Cork software firm receives third buyout offer in a year

Quest Software, the Cork-based company which agreed to be bought by a group led by Insight Venture Partners, says it has received a higher offer of $27.50 (€22) a share in cash, the third buyout increase announced this year.

Cork software firm receives third buyout offer in a year

The bid from an unidentified strategic suitor is superior to a $25.75-a-share offer Quest accepted from Insight last week. Dell had previously offered to acquire Quest, according to a person familiar with the matter. Quest employs 220 people at its office in Mahon, Co Cork.

In March, Quest said it had agreed to be acquired by Insight for $23 a share, and two months later said it received several other proposals that it anticipated would lead to a superior offer.

Already a subscriber? Sign in

You have reached your article limit.

Unlimited access. Half the price.

Annual €130 €65

Best value

Monthly €12€6 / month

More in this section

The Business Hub

Newsletter

News and analysis on business, money and jobs from Munster and beyond by our expert team of business writers.

Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited