type private industry computer software founded tel aviv israel 1990 headquarters houston texas u.s. incorporated in delaware key people randy jacops ceo york richards cfo products application performance management revenue n a net income n a website http www.precise.com precise software solutions is an israeli american company that develops application performance management software products . contents 1 early history 2 veritas acquires precise 3 symantec acquires veritas 4 symantec spins out precise 5 idera acquires precise 6 references early history edit precise software solutions was founded in tel aviv in 1990 by haim kopans who served the company in various roles cto vp product management and head of r & d until 2002 . initial funding was provided by jerusalem venture partners jvp . 1 in september 1997 shimon alon formerly president and chief executive officer of scitex america became the company s ceo . he led the company to 14 consecutive quarters of record growth . then in june 2000 precise completed an initial public offering on nasdaq followed by a successful secondary public offering in november 2000 . the company s shares were traded under the ticker symbol prse . 2 in 1998 a precise emc relationship was formed beginning with a joint development project and resulting in an oem arrangement through which emc began reselling precise s technology in its product offerings . subsequently emc took an investment position in precise . 3 in the fourth quarter of 1999 emc corporation began selling precise products under the name database db tuner . emc marketed an exclusive bundled version of various precise offerings including precise indepth for oracle precise indepth for db2 udb and precise presto for emc software . database db tuner was intended for use solely with emc s storage products . 4 for the year ending december 2002 the company reported revenues of 76 million . 5 6 veritas acquires precise edit on june 2003 veritas software acquired precise for about 400 million in cash and 7.4 million shares of its stock a total cost of about 609 million . 6 symantec acquires veritas edit on december 16 2004 veritas and symantec announced their plans for a merger . with veritas valued at 13.5 billion it was the largest software industry merger to date . symantec s shareholders voted to approve the merger on june 24 2005 . on july 5 2005 the new merged company s began operations . symantec spins out precise edit on january 17 2008 symantec announced 7 that they were spinning off the application performance management precise software solutions business to vector capital . upon closing of the transaction precise software solutions had again taken over all development product management marketing and sales for this apm business . to ensure a smooth transition for customers and the new company overall symantec continued to support the apm business post closing via a transition services agreement with precise software . it provided a migration path for symantec branded apm customers . additionally symantec and vector signed an agreement allowing symantec to continue to sell apm software and support to its customers . idera acquires precise edit in july 2013 application and server management software provider idera software acquired precise . idera ceo randy jacops assumed leadership of the company . 8 references edit haim kopans venture partner & partner and cto jvp studio jerusalem venture partners retrieved 2011 04 08 precise software solutions profile information management magazine june 2001 retrieved 2009 11 03 precise strengthens relationship with emc corporationby joining e infostructure developers ... businesswire sept. 25 2002 retrieved 2011 02 16 united states sec ... form 10 k us sec 10 k form precise software solutions ltd 12 2002 retrieved 2011 02 16 precise software solutions reports record revenues 30 % year over year 4 % quarter over quarter increase ; 22nd quarter of consecutive record revenue . business wire april 29 2003 retrieved 2009 11 03 a b boulton clint veritas closes precise software purchase internetnews.com june 30 2003 retrieved 2009 11 03 symantec to sell application performance management business to vector capital new idera ceo is acquisition hungry . houston business journal jul 3 2013 retrieved from https en.wikipedia.org w index.php title precise software & oldid 742388201 categories software companies based in californiasoftware companies of israelperformance management navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 3 october 2016 at 11 45 . text is available under the creative commons attribution sharealike license ; 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