In a push to become a software player, Dell won a bidding war for Quest Software as it aims to bolster its data center software. The final price tag: $28 a share, or $2.4 billion.
Dell had been rumored as a buyer for Quest software for months. Quest received a $23 a share bid from Insight Venture Management and Vector Capital in March and then a "strategic buyer" pushed the price up to $27.50. Dell ultimately sealed the deal for $28 a share.
Quest's software manages databases and backs up data. Dell has been focused … Read more