Dell Made Rival $2.15 Billion Bid for Quest: Sources

Sources say the PC maker is trying to outbid Insight Venture Partners for Quest Software.


Innovate and Thrive: How to Compete in the API Economy

Reuters: Unnamed sources tell Reuters that Dell is the company making a $2.15 billion bid to purchase Quest Software. In March, Quest agreed to a purchase by Insight Venture Partners for $23 per share, with the provision that Insight would have the right to match rival offers. On Thursday, Dell revealed that it had received a competing bid for $25.50 per share, but did not say which company had made the bid.

Quest, which makes software which monitors network traffic, is one of Dell's five largest partners.

Tags: software, Dell, networks, Quest, merger and acquistion activity

0 Comments (click to add your comment)
Comment and Contribute


(Maximum characters: 1200). You have characters left.



IT Management Daily
Don't miss an article. Subscribe to our newsletter below.