Breaking News
FONT-SIZE Plus   Neg
Share SHARE

Dell Agrees To Acquire Data Protection Firm SonicWALL

PC maker Dell Inc. (DELL: Quote) 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.

Register
To receive FREE breaking news email alerts for Dell Inc. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
After moving modestly higher in morning trading, stocks showed a substantial move to the downside over the course of the trading day on Wednesday. The major averages pulled back well off their highs for the session, sliding firmly into negative territory. Ebola "czar" Ron Kain is scheduled to meet with President Barack Obama on Wednesday as he begins his efforts to coordinate the government's response to the deadly disease. Klain, who previously served as chief of staff to Vice President Joe Biden and then-Vice President Al Gore, was named as Ebola Response Coordinator last Friday. Potentially complicating the outlook for control of the Senate, the results of a SurveyUSA poll conducted for WXIA-TV in Atlanta suggest that the Georgia Senate race between Republican David Perdue and Democrat Michelle Nunn could be headed for a runoff.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.