Quest Software Completes Acquisition Of Vintela Software, Inc.
- 14 July, 2005 18:02
<p>Quest Expands Beyond Windows Infrastructure Management to
Enable the Integration of the Heterogeneous Enterprise</p>
<p>IRVINE, Calif., July 14, 2005 – Quest Software, Inc. (Nasdaq: QSFT), a leading provider of application, database and infrastructure management solutions, today announced that it has completed the acquisition of Vintela, Inc., a privately-held leader in innovative platform integration solutions. The acquisition expands Quest’s product portfolio of infrastructure management solutions to allow existing Microsoft products—such as Active Directory, Windows Group Policy, Systems Management Server (SMS) 2003, and Microsoft Operations Manager (MOM) 2005—to integrate with systems outside the realm of Windows—including Unix, Linux, Java and Mac systems.</p>
<p>“At Quest, everything we do is focused squarely on helping our customers achieve the greatest benefit from their existing IT investments,” said Vinny Smith, chairman and CEO, Quest Software. “While we have been heterogeneous in our approach to managing applications and databases, we have previously focused our infrastructure management products only on the Windows platform. With the addition of the Vintela products, and the talented people who created them, we can now help our customers better manage their cross-platform infrastructure through integration that extends the value of our management products beyond Windows.”</p>
<p>Under the terms of the definitive agreement announced on May 31, 2005, Quest is paying approximately $57.4 million in cash for the outstanding shares of Vintela, and assuming Vintela options that will convert into options to purchase approximately 1.4 million shares of Quest common stock.</p>
<p>About Quest Software, Inc.
Quest Software, Inc. delivers innovative products that help organizations get more performance and productivity from their applications, databases and infrastructure. Through a deep expertise in IT operations and a continued focus on what works best, Quest helps more than 18,000 customers worldwide meet higher expectations for enterprise IT. Quest Software, headquartered in Irvine, Calif., can be found in offices around the globe including Melbourne and Sydney and at www.quest.com.</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 Vintela, Inc. 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 Vintela’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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