Irvine-based Quest Software Inc. said Tuesday it plans to buy privately held Imceda Software Inc. for $61 million.
Burlington, Mass.-based Imcdea makes tools to develop software for databases. Quest’s software works alongside databases to make them easier to use.
The deal stands to expand Quest’s products that help manage SQL server databases. While Quest’s main focus is to develop software for systems based on Oracle Corp. databases, it has been developing products for other database software, such as the SQL standard.
The deal is mainly for cash. Quest will use its stock to pay for about 20% of the acquisition, which is expected to close in the second quarter.
The deal, which needs regulatory approval, isn’t expected to hit Quest’s earnings in the first 12 months after it closes. Then Quest expects Imceda to add to its profits.
“Imceda has a rich product line, complementary to Quest’s current SQL server diagnostic and management solutions,” said Vinny Smith, Quest’s chairman and chief executive, in a release. “Imceda will also add significant technology and development expertise in the fast-growing database backup and recovery and database security auditing markets.”
