Quest Software to Acquire Imceda Software Inc.; Quest Extends SQL Server Database Management Product Portfolio; Enters Database Backup/Recovery and Security Auditing Markets

Business Wire, April 26, 2005

IRVINE, Calif. & BURLINGTON, Mass. -- Quest Software Inc. (Nasdaq:QSFT), a leading provider of application, database and Windows management solutions, and Imceda(TM) Software Inc., a privately held leader in database administration and development products for SQL Server databases, today announced a definitive agreement for Quest to acquire Imceda. The acquisition will significantly expand Quest Software's portfolio of products for managing SQL Server databases and marks Quest Software's entry into the database backup/recovery and security auditing markets.

The acquisition is valued at approximately $61 million, of which 20 percent will be paid in shares of Quest Software Common Stock and the balance will be paid in cash. Quest currently expects that the transaction will be completed in the second quarter of 2005, subject to customary closing conditions and regulatory approvals including expiration of the applicable Hart-Scott-Rodino waiting period, and that it is estimated to be neutral to fully diluted earnings per share within the first 12 months of closing, and accretive thereafter.

"I am excited about the strengths Imceda brings to Quest in the Microsoft SQL Server market," said Vinny Smith, chairman and CEO, Quest Software. "Imceda has a rich product line, complementary to Quest's current SQL Server diagnostic and management solutions. Imceda will also add significant technology and development expertise in the fast-growing database backup and recovery and database security auditing markets. Our combined product offering will be among the most comprehensive and robust solutions available to manage the SQL Server database lifecycle."

With more than 3,000 licensed customers, Imceda's LiteSpeed is the market-leading rapid backup and recovery solution for SQL Server. LiteSpeed provides integrated compression and encryption in the backup process, which helps companies save thousands of dollars in storage costs and eliminate hours from traditional backup and restore times. Imceda's award-winning product portfolio also includes: Speed Coefficient for SQL performance profiling; Speed SQL IDE, an integrated development environment for SQL Server; Speed Change Manager, a simple yet powerful database comparison tool; and SQL Turbo, a search application that increases the performance of SQL Server's native text retrieval features.

"Imceda is pleased to be joining such a significant leader in the heterogeneous database management industry," said Walter Scott, CEO, Imceda Software, and Douglas Crystal, founder and chief technology officer, Imceda Software. "Quest and Imceda have a common vision for increasing the performance and productivity of today's critical database platforms. The Quest/Imceda combination will quickly deliver a powerful and comprehensive set of solutions for SQL Server databases."

Conference Call and Webcast

Quest Software will discuss details of the Imceda Software acquisition on a special conference call for financial analysts, investors and the news media today, Tuesday, April 26, 2005, at 2 p.m. Pacific time. The call may be accessed by dialing 800-562-8369 (from the U.S. or Canada) or 913-312-1299 (outside the U.S. and Canada), using confirmation code: 2315450. Vinny Smith, chairman and CEO, Quest Software, and Brinkley Morse, senior vice president, corporate development, Quest Software, will host the call.

The conference call can be accessed via live webcast through the "Investors" section of Quest Software's Web site: www.quest.com. A webcast replay will be available on the same Web site through April 26, 2006. An audio replay of the call will also be available through May 10, 2005, by dialing 888-203-1112 (from the U.S. or Canada) or 719-457-0820 (outside the U.S. and Canada), using confirmation code: 2315450.

About Quest Database Management Solutions

Quest Software is a leading provider of heterogeneous database management solutions for distributed systems including Oracle, SQL Server, DB2, Sybase and MySQL Network database platforms. Working to simplify and automate database management activities, Quest's award-winning products quickly find and fix SQL coding, space, and configuration problems for increased productivity and better database quality and performance. Quest database management products help organizations manage their entire database lifecycle from code quality and optimization to performance and availability to change and configuration management.

About Quest Software Inc.

Quest Software Inc. delivers innovative products that help organizations get more performance and productivity from their applications, databases and infrastructure. Through a deep expertise in IT operations and a continued focus on what works best, Quest helps more than 18,000 customers worldwide meet higher expectations for enterprise IT. Quest Software, with headquarters in Irvine, can be found in offices around the globe and at www.quest.com.

About Imceda Software Inc.

Imceda's software solutions offer faster database performance, easy implementation and the flexibility to implement change management and control documentation as well as performance analysis to increase scalability. Founded in 1999 on the principle that great engineering makes great products, Imceda is privately held with locations in the U.S., the U.K. and Australia. For more information visit www.imceda.com.