ALISO VIEJO, Calif.--(BUSINESS WIRE)--Quest Software, Inc. (Nasdaq:QSFT) today announced that it has signed an agreement to acquire PassGo Technologies Limited, a privately-held, Britain-based leader in access and identity management solutions. The addition of PassGo’s market-leading identity management and compliance products to Quest’s existing user authorization and authentication product set means customers will enjoy a more comprehensive method of managing users and controlling access in multi-platform environments including Microsoft’s Active Directory, Unix and other platforms including IBM zSeries and iSeries (S/390 and AS/400) systems.
“As our customers face the challenge of providing appropriate user access and better controlling what users can do when they have it, their IT departments are looking for solutions to help them better manage access and authorization,” said Vinny Smith, CEO of Quest Software. “Over the past couple years Quest has increased its focus on expanding our Active Directory-based identity management strategy to non-Windows systems, and the addition of PassGo is the next step in our effort to meet customer needs in areas like security and compliance.”
The deal is expected to close in early 2008. In his new role as Vice President, PassGo Products, PassGo CEO John Rainford will report to Steve Dickson, Vice President and General Manager of Quest’s Windows business unit.
“I’m very pleased to complement our existing identity and access management offerings with the addition of PassGo,” said Dickson. “While we remain a Windows-centric business, we can now better address the needs of enterprises managing heterogeneous environments with PassGo’s mature, multi-platform solutions.”
“PassGo is delighted to enhance the capabilities of a market-leader in access and identity management while at the same time maintaining high-level satisfaction and support for our current customers,” said Rainford. “This increases PassGo’s ability to reach new customers in new markets and gives Quest a new presence in industry modeling tools like Gartner’s ‘Magic Quadrants’ for Web Access Management and Enterprise Single Sign-On.”
About Quest Software, Inc.
Quest Software, Inc., Microsoft’s 2007 Global Independent Software Vendor Partner of the Year, delivers innovative products that help organizations get more performance and productivity from their applications, databases and Windows infrastructure. Through a deep expertise in IT operations and a continued focus on what works best, Quest helps more than 50,000 customers worldwide meet higher expectations for enterprise IT. Quest’s Windows Management solutions simplify, automate and secure Active Directory, Exchange Server, SharePoint, SQL Server, .NET and Windows Server as well as integrating Unix, Linux and Java into the managed environment. Quest Software can be found in offices around the globe and at www.quest.com.
Quest, Quest Software and the Quest logo are trademarks or registered trademarks of Quest Software in the United States and certain other countries. All other names mentioned herein may be trademarks of their respective owners.
Forward Looking Statements
This press release includes predictions, estimates and other information relating to our proposed acquisition of PassGo Technologies Limited that might be considered forward-looking statements. 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: risks that the proposed transaction or related integration activity may disrupt current plans, projects and operations; and our ability to recognize the benefits of the acquisition.
Other risks and uncertainties that may affect forward-looking statements include risks inherent in software businesses, which include but are not limited to: introducing quality products on a timely basis that satisfy customer requirements and achieve market acceptance; lengthy and variable sales cycles create difficulty in forecasting the timing of revenue; risks associated with significant foreign operations, including fluctuations in foreign currency exchange rates; aggressive competition in all of our markets, which creates pricing pressure; risks that our intellectual property rights may not be adequate to protect our business or that others may claim that we infringe upon their intellectual property rights; risks associated with the ability to retain existing personnel and recruit and retain qualified personnel; declines or delays in information technology spending; changes in the demand for our products and services; inability to maintain or expand relationships with channel partners, value added resellers and systems integrators; difficulty of improving our infrastructure in order to be able to continue to grow; and other risks described from time to time in Quest’s filings with the SEC. For a discussion of these and other related risks, please refer to our SEC filings, including our Annual Report on Form 10-K for the year ended December 31, 2005, which are available through the SEC’s EDGAR system at www.sec.gov or from Quest’s website at www.quest.com. 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.
Web Links Referenced in this Release:
Quest Software, Inc. – www.quest.com
PassGo Technologies Limited – www.passgo.com