The companys software provides information management, data protection, endpoint systems management, identity and access management, and microsoft platform management software, enabling companies of all sizes to reduce the time and money spent on it administration and security, thereby helping customers to solve complex technical problems so that they have more time to focus on and invest in business innovation. Tech giant continues to sell assets ahead of its upcoming acquisition of emc. In 2012, vinny smith became the founder of toba capital, a venture capital firm headquartered in newport beach, ca. Francisco partners, a leading technologyfocused private equity firm, and elliott management corporation today announced the completion of. Quest software, one identity to operate separately from sonicwall after dell software sale. Dell agrees to offload software business to elliott management.
Dh capital served as exclusive financial advisor to quest software on the transaction. Elliott and private equity firm to buy dells software. Quest softwares top competitors are dtric insurance, agero and emergency road services corporation. Quest software, one identity to operate separately from. New york, april 11, 2018 globe newswire quest software, inc.
Quest analytics leverages better data, to build better networks, and create a better member experience. Quest software, also known as quest, is a privately held software company headquartered in. Quest launches as an independent software company backed by. Francisco partners, a leading technologyfocused private equity firm, and. Double executive departure rocks quest software arn.
Quests software is available in onpremise, cloud, and asaservice versions. John, michiganbased quest solutions, a solutions provider that partners with insurance and fleet companies and offers a. Dell announced in june that it planned to sell its entire dell software group to private equity firm francisco partners and the private equity arm of activist hedge fund elliott management. Out of 60 sectors in the mergr database, software ranked 3 in number of deals in 2019. Wilsquare capital acquires quest solutions wilsquare. Insight venture partners is a leading private equity and. The deal comes as dell works to complete its acquisition of technology giant emc corp, a deal which is expected to close by the end of october. Louis private equity firm wilsquare capital acquires. Qsft the company or quest, today announced that it had entered into definitive agreements. Why dell decided to give up its questdell software division. Quest software, also known as quest, is a privately held software company headquartered in aliso viejo, california, united states with 53 offices in 24 countries. Quest softwares competitors, revenue, number of employees.
Quest software creates distribution channel strategy as. As a subsidiary of the british software company micro focus international, attachmate was previously ran by jeff hawn, who was named new quest software ceo following the private equity buyout. Dell software businesses sold to private equity firms. The companys brands include toad, kace, quest, and foglight. Francisco partners is a leading global private equity firm which specializes in investments in technology and technologyenabled businesses. Our team is adept at identifying investment opportunities as well as fund. Louisbased private equity firm focused on acquiring and growing. Quest, a leading techenabled solutions provider for insurance companies, announced it had received a strategic. On march 9, it was announced that quest software, inc. Francisco partners, a leading technologyfocused private equity firm, and elliott management corporation today announced they have completed the previously announced acquisition of the dell software. Compared to quest software, dtric insurance has 2,662 fewer employees. Make no bones about it, the orthopedic space is seen by private equity firms as ripe for consolidation, industry sources say. Quest software and sonicwall provide missioncritical software to a large and loyal base of over 180,000 customers, and. The company said june 20 that it is selling questdell software to equity firms francisco partners of san.
Software business sold as dell sheds quest and sonicwall to fund emc deal. Dh capital advises quest software on growth equity investment from wilsquare capital. After dell softwares expected sale is completed this fall, its new privateequity owners will. Quest software, a provider of database applications and other corporate i. Francisco partners earns private equity firm of the. Quest software enters into agreement with insight venture. Quest fund placement is incorporated as a limited company in england and wales with registration number oc3529. The largest software acquisition in 2019 was tableau software which was acquired by for. Atualmente, ele faz parte dos conselhos do operating partners forum da private equity international, do special operations fund e da operative. Software business sold as dell sheds quest and sonicwall.
Francisco partners and elliott management complete acquisition of. Dell will sell its software division to private equity firm francisco partners and the private equity arm of activist hedge fund elliott management. Quest software agrees to buyout the new york times. The company sparred for weeks with a competing investor group led by insight venture partners, a private equity and. Quest was spun out of dell technologies in 2016 and is owned by private equity firms. Quest software are perhaps best known for their toad database management tools. Louis private equity firm wilsquare capital has acquired st. Within the software and technology industries, thoma bravo has helped build many of the worlds leading companies in applications, infrastructure and cybersecurity. Louisbased private equity firm, announced today it has completed the acquisition of quest solutions, llc quest, an industryleading solutions provider.
Dtric insurance is a private company that was founded in null in honolulu, hawaii. Seal software has assembled an outstanding international group of investors and advisors, encompassing hitech industry professionals and venture capitalprivate equity leaders. In conjunction with a private equity firm, quest is buying back. Quest launches as an independent software company backed. Francisco partners is a leading global private equity firm, which specializes in.
Beta news pass the hash attacks highlight need for. Dell sells software division to francisco partners and. More than 400 health plans and healthcare organizations trust quest analytics to reduce their risk for. Dell sold quest last year as part of the dell software group to private equity firm francisco partners and hedge fund manager elliott management. Quest software is a software manufacturer that develops, manufactures, and supports. From the dell software group, francisco partners carved out quest software and sonicwall, properties the techfocused firm had previously tried to buy.
Dell is selling off its software business, including quest software, sonicwall, and the statistica analytics platform, to private equity firms elliot management and francisco partners. Logmein enters into definitive agreement to be acquired by. Francisco partners earns private equity firm of the year. Techfocused private equity firm francisco partners is leading a takeprivate deal of verifone systems inc. Audax private equity partners with management teams of established, marketleading companies who have the vision and desire to create much larger entities through acquisition and organic growth.
Quest launches as an independent software company backed by francisco partners and elliott management. Founded in 1987, the company became dell software in 2012 but this entity was then sold in 2016, to francisco partners and elliott management, and rebranded as quest software. New private equity owners are driving out costs and starving innovation as a consequence. At quest advisory, we are unwavering in our commitment to human capital development within the financial services industry as well as providing bespoke financial advisory solutions to small and. Dh capital advises quest software on growth equity. It sounds like dells pending sale of sonicwall and quest software to private equity firms will be finalized around november 2016. Louisbased private equity firm focused on acquiring and growing lowermiddle. Elliott and private equity firm to buy dells software unit. Quest software tough change in ownership from dell to private. Private equity wire software executive joins clayton. See quest softwares revenue, employees, and funding info on owler, the worlds largest community. Louisbased private equity firm, announced today it has completed the acquisition of quest solutions, llc quest, an industryleading solutions provider to insurance companies based in st.
The companys services include hosted cloud services, disaster. Enterprise software vendor quest software is becoming a private company, and is also seeking a buyer, the company announced friday. Pay, a world leader in payment and commerce solutions. Crest equity partners draws its name from crest, both the top of a family coat of arms and the apex of a breaking wave. Dell sells software unit to francisco partners, elliott.
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