Dell announce their intent to acquire Quest Software

Dell to acquire Quest Software
Dell to acquire Quest Software for $2.4 Billion

Yesterday Dell and Quest Software announced they have entered into an agreement for Dell to acquire Quest Software. Dell recently announced the formation of the Dell Software Group, intended to build upon the company’s existing software expertise, but at the same time add to Dell’s enterprise solutions capability. Adding Quest, an award-winning IT management software provider, might just be the perfect thing to help Dell accehive it’s goal to accelerate strategic growth, and increasing the current solutions portfolio with Dell-owned intellectual property.

Under the terms of the agreement, approved by the board of directors of both companies, Dell will pay $28 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. The transaction is expected to close in Q3, subject to customary conditions and Quest shareholder approval.

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