Dell to Acquire SonicWall for $1.2 Billion
Hardware giant Dell said it will acquire SonicWall, a privately held maker of network security gear, for a reported $1.2 billion. SonicWall had been publicly held from 1999 through 2010, when it was taken private in a $717 million buyout led by the private equity firm Thoma Bravo and the Ontario Teachers Pension Plan. SonicWall had projected annual sales of about $220 million that year.