If you work at a desktop computer, chances are pretty good that you've been pounding on a keyboard connected to a PC made by Dell
To that end, Dell announced on Monday that it has agreed to buy Quest Software
Quest produces data-security and virtual desktop products that Dell believes will work together with the technologies from other software companies it has recently acquired. Those include Wyse Technology, a Web-based software company, and Sonicwall, a security company. Other companies Dell has acquired for its IT and data-center expansion plans have included Perot Systems and Force 10 Networks.
The goal of these acquisitions is for Dell to become an enterprise-solutions company that can compete with Hewlett-Packard
Dell had to pay a premium for Quest as it bid against private venture-capital firm Insight Venture Partners, but after its losing battle for data-storage company 3Par in 2010 -- which HP picked up for $1.6 billion -- it didn't want to lose out here.
The market's initial reaction to the Dell-Quest deal saw Dell's shares drop 1%, bringing the trailing 12 months' share drop to 27%.
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Fool contributor Dan Radovsky has no financial interest in the above-mentioned companies. The Motley Fool owns shares of IBM. Motley Fool newsletter services have recommended creating a synthetic long position in IBM. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days. The Motley Fool has a disclosure policy.