M&A Deal Summary

Dell Acquires Wyse Technology

On April 2, 2012, Dell acquired technology hardware company Wyse Technology from Garnett & Helfrich Capital for 1.0B USD

Acquisition Highlights
  • This is Dell’s 3rd transaction in the Technology Hardware sector.
  • This is Dell’s 6th largest (disclosed) transaction.
  • This is Dell’s 21st transaction in the United States.
  • This is Dell’s 8th transaction in California.

M&A Deal Summary

Date 2012-04-02
Target Wyse Technology
Sector Technology Hardware
Buyer(s) Dell
Sellers(s) Garnett & Helfrich Capital
Deal Type Add-on Acquisition
Deal Value 1.0B USD

Target

Wyse Technology

San Jose, California, United States
website
Wyse is a provider of network-centric computing solutions. Wyse provides the hardware, software, and services that shift computing complexity to the network, freeing IT departments from unnecessary support and maintenance functions, empowering users to be more productive in their jobs, and protecting and improving access to critical information and business applications.

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Buyer(S) 1

Buyer

Dell

Round Rock, Texas, United States

website


Category Company
Founded 1984
Sector Technology Hardware
Employees133,000
Revenue 101.2B USD (2022)
DESCRIPTION
Building 7 on Dell's campus in Round Rock, Texas.
Building 7 on Dell's campus in Round Rock, Texas.

Dell is a global provider of technology equipment and information technology software and solutions. Dell Technologies looks to bring together the entire infrastructure from hardware to software to services. Through its recent combination with EMC, Dell Technologies offers next-generation solutions through its Client Solutions Group, Infrastructure Solutions Group, VMware, Inc., RSA Information Security, SecureWorks Corp., Pivotal Software, Inc., Boomi, Inc., and Virtustream, Inc. Dell's solutions enable digital transformation and encompass software-defined data centers, all-flash arrays, hybrid cloud, converged and hyper-converged infrastructure, cloud-native software application development tools, mobile, and security solutions. Dell was incorporated in 1984 and is based in Round Rock, Texas.


DEAL STATS #
Overall 22 of 31
Sector (Technology Hardware) 3 of 3
Type (Add-on Acquisition) 20 of 29
State (California) 8 of 11
Country (United States) 21 of 28
Year (2012) 3 of 7
Size (of disclosed) 6 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-13 SonicWALL

San Jose, California, United States

SonicWALL is a provider of an Internet security solutions and appliances. SonicWALL has three business units: Network Security, Content Security, and Business Continuity.

Buy $1.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-05 MAKE Technologies

Vancouver, British Columbia, Canada

MAKE Technologies, Inc. is a provider of legacy modernization software and services. Make Technologies has guided organizations that maintain portfolios of legacy applications to transform and implement business-agile systems.

Buy -

Seller(S) 1

SELLER

Garnett & Helfrich Capital

San Mateo, California, United States

website


Category Venture Capital Firm
Founded 2004
PE ASSETS 350M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Garnett & Helfrich Capital is a private equity firm that invests in mid-sized technology spinouts. The firm specializes in spinning out businesses from large global technology companies and growing them as specialized standalone businesses. Garnett & Helfrich Capital seeks to invest in the sectors of enterprise software, communications and networking, semiconductors, data processing, and internet content/infrastructure segments in the technology industry. The firm looks for acquisition opportunities in which the business has ongoing annual revenues between $40 million to $200 million. Potential businesses may or may not be profitable or cash flow positive. Moreover, businesses may be in need of new technology and products to expand the existing offering, and may be broken and orphaned within the parent organization. Garnett and Helfrich Capital was formed in 2004, and has offices in San Mateo, California and Portsmouth, New Hampshire.


DEAL STATS #
Overall 3 of 5
Sector (Technology Hardware) 2 of 2
Type (Add-on Acquisition) 3 of 4
State (California) 3 of 4
Country (United States) 3 of 4
Year (2012) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-09-27 BLADE Network Technologies

Santa Clara, California, United States

BLADE Network Technologies, Inc. is specializes in software and devices that route data and transactions to and from servers.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-09 MTI Technology

Godalming, United Kingdom

MTI Technology is a provider of IT storage infrastructure and security solutions to national and global enterprises. MTI Technology was established in 1987 and is headquartered in Godalming, United Kingdom.

Sell -