The story
AppAssure was founded by Najaf Husain in 2006. In 2008, AppAssure Software received a "Series A" investment by Bain Capital Ventures.
On Friday, Feb. 24, 2012, Dell announced the acquisition of AppAssure, renaming it to Dell AppAssure, which became a part of the Dell Software Group portfolio. Later, upon a new major version release, the company renamed the AppAssure product to Rapid Recovery.
On November 1, 2016, Francisco Partners and Elliot Management acquired Dell Software Group, which was re-launched as Quest Software. Rapid Recovery is currently part of the Quest Software portfolio.
From Wikipedia’s article on AppAssure, shared under CC BY-SA 4.0.3