Quest Software Acquires Sitraka Outstanding Securities

On November 1, 2002, Irvine, California-based Quest Software, Inc., a leading provider of application management solutions, acquired all the outstanding securities of Toronto-based Sitraka Inc. Sitraka is a privately-held company that provides application-server performance management. The purchase price was approximately US$55 million in cash.

The Quest team was co-ordinated by Juli Ackerman, vice-president, business development, and by J. Michael Vaughn, in-house counsel. In Canada, Quest was represented by Macleod Dixon LLP, with a team including Joel Friley, Craig Hoskins and KayLynn Litton (corporate) and Craig Maurice (tax) in Calgary and Edward Heakes (tax) in Toronto.

In Canada, Aird & Berlis LLP acted for Sitraka, with a team comprised of Jay Lefton and Richard Kimel (corporate) and Henry Chong (tax); assisted by Constance Crosby of Byrne Crosby in Toronto. Investment bank, J.P. Morgan H&Q in San Francisco, also advised Sitraka.


Jay A. Lefton Constance L. Crosby Edward A. Heakes KayLynn G. Litton Richard M. Kimel R. Craig Hoskins Craig A. Maurice Joel S. Friley Henry Chong