After the spin-off, Clearlake Capital will remain the sole owner of One Identity, Logan said. In IT, the next one is always around the corner – the next need, the next threat, the next technology. As a result, your challenges never stop. Neither do we. From platform migrations and cloud deployments to security and governance, we help you build true IT resiliency for your data, infrastructure, and systems. In an interview with CRN, Logan, who has led a number of privately funded tech companies over the past 20 years, made clear that his appointment was the first step toward splitting One Identity, which has 1,000 employees, into an independent company. Buyer Behdad Eghbali, co-founder and managing partner of Clearlake, made a takeover bid, stating, « We have long admired Quest as the leading identity-centric software platform for cybersecurity, data intelligence and IT operations management, as well as the company`s software solutions that help secure enterprise IT environments. » « This will be a process that will take some time, » Nichols said in the statement. « We are investing heavily in One Identity with Mark Logan as our first [CEO]. One Identity is poised to become the only company capable of providing a truly unified identity security platform. Our business model offers the stability of a global business with the agility and innovation of smaller, focused product teams. As for One Identity`s distribution strategy, Logan said he wants to increase the percentage of the company`s business through the channel. The SonicWall information security portion of this Dell division was spun off from Francisco Partners in November of that year, and Quest was laid off and reorganized. Since 1987, we have been providing software solutions for the ever-changing world of enterprise computing.
Quest`s solutions protect and empower users and data, streamline IT operations, and strengthen cybersecurity from within. We have the experience to help you manage and monitor your databases, take control of your hybrid environments, and secure them all with security solutions that enable you to face the next threat. We are Quest – Where Next is Now. « Active Roles is a powerful tool that reduces risk by giving us more security, clarity and transparency, as well as automatic provisioning. This gives us solid identity and access management. At Quest, we have a passion for two things: enterprise software and our customers. We create and manage solutions that help you find the most direct and cost-effective path to your next goal in database and systems management, Active Directory and Office 365 management, and cybersecurity resilience. Here are a few reasons why we`re different: Mark Logan, who most recently served as CEO of LogRhythm in Boulder, Colorado, was quietly named CEO of One Identity late last month, becoming the unit`s first full-time CEO, the company announced Tuesday. Founded in 1987, Quest grew to the point where it was purchased by Dell with 100,000 customers, which combined it with information security company SonicWall. Dell, which needed money to buy EMC, sold everything to private equity firm Francisco Partners and Elliott Management in mid-2016 in a deal valued at $2 billion.
In a statement, Narayan Sharma, Global Head of IAM and Cybersecurity Advocacy Platforms at One Identity partner Tata Consultancy Services (TCS), expressed confidence in One Identity`s ability to make One Identity an independent company. Salesman Dipanjan « DJ » Deb, co-founder and CEO of Francisco Partners, said, « We are proud of the tremendous progress Quest has made since its relaunch as an independent company, and I would like to thank Patrick Nichols and the management team for their strong execution. We have a long and successful track record of executing carve-out transactions and are grateful to have had the opportunity to work with the Quest team to create value for the company, its customers and partners. We wish Quest every success in their new partnership with Clearlake. Five months after its acquisition by Clearlake Capital, Quest Software hired a new CEO for its One Identity business to prepare for a potential spin-off of its identity security business. Jay Fitzgerald is Cybersecurity Editor at CRN. Previously, Jay freelanced for the Boston Globe, Boston Business Journal, Boston Magazine, Banker & Tradesman, MassterList.com, Harvard Business School Working Knowledge, National Bureau of Economic Research and others. It can be carried out in firstname.lastname@example.org. « Mark`s extensive experience building enterprise software companies makes him the ideal candidate to lead One Identity, » he said. « One Identity is the market leader as the only company to offer a truly unified identity security platform, and I am confident that Mark`s expertise will help the company continue to benefit from its market leadership. » Patrick Nicholls, CEO of Quest, who was appointed in May 2020 and remains CEO, said, « Quest has become a leader in identity-centric cybersecurity, data intelligence, and IT operations management, and I want to thank Francisco Partners for helping Quest realize this vision. Our new partnership with Clearlake will accelerate Quest`s momentum as a leader and innovator as we accelerate our pace of investment in our core product roadmaps, cloud/SaaS offerings, and global presence.
« We`ve seen an immediate return on investment by dramatically reducing the man-hours required for migration, and we no longer worry about the risks associated with you… « The careful planning we`ve done [with Recovery Manager for Active Directory] to ensure the resiliency of this environment means we`ve purchased the right insurance plan. Our purpose, vision, philosophy and values are the foundation of Quest.