United States : DELL to buy QUEST SOFTWARE for US $2.4 billion [TendersInfo (India)]Abhishek92Al Bawaba Ltd.
Dell is all set to purchase Quest Software for US $2.4 billion.
Founded in 1987, Quest Software is headquartered in Aliso Viejo, Calif. The company serves over 100,000 customers across the world, including 87% of Fortune 500. The company has about 3,850 workers and runs 60 offices in 23 countries. Quest Software s products comprise Toad database management toolset, Quest One Identity management software, and SonicWALL and Secureworks products. All of these products will support Dell's portfolio.
John Swainson, President of Dell Software Group, said, The addition of Quest will enable Dell to deliver more competitive server, storage, networking and end user computing solutions and services to customers. 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. We intend to build upon the strong momentum Quest brings to Dell.
Vinny Smith, Chairman and CEO of Quest Software, said, Clearly, Dell s distribution, reach and brand are well recognized in the industry. Combine that with Quest s software expertise and award-winning systems management products and you have a very powerful combination for our customers and partners. With this transaction, Quest s products and employees become the foundation for Dell s critical software business.
The transaction is anticipated to be completed later in 2012.