Fergie's Tech Blog

Avocent To Acquire LANDesk For $416M

Avocent, which supplies network connectivity gear to various businesses, agreed to purchase management software maker LANDesk Group for $416 million in cash and stock.

The deal, expected to close in the next 60 to 75 days, will include $200 million in stock, $200 million in cash and $16 million in options. The transaction value may be increased by up to $60 million if LANDesk meets certain financial targets.

Avocent, which also reported today that sales for the first quarter increased 23.1 percent to $94.5 million, makes switches and certain pieces of software to connect hardware in a data center.

LANDesk, Intel's software and services unit until the chipmaker spun it out in 2002, makes security and management applications for desktops, servers and mobile devices.

posted by Fergie @ 4/27/2006 09:52:00 AM