Dell to purchase MessageOne for $155 million

February 13th, 2008 | Category: Gadget News

Section: Communications, Email / IM, Computers, Software

Dell has announced their plans to purchase the business e mail 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 input loss. It is expected to compete against similar services that are offered from Google and Microsoft.

Read [Reuters]

Full Story » | Written by Robert Nelson for Gadgetell. | Comment on that editorial »

Orginal post by Robert Nelson

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