Quest Completes Its All-Stock Foglight Deal

Quest Software Inc., an Irvine software developer, said Monday that it has completed its all-stock acquisition of closely held Foglight Software in Pleasanton in a deal valued at $104.4 million.

Under the terms of the acquisition agreement, Quest issued about 1.2 million shares of its common stock for all outstanding Foglight shares, options and warrants. With Quest’s stock price rising, the value of the deal on Monday surpassed the original estimate of $86.3 million.

Quest shares rose $4 to close at $87 a share Monday in Nasdaq trading.

With the purchase, Quest will get Foglight’s Real-Time Application Performance System, which monitors applications and automatically corrects problems or alerts system managers.

Foglight also has a number of prominent e-business customers, including Cisco Systems, Lucent Technologies, Discover Brokerage, eBay, iVillage, Sun Microsystems and Wells Fargo Internet Banking.