Law360, New York (July 02, 2012, 2:22 PM ET) -- Dell Inc. reached a deal Monday to buy database applications provider Quest Software Inc. for $2.4 billion, announcing itself as the mystery bidder that edged out a $2 billion offer in March from private equity firms Insight Venture Partners LP and Vector Capital.
The all-cash deal was widely anticipated after Quest announced last month that it had received a higher offer from an unnamed company and confirmed the outlines of the deal on Friday, still not naming the bidder. Dell, which has been beefing up its...