Francisco Partners and Elliott Management have completed its acquisition of the Dell Software Group for $2.4bn.

Francisco Partners, a leading technology-focused private equity firm, Elliott Management Corporation, an investment company have completed its acquisition of the Dell Software Group, a software’s diverse combination of security, systems and information management, and data analytics solutions for $2.4bn. “We founded our firm in 1999 to pursue divisional carve outs in the technology sector and today’s agreement continues that vision. Quest Software and SonicWALL provide mission-critical software to a large and loyal base of over 180,000 customers, and we see significant opportunity to build upon the company’s impressive technology and product portfolio. We are excited to be partnering with Elliott Management and want to thank Silver Lake Partners and Dell for their continued partnership.” Dipanjan “DJ” Deb, Francisco Partners’ Chief Executive Officer.