Quest Quietly Purchases Akonix

In an unannounced move, Akonix is now wholly owned by Quest Software. Beginning some time in the last week, Akonix has begun to display its Web page logo with the phrase "is now a part of Quest Software."

Akonix develops and markets an instant messaging security and compliance appliance. By acquiring Akonix, Quest now offers both email archiving and instant message archiving. You might recall that Quest entered the email archiving market when it acquired AfterMail in January 2006. The market for email archiving is quite a bit larger than that for IM archiving, and this leaves FaceTime as the only independent vendor for IM security and compliance.

We'll publish a detailed analysis of the transaction when it's formally announced.

... Bob Spurzem

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