Dell to Buy Quest Software for $2.4 Billion

Dell announced on Monday that it would buy Quest Software for $2.4 billion, as it looked to expand beyond its main business of selling personal computers.

Under the terms of the deal, Dell will pay $28 a share for Quest, emerging as the winner in a bidding war for the software company.

“The addition of Quest will enable Dell to deliver more competitive server, storage, networking and end user computing solutions and services to customers,” John Swainson, president of Dell’s software group, said in a statement. “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.”

Rob D. Owens, an analyst with Pacific Crest Securities, said: “At $28, it’s a pretty cheap valuation for Quest. There are growth areas in this market.”


Read More:http://dealbook.nytimes.com/2012/07/02/dell-to-buy-quest-software-for-2-4-billion/?ref=technology