**Editor’s Note: Please click here for a recap of the biggest channel-impacting mergers in Sept.-Oct. 2015.**
TeamQuest, an IT capacity management software and services provider, on Tuesday announced its acquisition of PureShare, a provider of business-value dashboards.
The acquisition will enable IT organizations to predict the health and risk of their operations while giving IT and business leaders the information needed to make decisions, according to TeamQuest.
Dino Balafas, TeamQuest’s vice president of marketing, tells Channel Partners the acquisition provides a “complete solution that immediately enables customers to elevate their IT maturity and optimize infrastructure based on the business value it delivers.”
“The PureShare acquisition enables TeamQuest to pull from a wider range of information sources and extend the value already provided by TeamQuest analytical tools,” he said. “Additional sources include core business metrics and financial data. When you combine these sources with our ability to pull granular data in 1-second increments, this opens up the possibility for IT to connect itself with the business value it provides the organization and convey that information in the language each stakeholder would like to receive.”
TeamQuest has hundreds of customers globally, with a concentration of customers in the financial services, banking, retail and telecom markets, Balafas said. Its software and services are deployed with four of the five largest U.S. financial companies and several of the largest financial companies in the United Kingdom, he said.
“PureShare has customers, and they are now TeamQuest customers,” he said. “They’ll realize the benefits of a real-time view of dynamic IT performance data and be able to identify, understand and resolve what really deserves attention in their hyper-connected and hyper-converged world.”
TeamQuest has partnerships with hardware and software vendors, strategic alliances with service providers, software providers and integrators, and a network of resellers.
“The market has been asking for these capabilities,” said Paul Hesser, TeamQuest’s president and CEO. “Our customers tell us they need a solution that not only allows IT to align to the business, but integrate with the business.”