It was formed as a result of the september 2016 merger of dell and emc corporation which later became dell emc. Jun 21, 2016 software business sold as dell sheds quest and sonicwall to fund emc deal. Dell has been trying to cut its reliance on the pc business, but those efforts face their own challenges. Quest offered windows management and migration tools, identity and access management, and other technologies that complemented dell s own software portfolio, along with some products that didnt seem to jibe. Dell originally acquired sonicwall from thoma bravo. Number of employees at dell from 1996 to 2019 in 1,000s records.
Dell dell, fortune 500 said the company fits well with its it services unit, which is its fastestgrowing line of business. Dells gotomarket ability is far stronger than quests. The companys line of business includes the wholesale distribution of computers, computer peripheral equipment, and computer software. With this added muscle, dell can expand handily on quests revenue stream and build at least a sales story that now includes some. Elliott management, francisco partners and dell issued a joint press. Sonicwall and quest software users, who endured dells acquisition three years ago, face more uncertainty, as dell reportedly considers the sale of those companies to reduce debt. Dell acquired in 2012 when it won a protracted bidding war for quest software, which. Arn can confirm that vice president and general manager of apj. Swainson, the head of dells corporate software business, has said it will take five years to build a business big enough to. Dell acquired in 2012 when it won a protracted bidding war for quest software, which owned a wide portfolio of systems management and. As channele2e previously reported, quest and sonicwall are expected to have private equity owners by november 2016. Showing entries 1 to 24 entries in total created with highcharts 5.
Rumors about the sale of quest software and sonicwall have been circulating for a while but it is now official. New york stock quote quest diagnostics inc bloomberg. Mchael dell is known for the computer company he started in. Nabila ahmed, kiel porter and scott deveau, bloomberg news. Secureworks is engaged in managing and outsourcing cybersecurity. The sale includes several of dell s highprofile acquisitions in recent years, among them the database software maker quest, network security company sonicwall, and cloud management company. Accelerate backup speed, reduce storage costs and use the cloud for disaster recovery.
Quest software agrees to buyout the new york times. Jul 02, 2012 another major acquisition for dell this morning. Quest celebrates first day of independence from dell with. Dell s products include personal computers, servers, smartphones, televisions, computer software, computer security and. No matter your platform, quest has a solution that fits. Business wiredell and quest software today announced they have entered into a definitive agreement for dell to acquire quest, an awardwinning it. Jul 06, 2012 dells gotomarket ability is far stronger than quests. Prior to joining dell, vitale served as evp, worldwide sales for pentaho, a leader in open source business intelligence software.
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. Dell reports fourth quarter, full fiscal year financial. Quests software is available in onpremise, cloud, and asaservice versions. The sale includes several of dells highprofile acquisitions in recent years, among them the database software maker quest, network security company sonicwall, and cloud management company. 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. Legacy dell software group sim portfolio products however will no longer be available through partnerdirect.
Quest software was founded in 1987 in newport beach, california with a line of high availability and middleware products for hp multiprogramming executive mpe. Software business sold as dell sheds quest and sonicwall to fund emc deal. Software business sold as dell sheds quest and sonicwall. Quest software pty ltd company profile and news bloomberg. Bloomberg reported today that dell has discussed going private with. A definitive agreement between the three parties was announced in an official press release on june 20. The following year, quest entered the database management market with an oracle sql database tuning product. Jul 02, 2012 dell dell, fortune 500 said the company fits well with its it services unit, which is its fastestgrowing line of business. The company provides cloud management, data protection, gdpr compliance, database, identity, access, and performance management. Dell is in talks with at least two privateequity firms interesting in buying the company, according to a report citing people with knowledge of the matter bloomberg reports that a deal could be.
