Dell Buys Quest Software

Round Rock-based Dell said this morning that it has reached a definitive agreement with Quest Software to acquire the IT management software firm. Dell said it would pay $28.00 per share in cash from Quest, for a total price of approximately $2.4 billion for the company. The deal came after a bidding war betwen Dell and a private equity group led by Insight Venture Partners. Dell said the move would help bolster its software group.