Overview
Headquarters: Irvine, California
Insight Investment: $9.5 million in April 1999
Current Status: Public company (NASDAQ: QSFT)

Business Description
Quest Software develops software utilities to enhance the performance, integrity and availability of applications and databases within an enterprise environment.

Challenge
Quest founder Vincent Smith sought an experienced financial partner to bolster Quest's balance sheet and to help identify and fund acquisitions of businesses to complement Quest's core database tools business.

Solution
Insight invested $9.5 million in Quest in April 1999 to strengthen Quest's balance sheet and to fund multiple acquisitions.

Insight Managing Director Jerry Murdock joined Quest's Board of Directors. Following the investment, Insight recruited Oracle Chief Operating Officer Raymond Lane to join Quest's board. Quest made multiple strategic acquisitions, including the purchases of Foglight Software, MBR Technologies, Fastlane Technologies, Qmaster Software, Sitraka Software, BB4, and Client-Server Solutions, expanding its business to provide solutions for users of Microsoft, Oracle, and MySQL-based infrastructure.

Quest grew revenues from $34.8 million in 1998 to $167 million in 2000; in 2004, revenues reached $389 million. Quest completed a $65 million IPO in August 1999, followed by a $587 million secondary offering in March 2000.

Quest was recently ranked the #1 company in the Application Management Software industry by Gartner and was named to the 2004 Forbes 200 Best Small Companies list.