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Cloud Expo: Article

Dell's Incestuous SaaS Acquisition

The going price is $155 million cash
By SaaS News Desk
Article Rating:
February 19, 2008 09:30 AM EST
Reads:
 3,176
Dell, still a relative stranger to acquisitions, is buying MessageOne, Adam Dell's enterprise-class, on-demand e-mail services business, a company in which his brother Michael, Dell's founder, had a piece. The going price is $155 million cash.

It's earmarked for Dell's SaaS portfolio and provides continuity, archiving and disaster recovery.

According to the company, Michael, his wife and their kids' trust will make $12 million, which is supposed to go to charity. Adam will get $970k and their parents $450k.

Published February 19, 2008 – Reads 3,176
Copyright © 2008 SYS-CON Media, Inc. — All Rights Reserved.
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