Quest Agrees To Buyout from Private Equity Firms -- Redmondmag.com

Quest Agrees To Buyout from Private Equity Firms

By Jeffrey Schwartz
06/20/2012

After months of uncertainty and speculation, Quest Software Inc. will remain independent.

Quest, a major provider of software tools for enterprise IT pros and developers, yesterday said that it has accepted a $2.2 billion offer from Insight Venture Partners and Vector Capital, which will take the company private.

Insight Partners had agreed to acquire Quest for $23 per share back in March but the terms allowed Quest to entertain superior offers. As reported last month, Dell was among those considering a bid for Quest. Though neither company confirmed the talks, they reportedly had collapsed. Having brought Vector Capital into the deal, the two private equity companies sweetened the bid to $25.75 per share.

For Dell, acquiring Quest would have bolstered its new software business headed by former IBM exec and CA CEO John Swainson. The deal to take Quest private should be welcome news to those wanting to see the company remain independent. Besides Dell, leading candidates to swoop up Quest included BMC Software, CA Technologies and Hewlett-Packard, among other heavyweights.

About the Author

Jeffrey Schwartz is editor of Redmond magazine and also covers cloud computing for Virtualization Review's Cloud Report. In addition, he writes the Channeling the Cloud column for Redmond Channel Partner. Follow him on Twitter @JeffreySchwartz.

Featured

Using Configuration Files to Control PowerShell Scripts, Part 2: Building Blocks

Learn how to use PowerShell's GUI capabilities to dynamically create configuration files that enhance script flexibility and usability.
U.S. House Leaders Unveil Bipartisan Strategy for AI Governance and Innovation

On Tuesday, U.S. House Speaker Mike Johnson and Democratic Leader Hakeem Jeffries received the final report from the bipartisan House Task Force on Artificial Intelligence, which outlines essential principles and recommendations to bolster American leadership in AI.
Using Configuration Files to Control PowerShell Scripts, Part 1: The Basics

Learn how to use JSON configuration files to make PowerShell scripts more dynamic, flexible and user-friendly.
Exchange Online Receiving Enhanced Message Trace

Microsoft has announced the public preview of its enhanced Message Trace feature in the Exchange admin center (EAC) for Exchange Online.
Major Microsoft Multifactor Authentication Vulnerability Revealed

A vulnerability in Microsoft’s multifactor authentication (MFA) system has been uncovered by cybersecurity firm Oasis Security, allowing attackers to bypass security measures and access sensitive data across services including Outlook, OneDrive, Teams and Azure.