Insight Venture Partners to Buy Quest Software for $2 Bln–UPDATED

Insight Venture Partners has agreed to buy Quest Software for about $2 billion, or $23 a share. The stock owned by Chairman and CEO Vinny Smith will be rolled over into the surviving entity. Also, Smith will continue to lead the company. The deal includes a 60-day go-shop period during which Quest can actively seek […]

Symplified Seals $20M Series C

Ignition Partners led a $20 million Series C round for cloud identity technology company Symplified. As a result, Cameron Myhrvold of Ignition Partners has joined its board of directors. Existing investors Allegis Capital, Granite Ventures and Quest Software also participated in the financing, which brings the company’s total funding to $38.8 million.

Jaspersoft Seals $11M

Jaspersoft, a maker of business intelligence software, has inked $11 million in a round of venture capital led by Red Hat and SAP Ventures. New investor Quest Software joined in the round, which also included participation from existing shareholders Doll Capital Management, Morgenthaler Ventures, Partech International, Scale Venture Partners, and Adams Street Partners. The money will be used for expansion and potential acquisitions. Jaspersoft is based in San Francisco.

Symplified Brings Aboard Former Netscape Execs as Advisors

Boulder-based Symplified, which sells cloud security tools, is welcoming former Netscape executives Taher Elgamal and Todd Rulon-Miller to its advisory board. Five-year-old Symplified is venture backed by Granite Ventures, Allegis Capital,  and Quest Software and closed its newest, $9 million, round of funding last week. The company has raised $18.8 million so far. PRESS RELEASE: Symplified, […]

Symplified Wraps $9.2M Funding Round

Symplified, the Colorado-based cloud security company, secured $9.2 million in funding from backers including Granite Ventures , Allegis Capital and Quest Software, a strategic investor. The company revealed in a statement that it will also seek to raise a third round of funding later this year. The Series B funding that just closed brings Symplified’s […]

Quest Software Buying Surgient

Quest Software Inc. (Nasdaq: QSFT) has agreed to acquire Surgient Inc., an Austin, Texas-based provider of private cloud automation software. No financial terms were disclosed. Surgient has raised around $100 million in VC funding, from Austin Ventures, Crosslink Capital, Goldman Sachs, BlueStream Ventures, Seaport Capital, Sternhill Partners, Rod Canion, Reed Hundt, Tom Merideth and Bill Joy.

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