We use cookies to provide you with a better experience. If you continue to use this site, we'll assume you're happy with this. Alternatively, click here to find out how to manage these cookies

hide cookie message
RSS FeedTechnology

Dell to buy Quest for £1.5 billion


The deal had been rumoured for some time

Article comments

Dell announced on Monday that it is to buy Quest Software for $2.4 billion (£1.5 billion), following weeks of speculation over its interest in the infrastructure software vendor.

The deal is expected to close later this year.

Quest's products include the Toad database management toolset, Quest One Identity management software, and the SonicWALL and Secureworks products, all of which will be complementary to Dell's portfolio, the companies said in a statement.

It's the latest acquisition by Dell since its formation earlier this year of a new software division, headed by former CA Technologies CEO John Swainson. In March, Quest announced it was going private through a $2 billion stock buyback along with private equity firm Insight Venture Partners, but also said it was open to better offers.

"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," Swainson said in a statement.

"This agreement is great news for our customers and partners worldwide," Quest CEO Vinny Smith said in a letter to customers. "Dell's distribution, reach and brand are well recognised in the industry. Dell is acquiring Quest as the foundation to their software business."

In doing so, Dell will bring itself into closer competition with the "Big Four" systems management vendors, IBM, Hewlett-Packard, BMC and CA.

Executives from both companies are expected to discuss the deal further during a conference call later today.

Share:

Comments

Dell to buy Quest for £1.5 billion
Technology

What does your perfect datacentre look like?

What does your perfect datacentre look like?

The financial impact of rising energy bills is a headache for companies toomore ..


Glitch hits Virgin Media email distribution lists

Customers' personal information accidentally shared amongst the email chainmore ..

BBC tenders for £5.4m digital services contract

Digital services roster may be 'opened up' to new entrants at regular intervalsmore ..

Guardian, Washington Post win Pulitzer prize for NSA spying coverage

Both publications won the highly coveted Public Service awardmore ..

What UK business needs to do now with big data

In the final of a three-part series, we look at the potential for companies to become victims in the battle for big datamore ..

Ethical questions around big data

In the second of a three-part series, Pat Brans looks at the ethics of collecting 'big data'more ..

Send to a friend

Email this article to a friend or colleague:


PLEASE NOTE: Your name is used only to let the recipient know who sent the story, and in case of transmission error. Both your name and the recipient's name and address will not be used for any other purpose.



In Depth
How M&A teams can create value by challenging the CEO

How M&A teams can create value by challenging the CEO

A typical “hold” period of nine to 18 months can generate increased sale value more ..

In Depth
What every company needs to do about big data?

What every company needs to do about big data?

In the first of a three part series, Pat Brans explores just how big 'big data' will get? more ..

Advertisement

* *