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+ - Dell Scoops Up Quest Software for $2.4 Billion->

Submitted by wiredmikey
wiredmikey (1824622) writes "Ending weeks of speculation, Dell and Quest Software today announced they have entered into a definitive agreement, under which Dell would acquire Quest, a provider IT management software solutions, in a deal valued at approximately $2.4 billion. Dell says that the acquisition will provide critical components to expand its software capabilities in systems management, security, data protection and workspace management. Quest’s products will fall under Dell’s recently-formed Software Group, and strengthen Dell’s enterprise solutions capabilities.

Founded in 1987, Quest is headquartered in Aliso Viejo, California, has 3,850 employees, and claims more than 100,000 customers around the word. The company had $857 million in global revenue based on its fiscal year 2011 results."

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Dell Scoops Up Quest Software for $2.4 Billion

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