Thursday, July 29, 2010
Surgient Acquired By Quest Software
Austin-based Surgient, which develops private cloud automation software, has been acquired by Quest Software, a major developer of enterprise IT automation software. According to Quest, which is based in Aliso Viejo, California, it expects the acquisition to close during the third quarter of 2010. Financial terms of the buy were not disclosed. Surgient was venture backed by Austin Ventures, BlueStream Ventures, Crosslink Capital, Goldman Sachs, MFI Austin, and Sternhill Partners, and is headed by Tim Lucas. The firm has raised around $33.0M in funding. Quest said the acquisition would give its customers a platform to quickly implement private cloud infrastructure and leverage investments in virtualization.