![]() The transaction is expected to close in the first quarter of 2022 and doesn’t include SonicWall, which is owned by private equity firm Francisco Partners and activist hedge fund Elliott Management. “We will continue to expand our customer base as computing environments and related management, modernization and security challenges become more complex.” “Our new partnership with Clearlake will accelerate Quest’s momentum as a leader and innovator as we increase our investment pace in our core product road maps, cloud/SaaS offerings and global presence,” Nichols said in a statement. ![]() Francisco Partners bought Quest and SonicWall from Dell Technologies in 2016 for $2.4 billion. Terms of the transaction weren’t disclosed, although The Wall Street Journal reported the $5.4 billion purchase price Sunday. The Aliso Viejo, Calif.-based cybersecurity, data intelligence and IT operations management software provider will continue to be led by Patrick Nichols, who has served as CEO since April 2020. Clearlake Capital has agreed to purchase Quest Software for a reported $5.4 billion including debt after a half-decade of being owned by Francisco Partners.
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