Dell to purchase MessageOne for $155 million
by at February 13, 2008 12:52 pm
Sections: Communications, Computers, Email / IM, Software / Applications
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Dell has announced their plans to purchase the business email services company MessageOne for a cash deal of $155 million. MessageOne was co-founded by Dell’s Michael Dell along with his brother Adam Dell and is owned in part by Impact Venture Partners and Impact Entrepreneurs Fund. The sale will put an approximate $12 million into a trust for Michael Dell, his wife and children with Adam Dell getting about $970,000 and their parents getting about $450,000.
MessageOne is a downloadable piece of software that lets companies manage and archive e-mail while minimizing outages and helping to prevent data loss. It is expected to compete against similar services that are offered from Google and Microsoft.
Read [Reuters]
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