Vendor lineage
Quest Software - sold to buy something else
Systems and database management vendor founded 1987, bought by Dell, then sold onward twice.
Quest Software was founded in 1987 in California, initially writing high-availability and middleware software for Hewlett-Packard minicomputers, and became widely known for Toad, a tool database administrators use daily. Dell bought it in 2012 for US$2.36 billion; four years later it was sold again, and again in 2021.
The 2016 sale is the part worth stating plainly, because the reason is unusually legible. Dell needed money for its acquisition of EMC, so it sold the software division it had assembled - Quest, SonicWall and the identity business with them. A company that had been bought to complete a portfolio was sold to finance a larger purchase, and the customers of all three found themselves under new ownership as a consequence of a transaction they had no part in.
One Identity came out of that group as its own brand in 2017 and sits in the same field as the identity vendors this site works with. Identity governance, privileged access and directory recovery are the unglamorous half of security: nobody buys them after a demonstration, and every organisation discovers it needed them at the worst possible moment.
There is a coincidence in the ownership worth noticing, because this timeline now records both sides of it. The private equity firm that took this company out of Dell is the same one that took Procera Networks private and merged it with Sandvine. A single investor held the deep packet inspection vendor and the identity management vendor at the same time - which says something about how this industry is actually assembled that no product comparison would show.
- Quest Software (Wikipedia): founded 1987 in Newport Beach, California, with high-availability and middleware products for HP Multi-Programming Executive; known for Toad; acquired by Dell in 2012 for US$2.36 billion to form Dell Software; in June 2016 Dell announced the sale of its software division, including Quest, SonicWall and One Identity, to Francisco Partners and Elliott Management, completed 1 November 2016, and the company relaunched as Quest Software; One Identity was announced as an independent brand on 1 June 2017 while remaining part of the Quest family
- Blocks & Files, November 2021 - Quest was started in 1987 and grew to 100,000 customers before Dell bought it and combined it with SonicWall; Dell, needing money to help buy EMC, sold the group to Francisco Partners and Elliott Management in mid-2016; Clearlake Capital then bought Quest from Francisco Partners for US$5.4 billion including debt
- Francisco Partners announcement of the sale of Quest Software, November 2021 - describing the portfolio across One Identity and OneLogin, platform management for Microsoft environments, information management and erwin by Quest including Toad for Oracle, Foglight and SharePlex, and data protection with NetVault and Kace