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- Quest Software
Quest Software Acquisition, Valuation, Funding & Investors
Quest Software was acquired by Clearlake Capital for $5.4B in November 2021, a 10.9x multiple on $495M of revenue.
Quest Software acquisition price
$5.4B
Acquired by Clearlake Capital · Nov 2021
Quest Software revenue at acquisition
$495M
Last twelve months · Nov 2021
Quest Software revenue multiple at acquisition
10.9x
EV/Revenue · Nov 2021
Key investors in Quest Software
Insight Partners
About Quest Software
Quest Software is a US enterprise-software company that develops tools for data management, cybersecurity, identity, platform operations and Microsoft environments. Its products help information-technology teams administer databases, migrate workloads, protect identities and manage hybrid infrastructure. Quest sells software licences, subscriptions, maintenance and professional support to businesses and public organisations. The company was publicly listed when it bought Vintela in 2005 and later became privately held. Vintela expanded Quest's Microsoft infrastructure-management suite into Unix, Linux, Mac and Java systems. Quest continues to operate as an enterprise software vendor from Aliso Viejo, California.
Founded
1987
HQ
Website
Status
Acquired
Customer focus
B2B
Revenue model
Subscription
Revenue
$35M (Apr 1999)
Valuation
$60M (Apr 1999)
Quest Software Acquisition
Quest Software was acquired by Clearlake Capital for $5.4B on 29 November 2021.
The acquisition price implies a 10.9x revenue multiple on $495M of revenue.
| Acquirer | Date | Type | Price | EV/Revenue |
|---|---|---|---|---|
| 29 Nov 2021 | PE buyout | $5.4B | 10.9x |
Sources: prnewswire.com
Quest Software Valuation
Quest Software is currently valued at $60M, based on its undisclosed-stage round in April 1999. Read the announcement ↗
The round included Insight Partners.
Quest Software valuation by funding round
| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Apr 1999 | Undisclosed stage | $60M | 1.7x |
Quest Software Revenue
Quest Software's latest recorded revenue is $35M, as of its undisclosed-stage round in April 1999. At a $60M valuation, that implies a 1.7x revenue multiple.
Quest Software revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Apr 1999 | $35M | $60M | 1.7x | Undisclosed stage |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Quest Software Funding History
Quest Software has raised 1 funding round.
| Date | Stage | Investors | Valuation | Deal Summary |
|---|---|---|---|---|
| Apr 1999 | Undisclosed stage | Insight Partners | $60M | Entities affiliated with Insight Venture Partners bought a 15.8% stake in Quest Software in April 1999 for USD 9.5 million, which implies a valuation of roughly USD 60 million for the whole company. UBS bought a further 4.3% of the stock at the same price at the same time, according to regulatory filings. Four months later Quest floated on Nasdaq at USD 14 per share after a stock split and closed its first day of trading up 236%. Insight co-founder Jerry Murdock later sat on the Quest board, and Quest chief executive Vinny Smith had helped found Insight and led its investment. Quest Software develops database, application and Windows management software for IT administrators. It was founded in 1987 and was led by Smith, who joined as a director in 1995 and became chief executive in 1997. |
Who has invested in Quest Software?
1 investor has backed Quest Software across its funding rounds, including Insight Partners.
Quest Software Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
This data is available for Pro users. Sign up to see all 1 Quest Software investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions by Quest Software
Quest Software has acquired 10 companies to date.
Last acquisition by Quest Software was on June 17th 2026. Quest Software acquired Anetac for undisclosed valuation.
