When Gemini first invested in Precise, the company developed software for improving the performance of applications residing on databases. Yossi Sela was actively involved in saving Precise from closure during a difficult period in 1997.
Exit: Precise carried out an IPO on NASDAQ in June 2000 and raised $68M. The company's shares soared 50% on their debut, making it one of the most successful openings for an Israeli IPO. In August 2003, Precise was acquired by storage software provider Veritas in a transaction valued at $609M in cash and stock. Veritas itself was bought by Symantec (NASDAQ: SYMC) in 2005, and in 2008 Precise was sold to San Francisco private equity firm Vector Capital.
Exit: Precise carried out an IPO on NASDAQ in June 2000 and raised $68M. The company's shares soared 50% on their debut, making it one of the most successful openings for an Israeli IPO. In August 2003, Precise was acquired by storage software provider Veritas in a transaction valued at $609M in cash and stock. Veritas itself was bought by Symantec (NASDAQ: SYMC) in 2005, and in 2008 Precise was sold to San Francisco private equity firm Vector Capital.
Location: United States
Employees: 11-50
Founded date: 1991
Investors 1
| Date | Name | Website |
| - | Gemini Isr... | gemini.co.... |
Mentions in press and media 8
| Date | Title | Description |
| 25.09.2024 | CBB 2024: The Feast of Beer, Water, Beverages, Dairy Products and Condiments Equipment Is About to Begin | SHANGHAI, CHINA – Media OutReach Newswire – 25 September 2024 – As a globally renowned event for the entire liquid food industry chain, China Brew China Beverage (CBB 2024) will be held from October 28 to 31, 2024 at the Shanghai New Intern... |
| 31.05.2014 | How to secure your VMs in the cloud, Part 1 | Choosing a protection product for a virtual infrastructure is a lot like buying an anti-virus product for the Mac OS: most people would say why bother when few attacks have been observed to date. (Although that situation is changing see our... |
| 24.01.2012 | How One IT Shop Cut Costs With the Cloud | In the space of a year Precise, Software, a midsized provider of application management technologies based in Silicon Valley and Tel Aviv, Israel completely transformed its IT infrastructure to virtualization and cloud software, saving more... |
| 29.07.2009 | Precise Transaction Performance Management Pays Off for VocaLink | Wins New Nordic Contract Using Precise TPM Redwood Shores, Calif. – July 29, 2009 – Precise today announced that VocaLink, the international payment specialists who securely process over nine billion payments a year, uses Precise’s Transact... |
| 08.07.2009 | Precise helps UK grocer Waitrose keep a lid on IT costs | ‘Waitrose Deliver’ IT team supports business expansion but avoids rise in capital expenditure with Precise Transaction Performance Monitoring (TPM) Basingstoke, UK – July 8, 2009 – Precise today announced that employee-owned retailer Waitro... |
| 27.01.2009 | Precise appoints new VP as Transaction Performance Management grows in Europe | Precise appoints new Head of Europe to help European customers get more business value from their applications with Transaction Performance Management (TPM) Baskingstoke, Hampshire, UK – 28 January, 2009 - Precise today officially relaunche... |
| 07.11.2001 | Precise/W. Quinn Releases StorageCentral SRM 5.0 | News Precise/W. Quinn Releases StorageCentral SRM 5.0 By Scott BekkerNovember 07, 2001 Precise Software Solutions released a major upgrade to W.Quinn's StorageCentral SRM enterprise storage performance management suite this week that featur... |
| 14.02.2001 | Precise Software Launches Precise/Foresight | News Precise Software Launches Precise/Foresight By Scott BekkerFebruary 14, 2001 Precise Software Solutions launched Precise/Foresight, which enables decision-makers and IT managers to derive higher performance and business value from thei... |