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2009: Decision Year for RIAs - June 22-23, 2009 New York

Industry News Desk
Dell's Incestuous SaaS Acquisition
The going price is $155 million cash

By: SaaS News Desk
Feb. 19, 2008 09:30 AM

Dell, still a relative stranger to acquisitions, is buying MessageOne, Adam Dell's enterprise-class, on-demand e-mail services business, a company in which his brother Michael, Dell's founder, had a piece. The going price is $155 million cash.

It's earmarked for Dell's SaaS portfolio and provides continuity, archiving and disaster recovery.

According to the company, Michael, his wife and their kids' trust will make $12 million, which is supposed to go to charity. Adam will get $970k and their parents $450k.

Published Feb. 19, 2008— Reads 5,048
Copyright © 2008 SYS-CON Media, Inc. — All Rights Reserved.
Syndicated stories and blog feeds, all rights reserved by the author.
About SaaS News Desk
SaaS News Desk trawls information and news sources worldwide for the very latest developments concerning SaaS as a software application delivery model and brings you topical material relevant to the new paradigm in which customers pay not for owning software but rather for using it.

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