Quest acquisition bolsters dell backup software portfolio. Michal simek engineering operations manager quest software. Dell sheds software assets with quest software and sonicwall. Techcrunch has confirmed that francisco partners and elliott management have agreed to acquire dells software division. Jul 06, 2012 quests defender line of hardware and software tokens present an interesting adjunct, giving dell a strong authentication footprint what seems to be missing in many of these business units is.
For dell, combining software and hardware within a single company was supposed to. For dell, combining software and hardware within a single company was supposed to be like chocolate and peanut butter. Quest software, now a part of dell, is a developer of windows management, application management, virtualization management, and database management software. With close to 700 members, this group meets quarterly to discuss. Dell is in talks to buy the it management tools company quest software, bloomberg reports, citing people with knowledge of the matter. Quest it management mitigate risk accelerate results. The divestment includes assets dell acquired in 2012 when it won a protracted bidding war for quest software, which owned a wide portfolio of systems management and migration tools aimed primarily. Quest software incca company profile and news bloomberg. Oct 18, 2016 dellquest software plans layoffs and relocations source some products may go, too, once private equiteers take over by simon sharwood 18 oct 2016 at 07. Dell announced monday that it has entered into an agreement to acquire aliso viejo, calif. Dell sheds software assets with quest software and. Dell sells off software to double down on its riskiest business. A corporate filing is called a foreign filing when an existing corporate entity files in a state other than the state they originally filed in. The companys security software business also grew sequentially.
Dell has been trying to cut its reliance on the pc business, but those efforts face their own challenges. Previously at dell, he led sales for the global 500 business segment as well as worldwide sales for data protection software. The company offers the software which manages and protects applications, systems, devices, and data for the organization. Michael has also held various leadership positions in product management at quest software dell software, most notably as the executive director of product management for dell software s windows management business. 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. Double executive departure rocks quest software arn. Quests defender line of hardware and software tokens present an interesting adjunct, giving dell a strong authentication footprint what seems to be missing in many of these business units is. After dell softwares expected sale is completed this. Dell to sell software unit to francisco partners and elliott. 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. Dell software was a division of dell with headquarters in round rock, texas, united states. Technical support videos quickly explain topics in an easy to understand format. They are a global provider to,000 companies across 100 countries, including 95% of the fortune 500 and 90% of the global.
Bloomberg news was first to report on may 24 that dell was in advanced discussions to acquire quest. Company profile page for quest software incca including stock price, company news, press releases, executives, board members, and contact information. Jan 14, 20 dell has been trying to cut its reliance on the pc business, but those efforts face their own challenges. Dell computer corp acquires convergenet technologies inc 19990908. With a unique identity and access management iam portfolio, our awardwinning offering includes identity governance, adcentered iam, privileged access management and identity saas solutions, one identity helps organizations secure their enterprise end to end, smoothly make their. Quest software, one identity to operate separately from sonicwall after dell software sale. Asap software express was acquired from corporate express. The company offers software comprising application management, database management, windows management.
Dell networking continued to deliver strong growth, with a 42 percent revenue increase, including more than 100 percent growth in the companys force10 business. Aug 29, 2016 quest software, one identity to operate separately from sonicwall after dell software sale. Dell, looking to expand beyond its business of selling personal computers, announced on monday that it. Elliott management, francisco partners and dell issued a joint press. Jun 20, 2016 techcrunch has confirmed that francisco partners and elliott management have agreed to acquire dells software division.
Quest software, also known as quest, is a privately held software company headquartered in. Mar 31, 2016 and recode has noted that dell is also looking to sell off quest software another asset peripheral to its core. With a unique identity and access management iam portfolio, our awardwinning offering includes identity governance, adcentered iam, privileged access management and identity saas solutions, one identity helps organizations secure their enterprise end to end. 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. 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. Dell shares rise on news company may go private the new.
