Dell buys Quest Software for $2.4 billionJuly 2, 2012 - 17:15 AMT PanARMENIAN.Net - Strengthening its systems management, security and data protection services, Dell has agreed to acquire enterprise software specialists Quest Software for $2.4 billion, at $28.00 per share, The Next Web reports. Rumors of a deal had been circulating, with Quest Software disclosing earlier today that it had received a bid of $27.50 per share in cash from an unknown bidder. The announcement confirms a slightly increased bid for the company, signifying Dell’s intent to move away from PCs and differentiate its products and services. Dell says that the acquisition will provide “critical components” to expand its software capabilities in systems management, data security and data protection. It will assume control of Quest’s SonicWALL and Secureworks security solutions, its monitoring solutions for applications, networks and database and also its server management solutions, which will tie in with its recent acquisitions of Clerity Solutions and Make Technologies. Dell will integrate Quest’s 1,500 software sales experts and 1,300 software developers into its systems management, security and Cloud teams, forming what it believes will be a $1.2 billion software business. Quest has around 3,850 employees and operates 60 offices in 23 countries. Dell expects the acquisition to close in its third fiscal quarter, following approval from Quest’s shareholders. Top stories Yerevan will host the 2024 edition of the World Congress On Information Technology (WCIT). Rustam Badasyan said due to the lack of such regulation, the state budget is deprived of VAT revenues. Krisp’s smart noise suppression tech silences ambient sounds and isolates your voice for calls. Gurgen Khachatryan claimed that the "illegalities have been taking place in 2020." Partner news Most popular in the section | SBP instant transfers now available from 190 Russian banks to Armenia To receive money from Russian banks, easywallet users need to go to their easywallet accounts. Lemkin Institute urges Armenia to respect people’s right to dissent The Lemkin Institute has urged the Armenian government to respect people’s fundamental human right to express their dissent. French-Armenian journalist returns to France after 41-day hunger strike Nicolian said on social media on Sunday, June 2 that he needs to improve his health in order to “continue the fight”. Iran’s Red Crescent sends aid to Armenia’s flood-hit regions The Iranian Red Crescent Society has sent humanitarian aid to the victims of deadly floods that hit northern Armenia on May 25-26. |