Reliably Austin
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations

Dell Buying Quest Software for $2.4 Billion

KUT News

Round Rock-based computing company Dell announced a deal to purchase Quest Software for $2.4 billion today.

Founded in 1987, Quest Software offers IT management solutions to corporate clients, including database management, data protection, performance monitoring and more.

The move comes as Dell seeks to expand beyond its original model of personal computer sales. 

As Bloomberg reports, “Dell told analysts at a June 13 meeting that it plans to use deals to boost revenue from data-center hardware, software and services by 45 percent to $27.5 billion by fiscal 2016, reducing the company’s reliance on the slow-growing desktop and notebook computer businesses.”

A joint statement from the companies says the purchase is set to close in Dell’s third fiscal quarter this fall, subject to approval from Quest stockholders. 

Wells has been a part of KUT News since 2012, when he was hired as the station's first online reporter. He's currently the social media host and producer for Texas Standard, KUT's flagship news program. In between those gigs, he served as online editor for KUT, covering news in Austin, Central Texas and beyond.
Related Content