCL Expense Management Services, Inc. is a provider of telecom expense management solutions that manage more than $7 billion of telecommunications expenses and offer a full suite of solutions to manage voice, data, wireless and equipment expense to both enterprises and carriers.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-10-14 Managed Object Solutions

Waltham, Massachusetts, United States

Managed Object Solutions, Inc. is a developer of the Formula Java-compliant network/systems-integration technology.

Sell -