News from around the state of Texas

Dell Buying Quest Software for $2.36 Billion

Dell is paying $28 per share for Quest

Monday, Jul 2, 2012  |  Updated 10:13 AM CDT
View Comments (
)
|
Email
|
Print
Dell Buying Quest Software for $2.36 Billion

NBCDFW.com

advertisement

Dell is buying Quest Software for about $2.36 billion, ending recent speculation about who the unnamed bidder was in a battle for the company with investment firm Insight Venture Partners.

Quest had agreed to be bought by Insight for $23 per share, or $2 billion, in March, and a series of increasing bids from Insight and another bidder followed.

Dell is paying $28 per share for Quest.

The deal is expected to close in Dell's fiscal third quarter. Quest shareholders must still approve the deal.

The PC maker, which is based in Round Rock, Texas, says the addition of Quest, which helps companies manage databases and provides other corporate IT services, will expand its software offerings.

Quest is based in Aliso Viejo, Calif.

Get the latest headlines sent to your inbox!
View Comments (
)
|
Email
|
Print
Leave Comments
What's New
Get NBCDFW on Mobile!
Get NBCDFW's free news and weather... Read more
Follow Us
Sign up to receive news and updates that matter to you.
Send Us Your Story Tips
Check Out