Dell makes services move, acquires company
- 04 June, 2002 08:00
Dell Computer Corp. last Friday acquired Plural Inc. to boost its services businesses in its second acquisition.
The company, who has said that it would make a number of small acquisitions to fill holes in its enterprise business infrastructure, would not disclose the terms of the deal.
Plural specializes in Windows NT and 2000-based e-commerce services and consulting and is expected to help Dell develop a larger professional services area. Plural had revenue in 2001 of US$46 million. Its president, Neil Isford, will join Dell. The company's 200 employees will boost the size of Dell's Americas Services division.
Plural's clients include Credit Suisse First Boston Corp., Merrill Lynch & Co. Inc., The Nasdaq Stock Market Inc., FleetBoston Financial Corp., Morgan Stanley Dean Witter & Co., Johnson & Johnson and Nabisco, among others.
The acquisition is Dell's second. An acquisition in 1999 of a storage virtualization company, Convergenet Technologies, for $340 million failed after Dell could not further develop their technology. In 2000, Dell took a $194 million charge related to research and development of Convergenet technology. Convergenet's technology allowed any type of server - Unix, Solaris, Linux or Windows NT - to connect to a storage array.