Dell agrees to offload software business to elliott. Dell completes acquisition of quest software channel. Quest celebrates first day of independence from dell with. The deal comes as dell works to complete its acquisition of technology giant emc corp, a deal which is expected to close by the end of october.
Jun 24, 2016 rumors about the sale of quest software and sonicwall have been circulating for a while but it is now official. Quest it management mitigate risk accelerate results. Last july, dell purchased quest software, a maker of software for. See more in the press release or click on the page below. Dell to sell software unit to francisco partners and. Four years ago dell won a protracted bidding war to acquire quest software, which has a wide portfolio of systems management and migration tools, primarily for microsoftbased environments. Company profile page for quest software incca including stock price, company news, press releases, executives, board members, and contact information. Dell to sell software unit to francisco partners and elliott. It channel news with the solution provider perspective you know and trust sent to your inbox. According to the terms of the deal, dell will acquire all outstanding shares of the company through an allcash transaction. Dell sells software unit to francisco partners, elliott bloomberg.
Francisco partners and elliott management to acquire the dell. Dell software was a division of dell with headquarters in round rock, texas, united states. California again wrangles with how far to go in taxing software. Dell sells off software to double down on its riskiest. Chief executive vincent smith preferred a sale to insight over dell because it would allow him to keep running the company, said. Dell divests quest software and sonicwall exo platform blog.
The rules aim to clarify whether tax applies to software paired with. The quest products will align with dell s focus, and swainson pointed to a number of areas for synergy. Dell sells software unit to streamline operations ahead of. Glassdoor is your resource for information about quest software benefits and perks. The addition of quest, including its 1,500 software sales experts and 1,300 software developers, to dells existing software expertise in systems management, security and cloud integration, is. Quest s management technologies are used by more than 100,000 companies in many industries, including healthcare.
Software business sold as dell sheds quest and sonicwall. For one, both dell and quest software deal with many of the same customers. Photograph by matthew buschbloomberg via getty images. Its time to rethink systems and information management. With quests netvault and vranger, dell is now a headon competitor with symantec and commvault.
Quest software, now a part of dell, is a developer of windows management, application management, virtualization management, and database management software. Quest in march had agreed to be acquired by investment firm. Quest software agrees to buyout the new york times. Quest software employee benefits and perks glassdoor. Shares of dell spiked nearly percent on monday after bloomberg news. Quest software, one identity to operate separately from. Elliott and private equity firm to buy dells software. The company offers the software which manages and protects applications, systems, devices, and data for the organization. July 3, 2012 update on july 2, 2012, quest software announced that it had entered into a definitive merger agreement to be acquired by dell. Jun 21, 2016 dell is selling off its software business, including quest software, sonicwall, and the statistica analytics platform, to private equity firms elliot management and francisco partners. Quest software international ltd company profile and news. They are a global provider to,000 companies across 100 countries, including 95% of the fortune 500 and 90% of the global.
Dell announced monday that it has entered into an agreement to acquire aliso viejo, calif. Dell sells off software to double down on its riskiest business c dell inc. Dell dipped its toe in the data protection software market in february, when it acquired lowend replication vendor appassure and made dell slightly competitive against the disk backup systems it sold bundled with symantec and compellent software. Francisco partners, a leading technologyfocused private equity firm, and elliott management corporation today announced they have completed the previously announced acquisition of the dell software group from dell, inc.
Dell sheds software assets with quest software and sonicwall. Dell shares rise on news company may go private the new. Our software and hardware solutions can help you manage databases, data protection, endpoint security and microsoft platforms. Annual report on quest softwares revenue, growth, swot. Smartbear software, it administration and security company quest software inc. Benefits information above is provided anonymously by current and former quest software employees, and may include a summary provided by the employer. The company provides cloud management, data protection, gdpr compliance, database, identity, access, and performance management. Find your next career move with the new bloomberg work wise. The company offers software comprising application management, database management, windows management. Dell completes acquisition of quest software aol finance.
