DELL said yesterday it will buy enterprise management software maker Quest Software for $2.4bn (£1.5bn) in cash, trumping a $2.17bn bid by private investment firm Insight Venture Partners.
Dell sparked a bidding war in June when it offered $25.50 per share for Quest, outbidding Insight’s initial offer in March of $23 per share. Insight later bid $25.75 a share for Quest.
“The addition of Quest will enable Dell to deliver more competitive server, storage, networking and end user computing solutions and services to customers,” said John Swainson, president of Dell Software Group.
City A.M. Reporter