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
Computer and printer maker Hewlett-Packard Co. said Thursday after the markets closed that its second quarter profit fell 21% from last year, hurt by lower revenue and costs related to the planned separation of the company. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations, but its quarterly revenue fell short of analysts' forecast. Accounting software maker Intuit reported a plunge in third-quarter profit, hurt by impairment charges, even as results topped Wall Street estimates, driven by growth in small business segment amid a strong tax season. Struggling teen-apparel retailer Aeropostale Inc. (ARO), Thursday said its first-quarter loss narrowed from a year ago, driven largely by stronger margins even as revenues continued to plunge dropped. Nevertheless, the company lost almost one-fifth of its market value in after-hours trade, with the...
comments powered by Disqus
Follow RTT