Quest Software Secures $350 Million AI Growth Capital
Deal News | May 30, 2025 | Clearlake Capital
Quest Software, backed by Clearlake Capital, has announced a significant refinancing transaction involving a capital infusion of $350 million from its existing lenders. This financing is set to accelerate Quest's initiatives in artificial intelligence (AI) innovation and growth. Existing lenders have committed to this new round, which aligns with the maturity dates of Quest's current loans. The refinancing includes extending the maturity of Quest's revolving credit facility to November 2028, which secures financial flexibility. Quest, a leader in data management and identity security, is aiming to leverage AI to create value for enterprises. Clearlake's partners expressed confidence in Quest's potential amidst AI adoption and data proliferation. Mark Logan, CEO of One Identity, highlighted the importance of AI in identity management sectors, aiming to enhance products and meet evolving marketplace demands. Quest is also establishing a center for advanced architecture and partnering with industry specialists to harness the promise of AI.
Sectors
- Software & Technology
- Private Equity
- Financial Services
Geography
- United States – Quest Software is based in the United States, where much of the business operations and strategic growth is focused.
Industry
- Software & Technology – The article discusses investment in Quest Software, a company involved in data management, identity security, and AI innovations.
- Private Equity – Clearlake Capital, a private equity firm, is involved in the investment and refinancing of Quest Software.
- Financial Services – The article discusses a refinancing transaction and capital infusion, key components of financial services industry.
Financials
- 350000000 – The capital infusion amount that is being provided to Quest Software by Clearlake Capital.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Quest Software | Target Company | Company | A leader in data management, identity security, and modernization backed by Clearlake Capital. |
| Clearlake Capital | Investor | PE Firm | A private equity firm providing a $350 million capital infusion and currently managing over $90 billion in assets. |
| One Identity | Business Unit | Company | A standalone business unit within Quest, focusing on identity and access management solutions. |
| Tim Page | CEO | Person | CEO of Quest Software, advocating the company's AI-driven growth strategy. |
| Behdad Eghbali | Co-Founder and Managing Partner | Person | Co-founder and Managing Partner of Clearlake Capital, expressing confidence in Quest's market opportunities. |