Friday, June 15, 2012

Dell Likely Bidder In $2.15 Billion Quest Software Bid

Round Rock-based Dell is the likely bidder on IT and management software firm Quest Software, according to a report from Reuters Friday. Quest said Thursday that it received a $2.15 billion offer on the company from an undisclosed, strategic investor, trumping an earlier acquisition offer from private equity firm Insight Venture Partners. Dell has been rumored to be a bidder of Quest for the last month. The report cited sources familiar with the matter in pointing to Dell.