Clearlake Capital Group is acquiring Quest Software from Francisco Partners for $5.4 billion, further highlighting the importance private equity firms are placing on business applications, The Wall Street Journal reported . Quest Software, which sells products for managing access to corporate computers and data, was previously the centerpiece of Dell Technologies’ strategy for selling...
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The Briefing startups uber/lyft
Oscar Health’s New CEO Has a Tough Job—but Lyft’s New CEO Has It Worse
Mark Bertolini must be feeling pretty good. Since he was named the new CEO of Oscar Health on Tuesday, Oscar’s long-suffering stock has bounced 78%. OK, skeptics will point out that bounce was off a very low base—the stock was at $3.59 on Monday. And even after the rally, Oscar stock is still down 84% from its initial public offering price. But any stock lift is better than the alternative,...
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