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.
Location: United States
Investors 1
| Date | Name | Website |
| - | Gemini Isr... | gemini.co.... |
Mentions in press and media 7
| Date | Title | Description | Source |
| 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 produc... | readwrite.... |
| 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... | readwrite.... |
| 29.07.2009 | Precise Transaction Performance Management Pays Off for Voca... | Wins New Nordic Contract Using Precise TPM Redwood Shores, Calif. – July 29, 2009 – Precise today a... | realwire.c... |
| 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 P... | realwire.c... |
| 27.01.2009 | Precise appoints new VP as Transaction Performance Managemen... | Precise appoints new Head of Europe to help European customers get more business value from their ap... | realwire.c... |
| 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 Softw... | rcpmag.com... |
| 14.02.2001 | Precise Software Launches Precise/Foresight | News Precise Software Launches Precise/Foresight By Scott BekkerFebruary 14, 2001 Precise Software S... | rcpmag.com... |