Dell's Quest deal goes through

Stefan Mileschin · 3rd July 2012, 07:03

Tinman Michael Dell has formally announced that he is buying Quest Software for US$2.4 billion.

The announcement follows weeks of rumour, speculation and leaks over Michael's interest in the infrastructure software vendor.

The deal is expected to close later this year after all the regulators have had a snuffle.

Quest owns the Toad database management toolset, Quest One Identity management software, and the SonicWALL and Secureworks products.

A press release said that all these products play nicely with Dell's portfolio.

This is the latest software company to be bought by Dell since he formed his new software division.

That division, which is headed by former CA Technologies CEO John Swainson is supposed to improve Dell's chances as a services company.

The wheeling and dealing started in March, when Quest announced it was going private through a $2 billion stock buyback along with private equity firm Insight Venture Partners. It made it known that it was open to better offers.

That was when Dell which wants to become a rival of IBM, Hewlett-Packard, BMC and CA, made its move.

http://news.techeye.net/business/del...l-goes-through

3rd July 2012, 07:03	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 148,618	Dell's Quest deal goes through Tinman Michael Dell has formally announced that he is buying Quest Software for US$2.4 billion. The announcement follows weeks of rumour, speculation and leaks over Michael's interest in the infrastructure software vendor. The deal is expected to close later this year after all the regulators have had a snuffle. Quest owns the Toad database management toolset, Quest One Identity management software, and the SonicWALL and Secureworks products. A press release said that all these products play nicely with Dell's portfolio. This is the latest software company to be bought by Dell since he formed his new software division. That division, which is headed by former CA Technologies CEO John Swainson is supposed to improve Dell's chances as a services company. The wheeling and dealing started in March, when Quest announced it was going private through a $2 billion stock buyback along with private equity firm Insight Venture Partners. It made it known that it was open to better offers. That was when Dell which wants to become a rival of IBM, Hewlett-Packard, BMC and CA, made its move. http://news.techeye.net/business/del...l-goes-through

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
Dell improves bid for Quest	Stefan Mileschin	WebNews	0	27th June 2012 07:45
Dell and Quest acquisition talks break down	Stefan Mileschin	WebNews	0	4th June 2012 09:20
A Quest with UltraMon 3.0	Sidney	WebNews	0	12th January 2008 00:55
Another quest has begun!	TerAngreal	General Madness - System Building Advice	11	9th July 2007 15:57
Nvidia's Quest to become a Platform Company	jmke	WebNews	0	21st June 2007 09:27
Vista and the Quest for More Memory	jmke	WebNews	0	20th March 2006 11:50
Pretty PCs - the quest continues	Sidney	WebNews	0	24th February 2006 11:08
Stark's Quest for Silence, Part 1: Cooling	jmke	WebNews	0	7th October 2004 16:19
Stark's Quest for Silence Article	Sidney	WebNews	0	7th October 2004 05:25
Maffia's Quest for a new PC	Maffia	General Madness - System Building Advice	19	30th August 2004 16:21