Quest Software, a global leader in data management, identity security, and platform modernization, has secured a $350 million capital infusion as part of a strategic refinancing of its outstanding debt. The transaction, led by a majority of existing first and second lien term loan holders and backed by Clearlake Capital Group, will fuel Quest’s AI initiatives and next-generation cybersecurity solutions.
$350M Capital Injection
- Raised from existing lenders to support AI R&D and strategic growth.
- Open participation for remaining loan holders.
- Maturity Date: Aligned with existing first lien term loans — February 2029.
Enhanced Financial Flexibility
- Extended revolving credit facility to November 2028.
- De-leveraged balance sheet to improve liquidity and growth runway.
- Optimized capital structure to support near- and long-term innovation goals.
AI-Led Innovation at the Forefront
Tim Page, CEO of Quest Software, emphasized AI as a transformational opportunity:
“AI isn’t just a tech upgrade—it’s a fundamental shift in how businesses deliver value. With our software already in use by most Fortune 500 firms, we’re uniquely positioned to lead the next wave of enterprise AI adoption.”
Quest’s investment will bolster:
- AI-embedded product capabilities
- AI data readiness tools
- Agentic AI solutions for cybersecurity at machine speed
The newly announced Quest Software Center for Advanced Architecture will be central to developing these technologies.
Elevating Identity Security with AI
Mark Logan, CEO of One Identity (a standalone business unit within Quest), shared:
“We’re doubling down on AI-driven IAM, PAM, and IGA solutions. This funding allows us to strengthen identity protection and meet growing customer demand for robust, AI-enhanced security frameworks.”
One Identity will benefit from:
- AI-first development across access management, privileged control, and identity governance
- A pipeline of next-gen cybersecurity innovations
Clearlake Capital Endorsement
Clearlake Capital leadership shared their confidence in Quest’s direction:
“AI, data explosion, and cyber resilience are reshaping the enterprise software market. Quest is in a prime position to capitalize on this momentum,” said Behdad Eghbali, Prashant Mehrotra, and Paul Huber, partners at Clearlake.
Next Steps: AI Ecosystem Expansion
Quest also announced its intention to:
- Launch a partner ecosystem focused on the AI revolution
- Create specialized tracks for:
- Data partners
- Identity security providers
- Microsoft integrators (including Active Directory and EntraID environments)
Quest Software’s bold capital raise and debt refinancing not only reinforce its financial health but also mark a pivotal investment in AI-led transformation, enterprise identity security, and next-gen data governance. As the company continues to evolve its platform with embedded AI, Quest is set to redefine how global organizations manage data, secure identities, and modernize their infrastructure.