Dell has announced a definitive agreement to acquire Quest Software, which will become part of the new Dell Software Group.
Dell reports Quest’s technologies are strongly aligned with Dell’s software strategy, adding the acquisition provides critical components to expand Dell’s software capabilities in systems management, security, data protection and workspace management. In addition, Quest’s software portfolio is complementary to Dell’s scalable design approach.
Under terms of the agreement, Dell will pay $28 per share in cash for each share of Quest for an aggregate purchase price of approximately $2.4 billion, net of Quest’s cash and debt. The transaction is expected to close in Dell’s third fiscal quarter, subject to approval by Quest’s shareholders and customary conditions.