Quest Software Secures $350 Million for AI Expansion

Quest Software has announced a $350 million capital infusion to accelerate its AI innovation and growth initiatives, announced in a press release. This new funding comes from Quest's existing lenders and is part of a refinancing transaction involving the company's outstanding debt.

The capital will support Quest's efforts to expand its AI capabilities across its software portfolio, focusing on AI data readiness technology and embedded AI features. Key initiatives include the establishment of the Quest Software Center for Advanced Architecture, which will develop next-generation solutions for AI data management and governance.

Additionally, Quest is investing in building a partner ecosystem tailored for the AI revolution, with specialized solutions for data partners and identity security specialists. The company aims to enhance its identity protection products through its independent business unit, One Identity, which focuses on identity and access management solutions.