Dell Inc. stated it would probably acquire the technology-security firm SonicWall Inc., the computer manufacturer’s newest struggle to broaden beyond its common hardware businesses.
The firms did not expose the amount Dell agreed to pay out, but individuals knowledgeable about the issue valued the offer about $1.2 billion. One of them stated that the cost bundled SonicWall’s financial debt.
In 2010, private-equity company Thoma Bravo LLC guided a team that took SonicWall private in an offer priced at $717 million. The acquistion company noted in Tuesdayt that SonicWall’s worth has substantially elevated ever since then.
SonicWall creates products and associated software like firewalls that secure business networks from cyberattacks. Dell stated that it may well sell SonicWall’s equipments to small and big companies and therefore it may well add the technology to their products.
The acquisition of SonicWall Inc. is the second deal made by Dell’s new software division. That team, guided by John Swainson, the previous chief executive of CA Inc., was created last month.
In an interview with Mr. Swainson, he said “fast-growing and highly profitable” and SonicWall gives Dell with “unique intellectual-property resources and technology.”