LANDesk was acquired for an initial consideration of $400m, including $200m in Avocent stock and $200m in cash, plus assumed unvested employee stock options.
“The LANDesk acquisition will provide Avocent with immediate diversification of our revenue base by adding software for the centralised management and protection of information technology assets with an especially strong suite of desktop and server change, configuration, security management and administration tools," said John Cooper, Avocent’s chairman and chief executive.
"It also provides us with substantial opportunity to broaden our product offerings in the future," he added.
Businesses also admit to holding data without permission of subjects
Zedsphere says end-point security vendor's offerings will be a 'key' feature of its wider portfolio
New acquisition will bring UK cloud service provider's global headcount to over 700
Law firm claims that Oracle lied to investors over what is driving its cloud revenue growth and boosted sales through 'threats and extortive tactics'