Tuesday, May 24, 2005

Quest Completes Imceda Acquisition

Irvine-based Quest Software said yesterday that it has completed its acquisition of Imceda, a provider of database administration products. Quest announced the acquisition of Imceda in April for $46.5M in cash, and will add Imceda's products to its product portfolio. Imceda's LiteSpeed product is a leading backup and recovery solution for the SQL Server market, and includes features such as compression and encryption.