Quest Software, Inc., an Aliso Viejo, California-based provider of data-protection and database-management software, said Friday it has agreed to be taken private by venture capital firm Insight Venture Partners.
Quest said in a statement announcing the buyout that Insight Venture’s $23-per-share, all-cash offer values the company at about $2 billion, and that the sale price represents a 19 percent premium over Thursday’s closing price of Quest shares.
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