logo
Share SHARE
FONT-SIZE Plus   Neg

Dell Agrees To Acquire Data Protection Firm SonicWALL

PC maker Dell Inc. (DELL) on Tuesday said it has signed a definitive agreement to acquire SonicWALL, Inc., a provider of advanced network security and data protection. Financial terms of the transaction were not disclosed.

San Jose, California-based SonicWALL was founded in 1991 and focuses on products used for firewalls, secure remote access, email security, and backup and recovery.

John Swainson, president, Dell Software Group, said, "We are building a strategic software portfolio to address the needs of our customers with key assets in the fast-growing and highly profitable IT security solutions business."

He added, "SonicWALL gives Dell access to unique intellectual property resources and technology that position us well in fast growing parts of the software security business."

The acquisition brings Dell SonicWALL's Next-Generation Firewalls and Unified Threat Management Firewalls, complementing the company's security solutions portfolio. Dell said the deal will enable it to offer customers a broader range of enterprise offerings.

The acquisition brings Dell SonicWALL's Next-Generation Firewalls and Unified Threat Management Firewalls, complementing the company's security solutions portfolio. Dell said the deal will enable it to offer customers a broader range of enterprise offerings.

Similarly, Dell's existing PartnerDirect members will be able to sell SonicWALL solutions to meet their customers' IT security needs.

SonicWALL has private equity investment firm Thoma Bravo as the lead institutional investor. Thoma Bravo led an investor group, including the Ontario Teachers' Pension Plan, to acquire SonicWALL, formerly a public company, in 2010.

The transaction was approved by the board of directors of both companies. The deal is expected to close in the second quarter of Dell's fiscal 2013.

Dell intends to employ SonicWALL's 950 employees to the Dell team and plans continued investments to grow this business.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
French car maker Renault SA reported Friday higher profit in its fiscal 2015, with strong growth in automotive profit and revenues. The company announced higher dividend. Looking ahead, for fiscal 2016, Renault expects to increase group revenues at constant exchange rates and improve group operating margin. Shares of Rolls-Royce Holdings Plc were gaining around 13 percent in the morning trading in London after the engine maker reported more-than doubled profit in its fiscal year 2015, with lower one-time items. Underlying earnings were hurt by weakness in Marine markets. Further, the company halved its dividends, and still expects lower revenues next year. German steel giant ThyssenKrupp AG reported a loss in its first quarter, compared to last year's profit as sales and orders were hurt by sharp deterioration in materials businesses. The company said its overall performance in the first quarter was within its full-year forecast corridor. Looking ahead, the company continues to expect higher net income and flat sales for fiscal 2016.
comments powered by Disqus
RELATED NEWS
Trade DELL now with 
Follow RTT