Increase agility and reduce cost and risk with awardwinning solutions for database management. May 25, 2012 bloomberg on friday reported that round rock, texasbased dell, along with other companies, made a bid for quest. 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. Overall, dell and emc have taken multiple steps to solidify their balance sheets. Thoma bravo, and vista equity partners are vying to snap up quest software and sonicwall. Jun 20, 2016 the divestment includes assets dell acquired in 2012 when it won a protracted bidding war for quest software, which owned a wide portfolio of systems management and migration tools aimed primarily. Dell software was created merging various acquisitions mainly quest software and sonicwall by dell inc. Dellquest software plans layoffs and relocations source some products may go, too, once private equiteers take over by simon sharwood 18 oct 2016 at 07. Quest software pty ltd the company provides cloud management, data protection, gdpr compliance, database, identity, access, and performance management. 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. The company is known for toad, a product used by database professionals, in addition to other offerings for microsoft azure cloud management, software. 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. Buyout firms could slice dells debt to get emc deal done.
Quest celebrates first day of independence from dell with layoffs. Quest software war bis zur ubernahme durch dell ein borsennotierter amerikanischer softwarehersteller mit sitz in aliso viejo, kalifornien. Sec charges quest software and three executives for stock option backdating for immediate release 200957. One identity, a quest software business, helps organizations establish an identitycentric security strategy. The round rock, texasbased dell, which went private three years ago, has been seeking to sell software companies quest software and sonicwall for. The company offers software comprising application management, database management, windows. Dell sells off software to double down on its riskiest. Software business sold as dell sheds quest and sonicwall to. Both may get the boot, as dell looks to free up some cash, and make room for emc and vmware. Dell sells software unit to francisco partners, elliott bloomberg. Quest software inc company profile and news bloomberg. With quests netvault and vranger, dell is now a headon competitor with symantec and commvault. The companys software provides information management, data protection, endpoint systems management, identity and access management, and microsoft platform management software, enabling companies of all sizes to reduce the time and money spent on it administration and security, thereby helping customers.
Dell is said to be in talks to buy quest software, which is a network security software maker. Quest software has suffered a double departure at executive level, with both local and regional leaders set to exit the vendor. Dell quest, sonicwall users face another acquisition deal. After dell softwares expected sale is completed this fall, its new privateequity owners will. Quest software, one identity to operate separately from. Matt vitale leads the data protection businesses at quest. Bloomberg on friday reported that round rock, texasbased dell, along with other companies, made a bid for quest. Michael has also held various leadership positions in product management at quest softwaredell software, most notably as the executive director of product management for dell softwares windows management business. Reuters reported the breakdown in talks earlier yesterday. Quest software inc dell software inc provides information technology services. Learn best practices and practical knowledge to help you optimize your investment in kace.
May 25, 2012 dell is in talks to buy the it management tools company quest software, bloomberg reports, citing people with knowledge of the matter. Michael is also a founding member of product tank atlanta. 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. Dell reports fourth quarter, full fiscal year financial. Mm qsft financial information, fundamentals, key ratios, market capitalization, shares outstanding, float, and short interest.
Dell software businesses sold to private equity firms. Arn can confirm that vice president and general manager of apj. Photograph by matthew buschbloomberg via getty images. Dell stated that the quest acquisition will help it expand its software. Quest celebrates first day of independence from dell with. 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. Quests management technologies are used by more than 100,000 companies in many industries, including healthcare. With 97% renewal rates, customers worldwide use boomis market leading platform to increase revenue, reduce it spend, elevate customer, partner, and employee satisfaction, and drive efficiency across their ecosystems. Dell, looking to expand beyond its business of selling personal computers, announced on monday that it would buy quest software as it. This list of dell ownership activities delineates mergers, acquisitions, divestitures, and stakes of dell. Francisco partners, elliott looking to take logmein private for.
Quest in march had agreed to be acquired by investment firm. Prior to joining dell, vitale served as evp, worldwide sales for pentaho, a leader in open source business intelligence software. As an ipaas leader and pioneer with 18,000 certified experts, and a growing, passionate community we understand the market. Dellquest software plans layoffs and relocations source. Dell sells off software to double down on its riskiest business c dell inc. Software business sold as dell sheds quest and sonicwall. Quest s management technologies are used by more than 100,000 companies in many industries, including healthcare.
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