Thursday, May 6, 2021

Quest Software Bid Raised to $2.32 Billion

The Wall Street Journal: Shortly after receiving a $2.17 billion acquisition bid from Insight Venture Partners and Vector Capital, Quest Software says it has received a $2.32 billion offer from an unnamed “strategic bidder.” Insight made the original bid of $23 a share for Quest back in may, but was later bested by the unknown bidder, which was reported to be Dell. Insight made a new bid of $25.75 after bringing Vector Capital into the deal, but now that bid has been topped by a $27.50 per share bid from the same previous bidder. The Insight Group now has the opportunity to sweeten its bid, if it chooses.

Quest makes data management software.

Similar articles

Latest Articles

What is Raw Data?

By itself, raw data doesn’t look like much or mean much, but it has the potential to be processed for analysis.  Processed data comes from...

What is Data Analysis?

Everything measurable that has happened, is happening, and will happen in a business can be boiled down to data. But not all data is...

IBM Begins Cloud Confidentiality...

IBM has positioned its cloud offering against the unique security, compliance and confidentiality needs of specific vertical markets with a sharp focus on finance...

Top Big Data Certifications...

The term Big Data reflects a very real growing trend. By 2020, every human will be generating an astounding 1.7 MB per second. That...