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Dell To Acquire Make Technologies

PC maker Dell Inc. (DELL) on Thursday said it has signed a definitive agreement to acquire Make Technologies, a provider of application modernization software and services that reduce the cost, risk and time required to re-engineer applications.

Make Technologies was founded in 1999 and is headquartered in Vancouver, British Columbia. The company has developed unique intellectual property, including TLM Enterprise Suite, its applications migration software suite.

Make Technologies' software and services have helped IT departments reduce volume of code as well as associated operational costs.

Dell will add about 100 employees from Make Technologies to the Dell Services team. Additional terms of the transaction were not disclosed. The deal is expected to close in the second quarter of Dell's fiscal year.

by RTTNews Staff Writer

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