Jun 20, 2016 techcrunch has confirmed that francisco partners and elliott management have agreed to acquire dells software division. I have been working at quest software fulltime for more than 10 years pros was a good working environment with great coworkers, but company decided to go private and instead was acquired by dell going from 4,000 employees to 110,000. Jul 02, 2012 its officialthis morning dell announced its intent to acquire quest software. The company is known for toad, a product used by database professionals, in addition to other offerings for microsoft azure cloud management, software as a service, security, workforce mobility, data. After dell softwares expected sale is completed this fall, its new privateequity owners will. Elliott and private equity firm to buy dells software unit. Dell sells off software to double down on its riskiest business. Dellquest software plans layoffs and relocations source. Whether its digital transformation, cloud expansion, security threats or something new, quest helps you solve complex problems with simple solutions.
Partners are cheering the sonicwall deal, in particular, since that security business will be free of dell bureaucracy shedding direct sales and returning to a pure channel model. Dec 04, 2015 dells sale of quest software would not only get rid of the duplication, but it might quiet vmware investors because dells large sales team will be pitching only their product rather than both. Learn about quest software, including insurance benefits, retirement benefits, and vacation policy. Dell, looking to expand beyond its business of selling personal computers, announced on monday that it would buy quest software as it. In june 2016, dell announced the sale of their software division, which included the quest, sonicwall, and one identity businesses, to francisco partners and elliott management corporation. Jun 21, 2016 elliott and the private equity firm francisco partners said on monday that they would buy dells software businesses. Dell software businesses sold to private equity firms. Francisco partners, elliott looking to take logmein private for. Jun 21, 2016 dell has confirmed plans to sell its software division, including quest software and sonicwall, as the tech giant continues to shed assets ahead of its upcoming acquisition of emc. Jul 02, 2012 image caption dell had to get involved in a bidding war to buy quest software. Quests management technologies are used by more than 100,000 companies in many industries, including healthcare. Jul 02, 2012 another major acquisition for dell this morning. As channele2e previously reported, quest and sonicwall are expected to have private equity owners by november 2016.
Francisco partners and elliott management corporation have announced the completed acquisition of dell software group. Quest software inc dell software inc provides information technology services. Quest celebrates first day of independence from dell with layoffs. Dell confirms quest software ceos departure orange. Quest software incca company profile and news bloomberg. Aug 29, 2016 quest software, one identity to operate separately from sonicwall after dell software sale. Elliott management, francisco partners and dell issued a joint press. Dell software was created merging various acquisitions mainly quest software and sonicwall by dell inc. Quest software, also known as quest, is a privately held software company headquartered in.
Software business sold as dell sheds quest and sonicwall to. Quest software and sonicwall are among the software assets being acquired, and both were bought by dell in 2012, the year before the computer maker was taken private. It includes the presentation that was used for this mornings conference call and more. Company profile page for quest software including stock price, company news, press releases, executives, board members, and contact information. Oct 18, 2016 dellquest software plans layoffs and relocations source some products may go, too, once private equiteers take over.
Dell recently completed its acquisition of quest software, an it management software provider. Quest acquisition bolsters dell backup software portfolio. The older colleague is from the soviet union and told us the only shit storm he remember even being remotely as bad was when he in universityarmy service right as communism was falling apart and he had to work with a computer in russian, software written in. Dell will be able to expand the quest footprint, using the 20,000 strong dell sales force and 100,000 member channel. Francisco partners and elliott management to acquire the. Quest software, also known as quest, is a privately held software company headquartered in aliso viejo, california, united states with 53 offices in 24 countries.
Simplify it management and spend less time on it administration and more time on it innovation. Quest software company profile and news bloomberg markets. Quest software appoints new asian leadership the register. Analysis firm stifel nicolaus said dell could focus on integrating its existing software business with quests datasecurity and. As a result of the closing, which was finalized on sept. For dell, combining software and hardware within a single company was supposed to be like chocolate and peanut butter.
944 328 1343 1574 1176 937 912 340 945 1181 733 867 791 308 154 1086 651 586 207 1247 153 1129 887 104 1137 620 533 496 450 1045 72 177 299 788 1069 1379 1016 572 1089 1195 1450 597