Dell To Buy ASAP Software From Corporate Express For $340 Million

Dell Inc. agreed to buy ASAP Software from Amsterdam-based Corporate Express for about $340 million. The deal is slated to close during Dell's fiscal 3Q. ASAP specializes in providing companies and government organizations with automated asset managment. Its License Technologies Group offers Web-based software for asset inventory, software license compliance and software usage. Dell Senior VP, Paul Bell on Dell's latest acquisition: "Merging Dell's software business with ASAP is part of our effort to re-invent and simplify the way our customers get access to IT." Dell hopes to win a greater share of the corporate market with ASAP on board. Corporate sales already contribute 85% to Dell's annual revenue. Last month, Dell bought Silverback Technologies, a publisher of remote management tools.

Sources: Press Release, Bloomberg, MarketWatch, RTT News
Commentary: Dell Makes Another MSP Move • Dell, Sun Could Suffer As Virtualization Business Picks Up • Dell's Small Software Acquisition Has Big Implications
Stocks/ETFs to watch: DELL, CXP. Competitors: HPQ, GTW, LNVGY.PK. ETFs: IAH, IGM
Related: ASAP Software Online

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