Company:Precise Software
 | |
| Type | Private |
|---|---|
| Industry | Computer software |
| Founded | Tel Aviv, Israel 1990 |
| Headquarters | Houston, Texas , United States (incorporated in Delaware) |
Key people | Randy Jacops, CEO York Richards, CFO |
| Products | Application performance management |
| Revenue | N/A |
| N/A | |
| Website | precise |
Precise Software Solutions is an Israeli-American company that develops application performance management software products.
History
Early history
Precise Software Solutions was founded in Tel Aviv in 1990 by Haim Kopans, who served the company in various roles until 2002. Initial funding was provided by Jerusalem Venture Partners (JVP).[1]
In September 1997, Shimon Alon, formerly chief executive officer of Scitex America, became the company's CEO. Then in June 2000, Precise completed an initial public offering on NASDAQ followed by a secondary public offering in November 2000. The company's shares were traded under the ticker symbol PRSE.[2]
In 1998, a Precise/EMC relationship was formed beginning with a joint development project and resulting in an OEM arrangement through which EMC began reselling Precise's technology in its product offerings. Subsequently, EMC took an investment position in Precise.[3]
In the fourth quarter of 1999, EMC Corporation began selling Precise products under the name Database (DB) Tuner. EMC marketed an exclusive bundled version of various Precise offerings including Precise/Indepth for Oracle, Precise/Indepth for DB2 UDB and Precise/Presto for EMC software. Database (DB) tuner was intended for use solely with EMC's storage products.[4]
For the year ending December 2002, the company reported revenues of $76 million.[5] [6]
Veritas acquisition of Precise
On June 2003, Veritas Software acquired Precise for about $400 million in cash and 7.4 million shares of its stock, a total cost of about $609 million.[6]
Symantec acquisition of Veritas
On December 16, 2004, Veritas and Symantec announced their plans for a merger. With Veritas valued at $13.5 billion, it was the largest software industry merger to date. Symantec's shareholders voted to approve the merger on June 24, 2005. On July 5, 2005 the new merged company(s) began operations.
Symantec spin out of Precise
On January 17, 2008, Symantec announced [7] that they were spinning off the application performance management (Precise Software Solutions) business to Vector Capital. Precise Software Solutions took over all development, product management, marketing and sales for this APM business.
Idera acquisition Precise
In 2013-07-02, Idera, Inc. announced the acquisition of Precise Software as a wholly owned subsidiary. Idera CEO Randy Jacops assumed leadership of the company.[8][9] In 2014, Idera closed all the activity of Precise in Israel, while dismissing all the workforce there.
References
- ↑ "Haim Kopans, Venture Partner & Partner and CTO, JVP Studio", Jerusalem Venture Partners, http://www.jvpvc.com/media-labs-team, retrieved 2011-04-08
- ↑ "Precise Software Solutions Profile", Information Management Magazine, June 2001, http://www.information-management.com/issues/20010601/3485-1.html, retrieved 2009-11-03
- ↑ "Precise Strengthens Relationship With EMC Corporationby Joining E-Infostructure Developers...", Businesswire, September 25, 2002, http://www.allbusiness.com/company-activities-management/operations-back/6503929-1.html, retrieved 2011-02-16
- ↑ "United States SEC ... ForM 10-K", US SEC 10-K Form PRECISE SOFTWARE SOLUTIONS LTD, 12-2002, http://yahoo.brand.edgar-online.com/EFX_dll/EDGARpro.dll?FetchFilingHTML1?ID=2203790&SessionID=uM-tHv6dLSUN8l7, retrieved 2011-02-16
- ↑ "Precise Software Solutions Reports Record Revenues, 30% Year-Over-Year, 4% Quarter-Over-Quarter Increase; 22nd Quarter of Consecutive Record Revenue.", Business Wire, April 29, 2003, http://www.encyclopedia.com/doc/1G1-100836540.html, retrieved 2009-11-03
- ↑ 6.0 6.1 Boulton, Clint (June 30, 2003). "Veritas Closes Precise Software Purchase". http://www.internetnews.com/storage/article.php/2229571. Retrieved 2009-11-03.
- ↑ "Symantec to Sell Application Performance Management Business to Vector Capital". http://www.symantec.com/about/news/release/article.jsp?prid=20080117_01.
- ↑ "New Idera CEO is acquisition hungry". Houston Business Journal, Jul 3, 2013
- ↑ Idera Acquires Precise Software - Idera expands its product offering by acquiring Precise Software as a wholly owned subsidiary
External links
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