Dell to acquire Quest Software

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

 

Dell and Quest Software have entered into a definitive agreement for Dell to acquire QuestSoftware. Dell has recently announced formed its Software Group to build upon its existing software expertise. The Dell Software Group is said to add to Dell’s enterprise solutions capability, accelerate strategic growth and further differentiate the company from competitors by increasing its solutions portfolio with Dell-owned intellectual property.

John Swainson, President, Dell Software Group said, “The addition of Quest will enable Dell to deliver more competitive server, storage, networking and end user computing solutions and services to customers. Quest’s suite of industry-leading software products, highly-talented team members and unique intellectual property will position us well in the largest and fastest growing areas of the software industry. We intend to build upon the strong momentum Quest brings to Dell.”

Vinny Smith, Chairman & CEO, Quest Software said, “Clearly, Dell’s distribution, reach and brand are well recognized in the industry. Combine that with Quest’s software expertise and award-winning systems management products and you have a very powerful combination for our customers and partners. With this transaction, Quest’s products and employees become the foundation for Dell’s critical software business.”

Dell is believed to pay $28.00 per share in cash for each share of Quest for an aggregate purchase price of approximately $2.4 billion, net of Quest’s cash and debt under the terms of the agreement, approved by the boards of directors of both companies. The transaction is expected to close in Dell’s third fiscal quarter, subject to approval by Quest’s shareholders and customary conditions.

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