Imceda’s products are focused on the backup and administration of Microsoft’s SQL Server database, and while Quest is looking to exploit opportunities on SQL Server, it will also target the products on other platforms.
SQL Server is approximately half the size of the Oracle database market from an annual revenue perspective but is growing at a faster rate of approximately 25% per year, said Vinny Smith, Quest’s chairman and CEO. For us SQL Server is a key market and what Imceda bought to the table is SQL Server product in the backup and recovery market place and also the audit market place. We’re going to bring these products to Oracle, [IBM] UDB, Exchange, and some of these products are going to be released in the near timeframe.
Imceda’s products include LiteSpeed for rapid backup and recovery, Speed Coefficient for SQL performance profiling, the Speed Change Manager database comparison tool, Speed Turbo search application, and Speed SQL IDE integrated development environment for SQL Server.
Irvine, California-based Quest is paying $61m for privately held Imceda, with 80% in cash and 20% in Quest common stock. The deal is expected to close in the second quarter. Imceda had revenue of $8.1m in 2004, was cash flow positive in the year, and made a profit in the most recent quarter. Quest is however expecting the deal to have a neutral effect on earnings per share within the first 12 months.
