Quest Software Completes Acquisition of Imceda Software, Inc.
¡ª¡ªFrom Quest Sofrware Inc. May 23, 2005
Quest¡¯s Product Portfolio Expands to Include Backup and Recovery and Security Auditing Solutions
Quest Software, Inc. (Nasdaq: QSFT), a leading provider
of application, database and Windows management solutions,
today announced that it has completed the acquisition of
Imceda Software, a privately-held leader in database administration
products for SQL Server databases. The acquisition expands
Quest¡¯s product portfolio to include backup and recovery
and security auditing solutions and enables Quest to offer
one of the most comprehensive product sets for the growing
SQL Server database market.
With more than 3,000 licensed customers, Imceda¡¯s LiteSpeed?
is a market-leading rapid backup and recovery solution for
SQL Server. It provides integrated compression and encryption
in the backup process, which helps companies save thousands
of dollars in storage costs and eliminate hours from traditional
backup and restore times.
Quest will maintain the brand and technological integrity
of the well-known LiteSpeed product line. Quest also intends
to integrate Imceda¡¯s other database and storage management
software products into its current line of solutions for
database management.
Under the terms of the definitive agreement announced on
April 26, 2005, Quest is paying $46.5 million in cash, issuing
942,855 shares of Quest Software Common Stock and assuming
Imceda options that will convert into options to purchase
approximately 325,000 Quest shares.
About Quest Database Management Solutions
Quest Software is a leading provider of heterogeneous database
management solutions for distributed systems. Quest delivers
award-winning products that simplify and automate the management
of Oracle, SQL Server, DB2, Sybase and MySQL database platforms.
|