Pure Software

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Pure Software was founded in October 1991 by Reed Hastings, who later founded Netflix and continues to serve as Netflix's CEO. It was originally designed solely around a debugging tool for engineers called Purify. After consistently doubling its revenue every year for four years, Pure Software went public with the help of Morgan Stanley in August 1995.[1][2] In August 1996, Pure Software merged with Atria to form Pure Atria Corporation.[3] Later in August 1997, Rational Software acquired Pure Atria for $750 million, giving Hastings the capital to start Netflix.[4]

[edit] Notes

  1. ^ Pure Software Inc. Announces Initial Public Offering Of Common Stock. Business Wire (August 2, 1995). Retrieved on 2008-01-10.
  2. ^ SEC Info - Pure Atria Corp - 10-K405 - For 12/31/96 - EX-13. Fran Finnegan & Company (March 28, 1997). Retrieved on 2008-01-10.
  3. ^ Atria Software and Pure Software Become Pure Atria With Shareholder Approval of Merger. PR Newswire Association LLC (August 26, 1996). Retrieved on 2007-12-01.
  4. ^ Hot Growth Special Report 2006: 29 Netflix (NFLX). Business Week. Retrieved on 2007-12-01.


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