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Insight Venture Partners has increased its buyout offer for Quest Software Inc. (Nasdaq: QSFT), according to Bloomberg. Insight originally offered to buy the company for $23 per share, or around $2 billion, but was topped by a $25.50 per share bid from an undisclosed suitor. Bloomberg reports that Insight has now bested $25.50, although it does not say by how much. Quest shares closed trading yesterday at $26.61 per share, or around $2.2 billion. www.quest.com

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