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Quest Software is a software manufacturer headquartered in Aliso Viejo, California. Founded in 1987, Quest develops, manufactures and supports software used by Information Technology (IT) professionals in a variety of industries. Although the company may be best known as the maker of TOAD, a popular product used by database professionals, it offers other products that develop, manage, monitor and protect packaged and custom software applications, as well as associated software infrastructure components, such as databases, application servers, operating systems and hypervisors. The company has a reputation for following IT spending trends and investing in technology areas such as virtualization, cloud automation and backup and recovery. - Source: Wikipedia
Dell is buying Quest Software for $2.4 billion to expand its offerings as its personal computer business weakens in an era of smartphones and sleeker devices like the iPad.
Quest Software said Friday that it's being bought by investment firm Insight Venture Partners for $23 per share, which the company says values it at $2 billion.