Dell Inc. (Nasdaq: DELL) is buying Enstratius, a cloud-management software and services provider.
Enstratius, headquartered in Minneapolis, provides multi-cloud management for organizations to manage applications across private, public and hybrid clouds. The program will be available on computers or through a hosted service. Terms of the deal were not disclosed.
The deal comes as Round Rock, Texas-based Dell considers multiple buyouts, as Mergers & Acquisitions has been reporting. In February, founder Michael Dell, with private equity firm Silver Lake Management LLC, proposed to take the company private for $13.65 per share, or about $24.4 billion, but shareholders have argued that price is too low.
Silver Lake bought a majority stake in Skype from eBay Inc. (Nasdaq: EBAY) in 2009 for $1.9 billion. Microsoft bought Skype in 2011 for $8.9 billion. The firm closed a $10.3 billion fund in April, called Silver Lake Partners IV Fund.
Private equity firm Blackstone Group LP offered $14.25 per share or $25.58 billion, but pulled out from the bidding process in April due to a market decline in PC volume in the first quarter. Blackstone made a bid as part of a group that also contained Xerox affiliate Boulder Acquisition, Francisco Partners and Insight Venture Management. After Blackstone pulled out, Dell shares dropped to $13.07 from about $13.95 before the firm rescinded its bid. On May 6, shares opened at $13.33.
Activist shareholder Carl Icahn proposed a deal that values Dell at $27 billion, which would give him a 58.1 percent stake in the company.