Dell made another major acquisition on Monday: he bought the leading provider in enterprise software solutions, Quest Software for $2.4 billion. He just won the bidding war against Insight Venture Partner that lasted more than a month.
Dell will pay $28 a share for Quest, about $5 a share more than Quest was valued at back in May, and $2.25 a share more than Insight Venture Partner bidded ($25.75).
Dell recently formed a Software group, designed to enhance Dell’s solutions capabilities, and to help find another source of revenue. Quest’s assets, including its access management software, performance monitoring solutions, Windows Server management solutions, database management, and more, will now serve to strengthen it. Dell has also acquired Wyse and SonicWALL. With Quest, the focus is on the data center side of this business.http://kcen.images.worldnow.com/images/18934545_SS.jpg http://www.zdnet.com/i/story/70/00/000120/quest070212a.png http://cdn.videos.bloomberg.com/JxbmdhNTopsOM4oiw_7iwYibB-Ne9T2J/T34zteeGp6gOWxbH5iMDoxOm1qO4kO9D