Clearlake Capital completed the acquisition of Quest Software from Francisco Partners.

Clearlake Capital, an investment firm, completed the acquisition of Quest Software, a global cybersecurity, data intelligence, and IT operations management software provider, from Francisco Partners, a private equity firm. Financial terms were not disclosed. “We have long admired Quest as a leading identity-centric cybersecurity, data intelligence, and IT operations management software platform and the Company’s software solutions that help secure enterprise IT environments. We are excited to partner with Patrick and Carolyn McCarthy, Quest’s CFO, to utilize Clearlake’s framework to help the Company strengthen its strategic growth plans including best practices to accelerate cloud/SaaS adoption and support its buy-and-build strategy,” Behdad Eghbali, Clearlake Co-Founder and Managing Partner.