Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Dell To Acquire Make Technologies

PC maker Dell Inc. (DELL: Quote) 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.

Click here 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
Stocks are likely to jump sharply at the start of trading on Friday, extending the upward move seen over the course of the previous session. The major index futures are currently pointing to a substantially higher open for the markets, with the Dow futures up by 169 points. Eurozone inflation rose slightly in October but it remained consistently below 1 percent, signifying the risk of deflation in the currency bloc. At the same time, the unemployment rate held steady at an elevated level in September. Inflation rose marginally to 0.4 percent in October from 0.3 percent in September, flash data from Eurostat showed Friday. Russia's central bank lifted its key rate sharply by a bigger-than-expected 150 basis points to counteract the slide in ruble and rising inflation. The Bank of Russia decided on Friday to raise its key rate to 9.50 percent from 8 percent. The bank was expected to hike its rate by 50 basis points. This was the fourth interest rate increase this year.
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.