Clearlake Capital to Acquire Quest Software

Clearlake Capital to Acquire Quest Software

Private equity firm Clearlake Capital Group LP has agreed to acquire Californian tech company Quest Software from its current owner, Francisco Partners

The terms of the planned transaction have not been disclosed. However, Quest has been valued at $5.4bn, including debt, according to unnamed sources quoted by The Wall Street Journal.

statement announcing the acquisition was released earlier today. It revealed that current CEO of Quest, Patrick Nichols, will remain at the helm after the acquisition has been completed to lead the existing executive management team. 

"IT teams worldwide rely on Quest to help them solve critical challenges that enable business growth and address crucial strategic initiatives. Quest has evolved to become a market leader in identity-centric cybersecurity, data intelligence and IT operations management, and I want to thank Francisco Partners for helping Quest realize this vision," said Nichols.

"Our new partnership with Clearlake will accelerate Quest's momentum as a leader and innovator as we increase our investment pace in our core product roadmaps, cloud/SaaS offerings, and global presence. We will continue to expand our customer base as computing environments and related management, modernization, and security challenges, become more complex."

Quest was founded in 1987 and is headquartered in Aliso Viejo. The company

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