Dell Inc. (DELL) agreed to acquire cloud-computing software
provider Wyse Technology Inc. as the computer maker looks to extend
its virtual desktop offerings.
Financial terms weren't disclosed.
Dell--the world's third-largest PC maker by sales behind
Hewlett-Packard Co. (HPQ) and Lenovo Group Ltd. (LNVGY,
0992.HK)--recently hired private-equity executive and former CA
Inc. (CA) head John Swainson to shore up its software business as
its looks to focus on higher-margin operations like software and
data-storage systems.
The company also agreed in February to buy backup and
replication software maker AppAssure Software Inc., Dell's first
software acquisition since it formed its software group.
Dell expects to close the Wyse Technology deal in the second
quarter and said it should add to earnings in the second half of
fiscal 2013.
The company reported in February its fiscal fourth-quarter
earnings fell 18% as a shortage of disk drives hurt its ability to
sell higher-end computers, though revenue edged up 2.2%.
Shares closed Friday at $16.59 and were inactive premarket. The
stock has gained 13% so far this year.
-By Melodie Warner, Dow Jones Newswires; 212-416-2283;
melodie.warner@dowjones.com