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Invirtus Inc. has been sold to Irvine, Calif.-based Quest Software Inc.

Quoting the Atlanta Business Chronicle

Invirtus, financed by the Atlanta Technology Angels, makes software that reduces the cost and complexity of large internal networks. Quest (Nasdaq: QSFT) makes database management software.

The amount of the acquisition could not be determined but sources say the exit was very lucrative for investors. The company raised no venture capital and only $400,000 in angel money.

Invirtus was founded in 2004 by Thomas Edwards, a former Microsoft Corp. program manager, and launched its first product in 2005. Customers include many major tech firms, including Microsoft (Nasdaq: MSFT) and Intel Corp. (Nasdaq: INTC).

Invirtus Home

Read the original, here.

Published Tuesday, June 12, 2007 7:01 AM by David Marshall
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Sellers Market…? « Common Stock Not - (Author's Link) - October 17, 2007 9:03 AM
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