Tuesday, January 13, 2009

Quest Software Buys MonoSphere

Aliso Viejo-based Quest Software, which develops systems management software and related tools, said this morning that it has acquired the technology assets of MonoSphere, a developer of storage capacity management software. Financial terms of the acquisition were not disclosed. Quest said that it has also hired a "substantial number" of Monosphere's former employees. MonoSphere develops storage management software used to analyze and forecast data storage usage, chargeback, and for understanding storage mapping and relationships. MonoSphere was venture backed by Lightspeed Venture Partners, Intel Capital, and Velocity Interactive Group.

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