Software business sold as dell sheds quest and sonicwall. Francisco and elliott are in talks to buy logmein bnn bloomberg. 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. Dell to sell software unit to francisco partners and. Dellquest software plans layoffs and relocations source. The company is known for toad, a product used by database professionals, in addition to other offerings for microsoft azure cloud management, software. 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. The dell software group will add to dells enterprise solutions capability, accelerate strategic growth and further differentiate the company from. Dell sells software unit to francisco partners, elliott bloomberg. 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. I have been working at quest software fulltime for more than 3 years pros flexibility to work remotely interesting business challenges if you are a problem solver. The one thing hightech companies are doing to boost business. Dell may be willing to boost its bid, said abhey lamba, an analyst at mizuho. As channele2e previously reported, quest and sonicwall are expected to have private equity owners by november 2016.
Offered to business customers by webbank, member fdic, who determines qualifications for and terms of credit. Featuring security enhancements, excellent battery life, and the performance to power through your workday. This small, sleek 15 laptop with connectivity and management features is ideal for growing. Dell has been trying to cut its reliance on the pc business, but those efforts face their own challenges. I have been working at quest software fulltime for more than 3 years pros flexibility to work remotely interesting business challenges if you are a problem solver 401k matching at 5% and vesting immediately. Previously at dell, he led sales for the global 500 business segment as well as worldwide sales for data protection software. Over a threemonth period in 2012, dell acquired three companies that specialized in network, storage and software security. Jun 20, 2016 techcrunch has confirmed that francisco partners and elliott management have agreed to acquire dells software division. 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. Francisco and elliott partnered in 2016 to acquire quest software inc. The companys brands include toad, kace, quest, and foglight. 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. Dell computer corp acquires convergenet technologies inc 19990908.
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. Quest celebrates first day of independence from dell with layoffs. 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. 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. Francisco partners and elliott management to acquire the dell. Dell quest, sonicwall users face another acquisition deal.
Tech giant continues to sell assets ahead of its upcoming acquisition of emc. Dell is in the process of selling off its software groups security, data analytics, and. Quest celebrates first day of independence from dell with. Dells quest for software business could lead to acquiring. Quest was spun out of dell technologies in 2016 and is owned by private equity firms. Dell to sell software unit to francisco partners and elliott. Aongus hegarty explains what the recent merger of tech firms dell and. Dell dell, fortune 500 said the company fits well with its it services unit, which is its fastestgrowing line of business. Quest software international ltd the company offers software comprising application management, database management, windows management, virtualization management, business value solutions, and. 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.
Company profile page for quest software incca including stock price, company news, press releases, executives, board members, and contact information. One identity, a quest software business, helps organizations get identity and access management iam right. 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. Quest software incca company profile and news bloomberg. Learn best practices and practical knowledge to help you optimize your investment in kace. Prior to joining dell, vitale served as evp, worldwide sales for pentaho, a leader in open source business intelligence software. According to bloomberg, dell technologies is looking for to save about. Software business sold as dell sheds quest and sonicwall to fund emc deal. Dell is in talks to buy the it management tools company quest software, bloomberg reports, citing people with knowledge of the matter. Swainson, the head of dells corporate software business, has said it will take five years to build a business big enough to. Bloomberg on friday reported that round rock, texasbased dell, along with other companies, made a bid for quest. Quest softwareenabled services combine the strengths of our proprietary software, tools and domain expertise to reduce complexity, demands on your it staff and costs.
Dell software was created merging various acquisitions mainly quest software and sonicwall by dell inc. Dell sheds software assets with quest software and sonicwall. Dell, looking to expand beyond its business of selling personal computers, announced on monday that it would buy quest software as it. May 25, 2012 bloomberg on friday reported that round rock, texasbased dell, along with other companies, made a bid for quest. Quest software, also known as quest, is a privately held software company headquartered in. 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. Quests defender line of hardware and software tokens present an interesting adjunct, giving dell a strong authentication footprint what seems to be. Quest in march had agreed to be acquired by investment firm.
Quests software helps businesses administer databases and servers, as well as back up information and recover lost data. Sonicwall, appassure and quest software came with customers, patents. Quest software, one identity to operate separately from sonicwall after dell software sale. And recode has noted that dell is also looking to sell off quest softwareanother asset peripheral to its core. Dell sells off software to double down on its riskiest.
Dell sells off software to double down on its riskiest business c dell inc. Quest has more than 100,000 customers worldwide across its portfolio of software solutions spanning database management, data protection, endpoint systems management, identity and access management, and microsoft platform management. One identity, a quest software business, helps organizations establish an identitycentric security strategy. Software business sold as dell sheds quest and sonicwall to. 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 to solve. Nabila ahmed, kiel porter and scott deveau, bloomberg news. Quest software international ltd the company offers software comprising application management, database management, windows management, virtualization management, business value. The company also cites a few key components from quest softwares family of. The smart strategy intel, dell, and tmobile have in. See quests revenue, employees, and funding info on owler, the worlds largest. Quest was spun off from its parent dell software group with the backing of investment firms francisco partners and elliott management for a. With quest solutions, companies of all sizes can reduce the time and money spent on it administration and security, so they have more time to focus on and invest in business innovation. Dell software was a division of dell with headquarters in round rock, texas, united states.
Dell stated that the quest acquisition will help it expand its software. This list of dell ownership activities delineates mergers, acquisitions, divestitures, and stakes of dell. Dell software businesses sold to private equity firms. Matt vitale leads the data protection businesses at quest.
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. Quest software enabled services combine the strengths of our proprietary software, tools and domain expertise to reduce complexity, demands on your it staff and costs. Quest has more than 100,000 customers worldwide across its portfolio of software solutions spanning database management, data protection, endpoint systems. Featuring security enhancements, excellent battery life, and the performance to power through. Jun 21, 2016 software business sold as dell sheds quest and sonicwall to fund emc deal. Francisco partners and elliott managements deep passion for technology and proven track records in nurturing and building software businesses will enable dell softwares loyal base of. Techcrunch has confirmed that francisco partners and elliott management have agreed to acquire dells software division.
Asap software express was acquired from corporate express. For dell, combining software and hardware within a single company was supposed to be like chocolate and peanut butter. Dell shares rise on news company may go private the new. Taxes, shipping and other charges are extra and vary. Francisco partners, elliott looking to take logmein private for. Ibm has always had a software business associated with its branded servers. It includes the presentation that was used for this mornings conference call and more see more in the press release or click on the page below. Nov 03, 2019 over a threemonth period in 2012, dell acquired three companies that specialized in network, storage and software security. Get a customized solution to meet your unique business needs.
Increase agility and reduce cost and risk with awardwinning solutions for database management. Quest software, one identity to operate separately from. Aug 29, 2016 quest software, one identity to operate separately from sonicwall after dell software sale. Dell sheds software assets with quest software and. After dell softwares expected sale is completed this fall, its new privateequity owners will. 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. Quest competitors, revenue and employees owler company profile. Elliott management, francisco partners and dell issued a joint press.
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