Quest Software Acquires FastLane Technologies

Quest Software, Inc. (Quest), a leading provider of software for managing and monitoring business-critical applications, has acquired FastLane Technologies Inc. (FastLane), a leading provider of directory management software for Microsoft platforms. The deal was completed on September 11, 2000, resulting in the acquisition of privately-held FastLane through a Canadian subsidiary corporation in exchange for cash and shares and options to acquire shares in the subsidiary company, which shares are exchangeable for common stock in Quest Software, Inc. The total value of the transaction was approximately US$100 million.

The acquisition positions California-based Quest as a leading vendor in the Microsoft systems management market, with complete solutions that enable enterprise deployments and ongoing management of Windows 2000. FastLane, which will operate as a separate division of Quest, represents the most recent in a series of the company’s acquisitions. Since Feburary 2000, Quest has also acquired, through Canadian subsidiaries, two other Canadian software development companies: QMASTER Software Solutions Inc. of Calagary, and MessageWise Inc.

Macleod Dixon LLP in Calgary acted for Quest with a corporate law team consisting of Joel Friley, Craig Hoskins, KayLynn Litton, Kevin Helfand and Lorne Rollheiser, with James McKee and Craig Maurice providing tax advice while intellectual property expertise was provided by Harry Ludwig, Jason Kitts and Jolan Storch. FastLane was represented by a team from Borden Ladner Gervais LLP’s Ottawa office, with corporate and securities law advice provided by Jeremy Farr and Patricia John, and tax advice from Bernard Roach.