Latest Acquisitions by Quest Software
| Description | Anetac is a cybersecurity firm delivering protection for data centers and cloud infrastructures. Its solutions include zero-trust access controls and threat detection for hyperscale environments, serving clients in finance and government sectors. Headquartered in Tel Aviv, Anetac secures over 500 data centers across Europe and the Middle East. | Erwin is a provider of data intelligence and modeling software headquartered in the United States. The company delivers the Erwin EDGE platform for data discovery, governance, and collaboration between IT and business teams. Its tools support financial institutions, healthcare providers, and government agencies in Europe and North America with metadata management and risk analytics. | Quadrotech is a Zug-headquartered developer of software for email migration and archive management. The company supplies Enterprise Migration Suite and PST Locator tools used in transitions to Microsoft Office 365, Exchange 2016, and Enterprise Vault upgrades. Serving global enterprises, Quadrotech partners with resellers in North America, Europe, and Asia Pacific for projects involving millions of mailboxes. Founded in 2012, its solutions integrate with Windows desktop refreshes and cloud infrastructures. | Binary Tree is a software provider enabling migrations of enterprise messaging systems to Microsoft platforms including on-premises Exchange, SharePoint, and cloud services like Office 365. Headquartered in the New York metropolitan area with offices in London, Stockholm, Singapore, and Sydney, it holds Microsoft Gold Certified Partner and IBM Premier Business Partner status. The firm has facilitated over 5,000 customer projects since 1993 through a global network of partners. | |
| HQ Country | |||||
| HQ City | San Francisco, CA | New York City, NY | Zug | Newark, NJ | |
| Deal Date | 17 Jun 2026 | 5 Jan 2021 | 10 Nov 2020 | 2 Sep 2020 | |
| Valuation | undisclosed | undisclosed | undisclosed | undisclosed | |
| EV/Revenue | |||||
| EV/EBITDA | |||||
This data is available for Pro users. Sign up to see all Quest Software acquisitions and their M&A valuation multiples. Start Free Trial | |||||
Quest Software Competitors
Quest Software competitors include listed companies like Topicus, DHC Software, Baosight and CCC Intelligent Solutions, and private ones like NEURA Robotics and Certus Core.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $1.7B | $383M | $6.3B | 3.5x | ||
| Publicly listed | $1.9B | $132M | $3B | 1.8x | ||
| Publicly listed | $1.6B | $283M | $6B | 3.3x | ||
| Publicly listed | $1.1B | $238M | $4.5B | 4.0x | ||
| Private | - | - | $7B | - | ||
| Private | - | - | $3.4B | - |
Quest Software Public Comps
Quest Software is no longer listed, but its public comps include Aditya Infotech, TIS, Reply, Nextdc, LG CNS, Hyundai Autoever, Octave Intelligence, Parsons, iSoftstone and Mphasis.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $448M | $60M | 11.7x | 8.8x | 87.0x | 60.3x | |||
| $3.8B | $554M | 1.4x | 1.4x | 9.7x | 8.6x | |||
| $2.7B | $512M | 1.8x | 1.6x | 9.5x | 9.0x | |||
| $344M | $135M | 20.9x | 19.2x | 53.4x | 40.5x | |||
| $4.5B | $524M | 1.0x | 1.0x | 8.7x | 8.6x | |||
| $3.1B | $313M | 1.7x | 1.5x | 16.6x | 14.5x | |||
| $1.6B | $530M | 3.7x | 3.6x | 11.3x | 10.8x | |||
| $6.4B | $543M | 1.0x | 1.0x | 12.0x | 11.9x | |||
This data is available for Pro users. Sign up to see all Quest Software competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Quest Software
| When was Quest Software founded? | Quest Software was founded in 1987. |
| Where is Quest Software headquartered? | Quest Software is headquartered in Los Angeles, CA, United States. |
| Is Quest Software publicly listed? | No, Quest Software was acquired by Clearlake Capital in November 2021. |
| Who acquired Quest Software? | Quest Software was acquired by Clearlake Capital in November 2021. |
| How much was Quest Software acquired for? | Quest Software was acquired for $5.4B in November 2021, a 10.9x revenue multiple. |
| What is Quest Software's valuation? | Quest Software was last valued at $60M in its undisclosed-stage round in April 1999. |
| What was Quest Software's last funding round? | Quest Software's last funding round was a undisclosed-stage round in April 1999. |
| Who are Quest Software's investors? | Quest Software's investors include Insight Partners. |
| What is Quest Software's revenue? | Quest Software's latest recorded revenue is $35M (April 1999). |
| What is Quest Software's revenue multiple? | Quest Software's latest valuation implies a 1.7x revenue multiple ($60M valuation on $35M of revenue). |
| Which companies are comparable to Quest Software? | Companies comparable to Quest Software include Topicus, DHC Software, Baosight, CCC Intelligent Solutions, NEURA Robotics and Certus Core. |
| How many companies has Quest Software acquired? | Quest Software has acquired 10 companies, including Anetac, Erwin, Quadrotech, Binary Tree and ApexSQL. |
| What was the largest acquisition by Quest Software? | The $117M acquisition of Aelita Software in March 2004 is the largest acquisition Quest Software has made to date. |
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