Funding to Velocity up Progress and Drive Continued SaaS Bookings Momentum In a single Id/OneLogin, the Enterprise’s Most Full Unified Id Cybersafety Computer software Platform
New Platform Funding to Drive Strong Buy-and-Construct Method and Assist Quest Clients and Companions by way of Digital Transformation in Cybersafety, Knowledge Intelligence, And that iT Operations
SANTA MONICA, Calif. and ALISO VIEJO, Calif., Nov. 29, 2021 (GLOBE NEWSWIRE) — Quest Computer software (“Quest” or the “Agency”), A worldwide cybersafety, data intelligence, And that iT operations administration software supplier, introduced it signed a definitive settlement with Clearlake Capital Group, L.P. (Collectively with sure of its associates, “Clearlake”) To accumulate The company from Francisco Companions. Patrick Nichols, current CEO of Quest, will proceed To steer The company supported by The prevailing authorities administration group. Upon closing of the transaction, Clearlake will Discover your self to be The majority shareholder in Quest. The time durations of the transaction Weren’t disclosed.
“We now have prolonged admired Quest as A quantity one identity-centric cybersafety, data intelligence, And that iT operations administration software platform and The company’s software options that help safe enterprise IT environments,” said Behdad Eghbali, Co-Fobeneath and Managing Companion at Clearlake. “We’re excited to partner with Patrick and Carolyn McCarthy, Quest’s CFO, to make the most of Clearlake’s O.P.S.® framework To help The company strengthen its strategic growth plans together with biggest practices to accelerate cloud/SaaS adoption and support its buy-and-build strategy.”
“IT groups worldwide DepWind upon Quest To help them clear up essential problems that allow Industry growth and tackle essential strategic initiatives. Quest has superior To Wind up to be a market chief in identity-centric cybersafety, data intelligence, And that iT operations administration And that i even Want to thank Francisco Companions for serving to Quest understand this imaginative and prescient,” said Patrick Nichols, CEO of Quest. “Our new companionship with Clearlake will accelerate Quest’s momentum as A temposetter and innovator as we enhance our investment tempo in our core product roadmaps, cloud/SaaS choices, and worldwide presence. We’ll proceed to increase our buyer base as computing environments and associated administration, modernization, and safety problems, Discover your self to be extra complicated.”
“We’re Joyful with the tremfinishous progress Quest has made since re-launching as an indepfinishent company, And that i need To acinformation Patrick Nichols and the administration group for robust execution,” said Dipanjan “DJ” Deb, Co-Fobeneath and CEO of Francisco Companions. “We now have An extfinished and revenueable monitor doc executing diimaginative and presciental carve-out transactions and are grateful to have had The prospect to work with The search group to create worth for the company, its buyers, and its companions. We want The search group properly Inside their new companionship with Clearlake.”
Based in 1987, Quest Computer software has constructed a popularity over three many years as a essential software reply supplier for safety-delicate buyers and A temposetter of innovation tackleing quickly evolving risks and safety menaces. Quest permits right now’s edgeless IT ecosystem – throughout people, purposes, and data to finishpoints – permitting buyers To take care of administrations, mitigate and include safety menaces proactively, and primarytain operational up-time whereas reducing prices.
Quest’s key Industry segments embrace:
- One Id and OneLogin, making Quest The one identity-centric cybersafety software vfinishor offering industry-acknowledged main options throughout all elements of a unified identity safety and administration strategy essential to taming identity sprawl …….