Quest Software, an IT management software vendor, will hire tech employees as well as accounting personnel after seeing business increase, according to CFO Scott Davidson.

"From 2009 to 2010 we saw an uptick in business and we expect continued growth in 2011," Davidson writes an email interview. "To account for this expected growth, I am looking to add key staff in very specific areas, primarily to support new IT/system related initiatives and M&A accounting. We also expect to hire in EMEA, where we're transitioning to a shared service model that requires accounting/finance to be a key part of the team."

Davidson uses the term "guarded optimism" to describe the Aliso Viejo, California, company's growth potential, noting that as an international company, issues beyond U.S. borders influence its business.

"We monitor many data points on the geopolitical radar screen which, when coupled with existing frail economic data across many developed nations, point to a very slow return to positive growth."

Internationally, a staggering U.K. market, sovereign debt in Ireland, Spain and Italy, and political unrest in the Middle East and Africa threaten Quest and the tech sector's fiscal health, Davidson said.