Latest Dell Acquisition: Not Palm
Dell is certainly getting its money’s worth from David Johnson, the mergers and acquisitions specialist it hired away from IBM (IBM) in 2009. Last fall, the PC maker announced plans to buy information technology services outfit Perot Systems (PER) for about $3.9 billion. Now, just a few months later, it’s snapping up another company–and no, it’s not Palm (PALM).
Dell (DELL) is acquiring Kace Networks, a systems-management appliances venture with clients in government, education and health care. Terms of the deal were not disclosed.
For Dell, which is pushing harder than ever to expand tech services offerings, the deal seems a savvy one. Certainly, it dovetails nicely with the company’s acquisition of Perot and will aid its effort to peddle services to small- and mid-sized businesses–something the company clearly needs to do as profits from its core personal computer business dwindle.