Round Rock-based computing company announced a deal to purchase Quest Software for $2.4 billion today.
Founded in 1987, offers IT management solutions to corporate clients, including database management, data protection, performance monitoring and more.
The move comes as Dell seeks to expand beyond its original model of personal computer sales.
As , 鈥淒ell told analysts at a June 13 meeting that it plans to use deals to boost revenue from data-center hardware, software and services by 45 percent to $27.5 billion by fiscal 2016, reducing the company鈥檚 reliance on the slow-growing desktop and notebook computer businesses.鈥�
A from the companies says the purchase is set to close in Dell鈥檚 third fiscal quarter this fall, subject to approval from Quest stockholders.
