Dell Inc. (DELL) ( DELL ) agreed to buy Quest Software Inc. (QSFT) ( QSFT ), a maker of programs to manage corporate computer systems, for...
The acquisition is valued at $2.4 billion, net of cash and debt, the Round Rock, Texas-based company said in a statement today.
The purchase would cap a months-long bidding war for Quest and fits with Dell’s aim to add technology that helps customers outfit data centers for handling storage and cloud computing. Quest’s software lets companies administer databases and servers, as well as back up information and recover lost data.
Several companies made offers for Quest since it said on March 8 that it had agreed to be bought by Insight Venture Partners, a private equity firm, for about $2 billion, or $23 a share.
Aliso Viejo, California-based Quest said last week that it received an offer for $27.50 a share, or about $2.32 billion, from a company that it didn’t identify. Dell was that company, people familiar with the matter said.
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