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Quest Software to acquire ScriptLogic for $90 mln in cash
June 21, 2007 / 1:26 PM / 10 years ago

Quest Software to acquire ScriptLogic for $90 mln in cash

June 21 (Reuters) - 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 statment.

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)

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