Quest Software Buys Into Virtualization (QSFT)

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Updated Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Quest Software, Inc. (NASDAQ:QSFT) has announced the acquisition of the assets of Provision Networks Inc.  Provision is a privately held enterprise-grade presentation and desktop virtualization solutions provider across both physical and virtual desktops, and applications and servers. The companies’ combined products will enable Quest to extend its leadership in infrastructure management from the desktop to the datacenter.  Effective immediately, Paul Ghostine, co-founder and CEO of Provision Networks, will report directly to Smith and lead this newest addition to Quest.

Provision Networks is a global provider of presentation and desktop virtualization solutions which embrace and extend the Microsoft Terminal Services platform and Virtualization Infrastructure platforms from VMware, Virtual Iron, XenSource, SWSoft, and Microsoft.

Quest Software Inc. (NASDAQ:QSFT) closed up 1.8% at $16.48, in between the $13.58 to $18.14 52-week trading range.  Shares are up 0.2% at $16.51 in after-hours trading.

See our 24/7 Wall St. exclusive, where we interviewed the CEO of Virtual Iron as one of the leaders in virtualization.

Jon C. Ogg
November 12, 2007

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

Continue Reading

Top Gaining Stocks

AKAM Vol: 21,556,944
MU Vol: 65,135,624
INTC Vol: 227,504,426
MNST Vol: 15,284,847
DELL Vol: 12,167,525

Top Losing Stocks

MSI Vol: 3,101,643
EXPE Vol: 4,189,786
CTRA Vol: 73,319,495