lundi 2 juillet 2012

Dell spends 2.4 billion for Quest Editor


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In its strategy of refocusing on business services, Dell bought the American Quest for $ 2.4 billion.
The American computer manufacturer Dell announced that it purchased the editor of Quest Software for $ 2.4 billion and it created a Department dedicated to complete its offering of computer hardware. Under the terms of the agreement, "approved by the boards of Directors of both companies, Dell will pay 28 dollars in cash for each share of Quest for a total of nearly $ 2.4 billion, net debt and cash Quest price," says the press release. The premium is minimal for the shareholders of Quest action had closed to 27,81 dollars Friday.

"The acquisition of Quest will allow Dell to provide servers, storage, network and computing systems more competitive", commented John Swainson, president of the division of Dell software. The company, known for its low cost PC manufacturing operations, wants to refocus on the business services.

Quest has 1500 commercial and 1300 programmers on a total of 3850 employees. Created in 1987, the company is headquartered in Aliso Viejo, California, and has offices in 23 countries. Quest "has a diverse portfolio of software and generated turnover $ 857 million in its fiscal year 2011 with a gross margin of 86% and an operating margin of 11 %", details the release.

The transaction should be finalized in the third quarter of the fiscal year of Dell, under the guise of obtaining of permissions of rigour.
The action of Dell was 0.64% to $ 12.43, and Quest decreased by 0.16% to 27,76 dollars to 14 H 35 GMT.

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