Dell to pay $2.4B for IT management software firm

Dell Inc. will pay approximately $2.4 billion in cash, or $28 per share, to acquire Quest Software, an IT management software provider, the companies announced today.

Dell recently formed its Software Group to build upon its existing software expertise and add to its enterprise solutions capability. Quest’s family of software solutions and key technologies are strongly aligned with Dell’s software strategy, the July 2 announcement said.

The acquisition will provide critical components to expand Dell’s software capabilities in systems management, security, data protection and workspace management.

In addition, Quest’s software portfolio is highly complementary to Dell’s scalable design approach to develop solutions that scale with customer needs, the news release said.

Quest, of Aliso Viejo, Calif., generated $857 million in global revenue in its fiscal 2011.

The company has approximately 3,850 employees and serves more than 100,000 customers worldwide, including 87 percent of the Fortune 500.

The transaction is expected to close in Dell’s third quarter, subject to approval by Quest’s shareholders and customary conditions.

Dell Inc., of Round Rock, Texas, ranks No. 19 on Washington Technology’s 2012 Top 100 list of the largest federal government contractors.

About the Author

David Hubler is the former print managing editor for GCN and senior editor for Washington Technology. He is freelance writer living in Annandale, Va.

Reader Comments

Please post your comments here. Comments are moderated, so they may not appear immediately after submitting. We will not post comments that we consider abusive or off-topic.

Please type the letters/numbers you see above

What is your e-mail address?

My e-mail address is:

Do you have a password?

Forgot your password? Click here
close
SEARCH

Trending

  • Dive into our Contract Award database

    In an exclusive for WT Insider members, we are collecting all of the contract awards we cover into a database that you can sort by contractor, agency, value and other parameters. You can also download it into a spreadsheet. Our databases track awards back to 2013. Read More

  • Navigating the trends and issues of 2016 Nick Wakeman

    In our latest WT Insider Report, we pull together our best advice, insights and reporting on the trends and issues that will shape the market in 2016 and beyond. Read More

 Top 100 Promo 2016
contracts DB