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Insight Venture Partners outbids Dell for Quest Software at $25.75 per share in cash

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Quest Software has accepted a sweetened $2.17-billion bid to be acquired by Insight Venture Partners (partnering with Vector Capital).

The buyout group offers stockholders $25.75 per share in cash. This increased purchase price represents a 33-percent premium to Quest’s closing stock price on the day prior to the initial announcement of the Insight Merger Agreement on March 8, 2012. Dell stopped its counter bid at $25.50 last week.

This transaction will be financed through a combination of a $187 million equity commitment from Insight, a $187 million equity commitment from Vector, a rollover of at least 84% of Quest CEO Vinny Smith’s existing shares and approximately $1.2 billion of debt financing commitments from J.P. Morgan Chase Bank N.A., RBC Capital Markets and Barclays Capital.

Quest has been on quite a Virtualization shopping spree itself over the last few years and unexpectedly bought their VKernel competitor in November 2011? Earlier acquisitions to enrich their management products for virtualized data centers and cloud environments incluced Invirtus (2007) and Vizioncore (2008).

Below is our latest video interview with Scott Herold, Director, Virtualization Strategy at Quest Software, taken at VMworld Europe 2011. Prior to Quest, Scott was Vice President for Product Engineering at Invirtus and Director of R&D at Vizioncore.

Insight Enterprises Named First Reseller Partner In U.S. To Serve VMware Service Provider Program

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Insight Enterprises announced today that it has been named the first U.S.-based reseller partner to offer subscription licenses to serve the expanded VMware Service Provider Program (VSPP). With the addition of Insight, VSPP partners can now expect the licensing flexibility they need in hosting environments leveraging the VMware technology, marketing and training they need.

VSPP partners are part of the VMware vCloud Initiative, which delivers an enterprise-class cloud computing platform. The VMware vCloud initiative offers broad support for existing and new applications, and it enables federation between on- and off-premise clouds. The core technology underpinning of the VMware vCloud Initiative is a set of VMware vServices that provide the APIs and technologies to enable this federation and facilitate business needs such as flex capacity, disaster recovery, or test and development for enterprises. VMware vServices also enable cloud providers to simplify how SMBs acquire compute capacity.

With the growth of cloud computing and VMware’s vCloud initiative, Insight can enable service providers to rent VMware licenses to capitalize on the market opportunity in delivering new on-demand cloud-like services for enterprises and SMBs, while preserving their capital.

Virtualization Comes In Many Flavors

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Interesting article from ‘The Virtual Man’ Daniel Kusnetzky, President and Principal Analyst of Kusnetzky Group LLC and blogger at ZDNet. At a conference, he was asked by a group of attendees what he did for a living, and after a short explanation about his company he went on to explain virtualization technology.

Kusnetzky discussed the typical goals organizations have when they acquire and then deploy various types of virtualization technology, like:

  • Being able to access applications and data from just about anywhere using just about any networkable device
  • Being able to run applications or, in fact, full workloads without being concered about potential incompatibilities steming from different versions of operating systems, development tools or application frameworks
  • Being able to safely and securely access complex organizational networks
  • Being able to access applications and data even if they were stored in a datacenter halfway around the world
  • Being able to process applications faster or support more people’s work than any single reasonably priced system could manage
  • Being able to continue operations even if some component failed

Kusnetzky asks: “If you where put on the spot and asked to explain all of the different layers of technology and all of the different uses of virtualization, what would you say?”

Why don’t you go tell him? 🙂

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