Five Minute Briefing - Information Management
June 20, 2012
Five Minute Briefing - Information Management: June 20, 2012. A concise weekly report with key product news, market research and insight for data management professionals and IT executives.
Quest Software, Inc. says it has entered into an amendment to a previously announced merger agreement with affiliates of Insight Venture Partners to add Vector Capital as a member of the buyout group, and for an increase in the offer from $23 per share in cash to $25.75 per share in cash. According to Quest, the increased purchase price represents a 33% premium to Quest's closing stock price on the day prior to the announcement of the Insight merger agreement on March 8, 2012.