Breaking News
FONT-SIZE Plus   Neg
Share SHARE

Dell To Buy Wyse Technology For Undisclosed Terms

PC maker Dell Inc. (DELL: Quote) said Monday it has agreed to acquire Wyse Technology, a cloud client computing company. Financial terms of the deal were not disclosed.

Dell noted that the acquisition will bolster its desktop virtualization capabilities and expand its enterprise solutions portfolio.

The transaction has been approved by the board of directors of both companies and is expected to be accretive to Dell's adjusted earnings in the second half of its fiscal year 2013. The deal is expected to close in the second quarter of Dell's fiscal 2013.

San Jose, California-based Wyse Technology was founded in 1981. The company has shipped more than 20 million units worldwide and has over 200 million people interacting with its products each day. Wyse Technology has more than 180 patents, both issued and pending, covering its solutions, software and differentiated intellectual property. The company serves customers in more than 50 countries around the world.

Wyse has more than 3,000 resellers and shipped more than 1 million units in 2011. Jeff Clarke, President of End User Computing Solutions at Dell said, "The Wyse Technology desktop virtualization capability complements Dell's strongest-ever device and computing solutions portfolio, and strengthens our position in offering customers among the broadest set of computing choices from the edge to the core to the cloud."

Matt Eastwood, Group Vice President of Enterprise Platform Research, IDC said, "Thin client and desktop virtualization solutions typically drive high attach rates to data center solutions, including servers, networking, storage and services. The end-to-end datacenter infrastructure stack for these solutions is expected to exceed $15 billion by 2015."

In mid-March, Dell said it has agreed 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.

DELL closed Friday's trading at $16.59. In Monday's pre-market, the stock is adding $0.01 or 0.03 percent to $16.60.

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.