Dell Inc. (DELL) has reached a definitive agreement to acquire Quest Software (QSFT) for $28.00 per share cash. The aggregate purchase price amounts to $2.4 billion, net of Quest's cash and debt.
Recently, Dell announced the formation of its Software Group to build upon its existing software expertise. The Dell Software Group would add to Dell's enterprise solutions capability, accelerate strategic growth and further differentiate the company from competitors by increasing its solutions portfolio with Dell-owned intellectual property.
"The addition of Quest will enable Dell to deliver more competitive server, storage, networking and end user computing solutions and services to customers," commented John Swainson, president, Dell Software Group.
Dell said the acquisition provides critical components to expand its software capabilities in systems management, security, data protection and workspace management. The transaction may close in Dell's third fiscal quarter.
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