Russian software development outsourcer Luxoft, part of the IBS Group, has announced its acquisition of US-based Freedom OSS, Cnews reported Wednesday. Luxoft is one of Russia’s leading IT service provider of high-end business solutions to clients across the globe. The company’s experience with open source software is based on RedHat’s JBoss enterprise middleware, which integrates applications, data, and devices. Freedom OSS develops open source software for electronic payments, content management and collaboration tools.
Computer maker Dell Inc., in a move to strengthen its software business in the face of declining PC sales, has just acquired Quest software for $2.4 billion.
The deal ends a months-long bidding war that saw offers for the California-based company rise from an initial bid of $2 billion.
According to the L.A. Times, Dell plans to make Quest...