The companys security software business also grew sequentially. Dell to sell software unit to francisco partners and elliott management computer maker focusing on its acquisition of storage vendor emc corp. Quest software incca company profile and news bloomberg. Dell is in talks to buy the it management tools company quest software, bloomberg reports, citing people with knowledge of the matter. Dell dell likely to purchase remaining stake in secureworks. Software business sold as dell sheds quest and sonicwall to. The company offers the software which manages and protects applications, systems, devices, and data for the organization. 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. Francisco partners, elliott looking to take logmein private for. 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 including stock price, company news, press releases, executives, board members, and contact information. Quest software, a provider of database applications and other corporate i. If dell wants to diversify, it needs new technology patents and new ideas. Dell investors should take the money and run marketwatch. Quest software company profile and news bloomberg markets. Dell quest, sonicwall users face another acquisition deal. Rings are the circular arenas on exchange trading floors where traders transfer information about buy. It includes the presentation that was used for this mornings conference call and more. Pc market, so it has moved to offer more enterprisefocused services. Its officialthis morning dell announced its intent to acquire quest software.
Matt vitale leads the data protection businesses at quest. Quest was spun off from its parent dell software group with the backing of investment firms francisco partners and elliott management for a. Quest software has suffered a double departure at executive level, with both local and regional leaders set to exit the vendor. Jul 02, 2012 after more than a month of backandforth negotiations, dell today announced that it had landed the reluctant fish called quest software. Dell sells software unit to francisco partners, elliott bloomberg. Quest designs, develops, markets, distributes, and supports enterprise systems management software products. 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. After dell softwares expected sale is completed this fall, its new privateequity owners will. Dell shares rise on news company may go private the new. Dell stock quote, history, news and other vital information to help you with your stock trading and investing. Quest software inc company profile and news bloomberg. One identity llc designs and develops software solutions. Dell stock jumps % on rumor it could go private venturebeat.
Free forex prices, toplists, indices and lots more. Mm qsft financial information, fundamentals, key ratios, market capitalization, shares outstanding, float, and short interest. Double executive departure rocks quest software arn. Tech giant continues to sell assets ahead of its upcoming acquisition of emc. Quest it management mitigate risk accelerate results.
A longtime ceo and chairman of texasbased computer company, dell. Techcrunch has confirmed that francisco partners and elliott management have agreed to acquire dells software division. Quest software, one identity to operate separately from. New york including stock price, stock chart, company news, key statistics, fundamentals and company profile. Aug 29, 2016 quest software, one identity to operate separately from sonicwall after dell software sale. Chief executive vincent smith preferred a sale to insight over dell because it would allow him to keep running the company, said. One identity llc company profile and news bloomberg markets. See more in the press release or click on the page below. Dell software businesses sold to private equity firms. Jun 20, 2016 techcrunch has confirmed that francisco partners and elliott management have agreed to acquire dells software division. Jan 14, 20 dell has been trying to cut its reliance on the pc business, but those efforts face their own challenges. Dell divests quest software and sonicwall exo platform. Francisco and elliott are in talks to buy logmein bnn bloomberg.
Enable highperformance oracle replication and data integration. Jul 16, 20 dell investors should take the money and run. Quest software, also known as quest, is a privately held software company headquartered in. Quest was spun out of dell technologies in 2016 and is owned by private equity firms.
Dell company swot analysis 20 strategic management insight. Dell has decided to sell dell software group, its division dedicated to software, to the investment fund francisco partners and the venture capital firm elliott management. Increase productivity for database development and administration. The company is known for toad, a product used by database professionals, in addition to other offerings for microsoft azure cloud management, software. Dell software inc provides information technology services. The locations on the floors of futures and options exchanges where trades are executed. The company provides identity governance, access management, and identityasaservice. The companys brands include toad, kace, quest, and foglight. After more than a month of backandforth negotiations, dell today announced that it had landed the reluctant fish called quest software. 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 quest software now owned by dell. Company profile page for quest software incca including stock price, company news, press releases, executives, board members, and contact information. Mar 09, 2012 quest software, a provider of database applications and other corporate i. 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.
Quest software, one identity to operate separately from sonicwall after dell software sale. The deal will cover the quest software and sonicwall arms of dell, as well as other, unspecified advanced analytics, database management, data. Dell technologies dell is considering buying the remaining outstanding shares of secureworks scwx, according to a bloomberg report. Mchael dell is known for the computer company he started in 1984 under the name pcs limited and now bears his. Previously at dell, he led sales for the global 500 business segment as well as worldwide sales for data protection software. Dell to sell software unit to francisco partners and.