Quest Software Secures $350M for AI Innovation and Growth

Quest Software has secured $350 million through a refinancing agreement with its existing lenders to fuel AI-driven innovation and accelerate growth. The funding extends the maturity of its term loans to February 2029 and its revolving credit facility to November 2028, giving the company greater financial flexibility for expansion. Quest, a global leader in data management, identity security, and platform modernization, plans to channel these funds into advancing AI capabilities across its product suite. Key initiatives include strengthening identity and access management through its One Identity division, developing a new “Center for Advanced Architecture,” and expanding its global partner ecosystem focused on data, security, and Microsoft integrations. This significant investment positions Quest Software to help enterprises, including many Fortune 500 companies, address complex AI, data, and cybersecurity challenges while driving innovation in the evolving tech landscape.