NCRI – The American computer company, Dell, has announced that no longer will provide services to Melli Bank of the Iranian regime based on the “Iran Threat Reduction and Syria Human Rights Act of 2012.”
Dell has disclosed that a recently acquired Quest Software has been providing software maintenance to Melli Bank of Iranian regime and has informed the U.S. Securities and Exchange Commission. The maintenance occurred before Dell’s buyout of Quest.
Dell has stated: “We are disclosing the following information pursuant to Section 13(r) concerning activity by a UK affiliate of Quest Software, Inc. (“Quest Software”), which Dell acquired on September 27, 2012. The disclosure is regarding a maintenance services software renewal transaction with Melli Bank PLC valued at 106.13 British pounds (approximately $169.90 at the exchange rate for U.S. dollars on the renewal date) and marketing activity.”
“On September 10, 2012, prior to our acquisition of Quest Software, Quest Software (UK) Ltd., then a UK subsidiary of Quest Software, renewed two software maintenance licenses with Melli Bank PLC. The first license, for Quest Recovery Manager for Exchange software, had been in effect for seven years before the renewal, while the second license, for Spotlight on Messaging software, had been in effect for four years before the renewal. “
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