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
Sobeys Inc. is cutting 800 jobs across Canada as part of the grocery store chain's efforts to cut costs and streamline its organization. Sobeys is Canada's second-largest grocery chain behind Loblaw Companies Ltd. The job cuts come as Sobeys, like others in the industry, grapple with stiff competition from rivals, higher costs and technological change. This year's holiday shopping season has got off to a strong start. Online shoppers spent $1.52 billion on Thanksgiving Day, with smartphones accounting for 46 percent of all traffic to U.S. retail websites, according to Adobe Analytics data. The $1.52 billion in online spend by Thanksgiving evening represents 16.8 percent growth from last year, according to the data. Shares of thyssenKrupp AG were gaining around 2 percent in the morning trading in Germany after the steel giant Thursday said it expects clearly positive net income and significantly higher adjusted EBIT, a key earnings metric, in fiscal 2018. This was after reporting higher adjusted EBIT, sales and order intake in its fiscal 2017, despite a net loss due to charges.
comments powered by Disqus
RELATED NEWS
Trade DELL now with 
Follow RTT