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Dell set to acquire Quest Software for $2.4bn

Dell Inc. is set to acquire enterprise management software maker Quest Software Inc. for $2.4bn in cash, beating a $2.17bn bid by private investment firm Insight Venture Partners, Reuters has reported. "The addition of Quest will enable Dell to deliver more competitive server, storage, networking and end user computing solutions and services to customers," said John Swainson, president of Dell software group. The deal is expected to close in the third quarter, Dell said.