Quest Software, a global leader in data management, identity security, and platform modernization, has secured a $350 million capital infusion through a refinancing transaction with its existing lenders. Announced on May 30, 2025, this investment will accelerate Quest’s artificial intelligence (AI) initiatives, enhancing its offerings in data management and identity security to meet growing enterprise demands.
Quest Software secures $350 million to fuel AI innovation.
Funds to enhance AI-driven data management and identity security.
Refinancing extends loan maturity to February 2029.
Revolving credit facility extended to November 2028.
Investment supports Quest’s Center for Advanced Architecture.
Strengthens solutions for Fortune 500 companies’ AI adoption.
Quest Software’s $350 million capital infusion, backed by Clearlake Capital Group, strengthens its financial position to drive AI innovation. The transaction refinances existing debt, extends the maturity of new term loans to February 2029, and prolongs the revolving credit facility to November 2028. This enhanced liquidity enables Quest to pursue aggressive growth in AI-driven solutions, addressing the increasing complexity of enterprise AI adoption.
With most Fortune 500 companies relying on Quest for data management and identity security, the company is well-positioned to lead in AI innovation. “We believe AI represents not just a technological shift but a fundamental transformation in how businesses create value,” said Tim Page, CEO of Quest. The investment will bolster embedded AI capabilities across Quest’s product portfolio and enhance AI data readiness for enterprises.
One Identity, Quest’s independent business unit specializing in identity and access management (IAM), will leverage the funds to innovate its offerings. “This transaction will provide enhanced investment and liquidity, allowing us to innovate and expand our suite of identity protection products,” said Mark Logan, CEO of One Identity. The focus will be on delivering cutting-edge IAM, privileged access management (PAM), and identity governance administration (IGA) solutions to counter evolving cyber threats.
The investment will support the launch of Quest’s Center for Advanced Architecture, aimed at developing next-generation AI data management and governance solutions. Additionally, Quest is building a partner ecosystem tailored for the AI revolution, focusing on data partners, identity security specialists, and Microsoft platform integrators. “We are pleased with the completion of this transaction for Quest and all of its stakeholders,” said Behdad Eghbali, Co-Founder and Managing Partner at Clearlake, emphasizing the company’s potential to elevate its market position.
This capital infusion positions Quest Software to lead in AI-driven data management and identity security, delivering innovative solutions to help enterprises navigate the evolving technological landscape.
Quest Software creates technology and solutions that build the foundation for enterprise AI. Focused on data management and governance, identity security and platform modernization, Quest helps organizations address their most pressing challenges and make the promise of AI a reality. Around the globe, more than 130,000 companies including over 90% of the Fortune 500 count on Quest Software.
An independent and standalone business within Quest Software helps organizations get identity and access management (IAM) right. With a unique combination of offerings including a portfolio of identity governance, access management and privileged management, and identity as a service that help organizations reach their full potential, unimpeded by security yet safeguarded against threats. One Identity has proven to be a company unequalled in its commitment to its customers' long-term IAM success. More than 7,500 customers worldwide depend on One Identity solutions to manage more than 125 million identities, enhancing their agility and efficiency while securing access to their data -- wherever it might reside.
Clearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit and other related strategies. With a sector-focused, approach, the firm seeks to partner with experienced management teams by providing patient, long-term capital to dynamic businesses that can benefit from Clearlake's operational approach, O.P.S.® The firm's core private equity target sectors are technology, industrials, and consumer. Clearlake currently has over $90 billion of assets under management and its senior investment principals have led or co-led over 400 investments, and has deployed over $57 billion in liquid and illiquid credit investments globally. The firm is headquartered in Santa Monica, CA with affiliates in Dallas, TX, London, UK, Dublin, Ireland, Luxembourg, Abu Dhabi, UAE, and Singapore.
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