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Quest Software Completes Acquisition of Imceda Software, Inc

  • 24 May, 2005 18:24

<p>Quest’s Product Portfolio Expands to Include Backup and Recovery and Security Auditing Solutions</p>
<p>IRVINE, Calif., May 24, 2005 – 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.</p>
<p>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.</p>
<p>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.</p>
<p>Under the terms of the definitive agreement announced on April 26, 2005, Quest is paying $US46.5 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.</p>
<p>About Quest Database Management Solutions</p>
<p>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.</p>
<p>About Quest Software, Inc.</p>
<p>Quest Software, Inc., a leader in application management, provides software for Application Confidence to 18,000 customers worldwide, including 75 percent of the Fortune 500. Quest products for application performance management, database management and Microsoft infrastructure management help customers develop, deploy, manage and maintain enterprise applications without expensive downtime or business interruption. Headquartered in Irvine, Calif., Quest Software can be found in offices around the globe including Melbourne and Sydney and at www.quest.com.</p>
<p>For further information contact 03 9811 8020.</p>
<p>Quest and Quest Software are registered trademarks of Quest Software, Inc. The Quest Software logo and all other Quest Software product or service names and slogans are registered trademarks or trademarks of Quest Software, Inc. All other trademarks and registered trademarks are property of their respective owners.</p>
<p>Forward Looking Statements
This release may include predictions, estimates and other information that might be considered forward-looking statements, including statements relating to the acquisition and integration of Imceda Software and anticipated benefits of the acquisition. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ from those anticipated as a result of various factors, including difficulties encountered in integrating Imceda Software’s business, uncertainties as to whether certain market segments will grow as anticipated, the competitive environment in the software industry and competitive responses to the transaction, and whether the companies can successfully develop new products and the degree to which these gain market acceptance. Other risk factors include the impact of economic conditions on our customers; variations in the size and timing of customer orders; competitive products and pricing; rapid technological change; risks associated with the development and market acceptance of new products; disruptions caused by acquisitions of companies and/or technologies; risks associated with international operations; and the need to attract and retain qualified personnel. For a discussion of these and other related risks, please refer to our recent SEC filings, including our Annual Report on Form 10-K for the year ended December 31, 2004 and our Quarterly Report on Form 10-Q for the quarter ended March 31, 2005. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date thereof. We undertake no obligation to update forward-looking statements to reflect events or circumstances after the date thereof.</p>

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