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Quest Software completes buyout of Surgient

Tue, 08/10/2010 - 10:13am
The Associated Press

Quest Software Inc. has completed the buyout of Surgient, a leader in private cloud automation software.

Terms of the deal for privately held Surgient, which is based in Austin, Texas, were not disclosed.

Quest CEO Doug Garn said it was a customer of Surgient and liked the company so much that Quest bought it.

Shares of Quest fell 43 cents, or 2.1 percent, to $19.96 in afternoon trading Tuesday.

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