June 21 Quest Software Inc. QSFT.O said it
agreed to buy privately held ScriptLogic Corp. for about $90
million in cash to expand its presence in the small- and
medium-sized business space.
ScriptLogic will operate as a wholly owned subsidiary of
Quest after the acquisition, which is expected to be completed
by early third quarter, the technology company said in a
ScriptLogic, which had revenue of around $20 million last
year, provides solutions for Microsoft Windows-based networks
and has more than 19,000 customers, including many leading
small and medium-sized businesses, the company said.
(Reporting by Avishek Mishra in Bangalore)