Clearlake Capital has completed its previously announced acquisition of cybersecurity provider of data intelligence and IT operations management software Quest from Francisco Partners.
The deal, terms of which were not disclosed, will see Quest’s CEO Patrick Nichols continue to lead the firm, supported by its existing executive management team.
“With Clearlake as our partner, Quest will continue to innovate and evolve our solutions to address the various challenges businesses are facing today, ranging from application migration and cloud deployment to data protection and security resiliency,” said Nichols.
From 1987 onwards, Quest has been a critical software solution provider for security-sensitive customers and an innovator in addressing rapidly evolving risks and security threats to more than 100,000 customers, 15,000 partners and 97 of the Fortune 100.
Behdad Eghbali, co-founder and managing partner, and Prashant Mehrotra, partner at Clearlake, added: “Quest is an exciting addition to Clearlake’s cybersecurity and infrastructure software portfolio, and we are thrilled to begin our partnership with Patrick and the company’s talented management team.”
Goldman Sachs acted as lead financial advisor to Quest, while J.P. Morgan acted as a financial advisor, and Paul Hastings LLP was legal advisor to Quest on the transaction.
