Dell raises bid offer for Quest
Tuesday, June 26, 2012
Quest Software, who specialises in IT management software, has received an increased offer from Dell, according to a unnamed source speaking to Reuters.
Currently a unnamed group, named as Dell by the source, and a group led by Insight Venture Partners are competing for the acquisition of Quest.
Dell has reportedly increased its offer to $27.50 per share as the computer giant seeks to increase its portfolio of companies and turn away from personal computers with the growth of mobile devices.