Quest Software has just released full year financial results for 2011, showing a strong year for the company. By the end of December 2011, Quest Software reported US$857.4 million in total revenues, representing a 11.8% increase from 2010 figures when revenue totals were US$767.1 million. Although revenues increased in 2011 compared to 2010, operating margins for the year reduced slightly from 15.7% in 2010 to 10.6% in 2011.

The fourth quarter for Quest Software was a tougher quarter than the company has experienced in the past although Doug Garn, the president and CEO of Quest Software is reported to be pleased with the annual results.

In October 2011, Quest Software acquired 60 percent voting equity interest in Smarsh Inc, a privately held company. The minority shareholder who holds the remaining 40 percent noncontrolling interest was granted the right to require us to purchase half of the 40 percent noncontrolling interest from the first anniversary until the fifth anniversary of the acquisition date.

Quest Software Inc was established in 1987 and the company provides simple and innovative IT management solutions. A total of 100,000 global customers use Quest Software, with their products providing database management solutions, data protection, identity and access management and monitoring tools.