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Quest Software Acquires erwin, Inc. to Enable Organizations to Fully Harness the Business Benefits of Data
Quest Software Acquires erwin, Inc. to Enable Organizations to Fully Harness the Business Benefits of Data
Quest Software, a global systems management, data protection and security software provider, today announced the acquisition of erwin, Inc. to enable organizations to realize the exceptional business benefits of data fully. Erwin’s solutions strengthen Quest’s market-leading data toolset, adding new capabilities to drive significant data initiatives and the deployment of modern applications while ensuring regulatory compliance. The deal further spotlights Quest as a leading software provider for critical enterprise IT challenges.
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Last year belonged to the technology sector. The pandemic-infused lockdown had hastened the digitization process, thus driving the demand for products and services provided by the tech companies. However, the performance of
BlackBerry (TSX:BB)(NYSE:BB) was subdued compared to its peers, as the weakness in the automotive sector weighed on its financials and stock price. It returned only 1% last year, while some of the tech companies doubled their stock prices.
BlackBerry’s recent performance and its growth prospects
In its third quarter, which ended on November 30, BlackBerry reported an adjusted EPS of $0.02 per share, outperforming analysts’ expectation of a loss of $0.01 per share. However, its revenue of US$218 million fell short of analysts’ expectations of $219.7 million. The weak performance from its QNX segment, which offers a portfolio of automotive software solutions, negatively impacted its top line.