Dell in talks to buy Quest Software: report

Dell Inc is in talks to buy Quest Software Inc, the network security software maker that had earlier agreed to be acquired by Insight Venture Partners for $2 billion, Bloomberg reported, quoting sources.

Quest shares were up 5 percent at $26.45 in early trading on Friday on the Nasdaq.

Shares of the company, which now has a market value of $2.12 billion, gained more than a third of their value after Insight Venture's offer.

Quest said earlier this month it had received multiple alternative proposals during its go-shop period following the offer from the private investment firm.

Dell has been seen by analysts as one of the possible bidders for Quest, whose backup and security software offerings would complement Dell's product portfolio.

Read Full Article from CNBC.com

- Posted: 2012-05-25 11:33:58

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