Dell Technologies acquired Quest Software, Inc. for ~$2.5 billion, a transaction completed in September 2012, structured as all cash ($28.00 per share).
Quest Software, Inc. operates in Systems management & security software, is based in Aliso Viejo, California, USA, had revenue of about ~$0.85 billion annual (per contemporaneous disclosure). After a public bidding contest, Dell agreed to acquire Quest Software, a global provider of IT management software, for $28.00 per share, about $2.4-$2.5 billion. Quest broadened Dell's software portfolio across systems and database management, data protection, identity and access management, and Windows management.
Dell said adding Quest would let it deliver more competitive server, storage, networking and end-user computing solutions and services, anchoring a new Dell Software Group.
Became a cornerstone of the Dell Software Group (divested to Francisco Partners and Elliott Management in 2016).
The addition of Quest will enable Dell to deliver more competitive server, storage, networking and end-user computing solutions and services to customers.Dell executive commentary, Quest acquisition press release (Ex-99.1 to the July 2, 2012 Form 8-K)
Advisory firms were not disclosed for this transaction.