Quest Software Acquires BakBone Software for $55,000,000

  • Feed Type
  • Date
    11/9/2010
  • Company Name
    BakBone Software
  • Mailing Address
    9540 Towne Centre Drive San Diego, CA 92121
  • Company Description
    BakBone Software, Inc. delivers complexity reducing data protection technologies, including award-winning Linux solutions; proven Solaris products; and application-focused Windows offerings that reliably protect MS SQL, Oracle, Exchange, MySQL and other business critical applications.
  • Website
    http://www.bakbone.com
  • Transaction Type
    M&A
  • Transaction Amount
    $55,000,000
  • Transaction Round
  • Proceeds Purposes
  • M&A Terms
    Quest expects to pay approximately $55 million, including the payment of certain debt obligations and net of anticipated cash on hand. BakBone shareholders will receive $0.33 per common share and $1.29 per preferred share following the closing of the acquisition.

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