Quest Software Gets Increased Offer

The bidding war for Aliso Viejo-based Quest Software, the developer of IT management software, continued this morning, as the firm reported that an un-named, strategic bidder has upped its proposal to acquire the company to $27.50 per share in cash. The bidder--believed to be Dell Computer--trumps the last offer, $25.75 per share from Insight Venture Management and its partners.