Dell is in talks to buy network applications maker Quest Software for more than $2 billion, according to a report from Bloomberg.

Quest originally agreed to be acquired by Insight Venture Partners for $2 billion, but those talks may have faltered. Quest’s backup and security software could complement Dell’s products well. BMC, Microsoft, and Oracle are all potentially bidding on Quest too.

Quest’s shares on the Nasdaq exchange are up nearly 4 percent in mid-day trading, bringing the company’s market cap to $2.12 billion. Dell would need to offer up a premium on this pricing to win over the company.

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