Thursday, August 5, 2021

Dell Acquires Quest Software for $2.4 Billion

TechCrunch: The bidding war for Quest Software is over, and Dell has won. Quest originally accepted a takeover bid from Insight Venture Partners in March. An unnamed bidder–now revealed as Dell–offered a higher bid, and additional bidding rounds followed. On Monday, Dell announced that it would purchase the enterprise software firm for $28.00 per share or about $2.4 billion.

Quest reported software sales of $857 million in 2011. Dell said it was particularly interested in the Quest One Identity and Access Management product line, Quest’s Performance Monitoring solutions, Quest’s Windows Server Management solutions and Quest’s database management capabilities.

Similar articles

Latest Articles

Data Belongs in the...

In 2012, IBM made an oft-quoted claim that 90 percent of the world's data has been created in the last two years. They grossly...

Google Cloud Rolling Out...

WASHINGTON, D.C. — Google Cloud is helping the government sector with zero trust. The set of services are designed to help U.S. federal, state, and...

CFOs Committing to Digital...

STAMFORD, Conn. — More CFOs are planning to increase their spending on digital than any other part of the business in 2021. Eighty-two percent of...

SAP and IBM Partnering...

WALLDORF, Germany and ARMONK, N.Y. — SAP and IBM are working together to help financial institutions accelerate cloud adoptions and “modernize operations.” SAP plans to...