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Clearlake Capital Completes Acquisition Of Quest

Feb 02, 2022over 3 years ago

Acquiring Company

Clearlake Capital

Acquired Company

Quest

Santa MonicaAliso ViejoOther

Description

Clearlake Capital Group, L.P. (together with its affiliates "Clearlake") today announced that it has completed its previously announced acquisition of Quest Software ("Quest" or the "Company"), a global cybersecurity, data intelligence, and IT operations management software provider, from Francisco Partners. Quest CEO Patrick Nichols will continue to lead the Company supported by the existing executive management team. Terms of the transaction were not disclosed.

Company Information

Company

Clearlake Capital

Location

Santa Monica, California, United States

About

Clearlake Capital Group, L.P. and Francisco Partners are global private equity firms with a strong track record of investing in growing software platforms. They specialize in working with leading technology companies to carve out divisions and business units that can benefit from greater focus and flexibility as standalone entities, and where their operating teams can bring resources and expertise to help accelerate growth.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed