As of June 2003, Precise Software Solutions Ltd. was acquired by Veritas Software Corp. Precise Software Solutions, Ltd. provides software that assists organizations in monitoring and optimizing the performance of their Information Technology (IT) infrastructure. This IT infrastructure consists of networks, operating systems, servers, applications, databases, and storage devices that help manage traditional and electronic business activities. Its software allows an organization to continuously monitor its infrastructure performance and be alerted when performance parameters exceed user-established thresholds. The software also provides technology support personnel with a thorough set of diagnostic data that pinpoints the specific cause of performance degradation; and offers suggested alternatives to alleviate the problem. In addition, the company provides professional services, including remote management; performance audit and accelerator engagements; implementation services; training courses; and consulting. Precise Software Solutions sells its software through direct sales, indirect channels, resellers, and strategic relationships. It has offices throughout North America, Europe, the Middle East, Far East, and Pacific Rim. The company’s primary competitors include BMC Software, Quest Software, Mercury Interactive, Oracle, and Wily Technology. Precise Software Solutions was founded in 1990.