Dell Acquires MessageOne For $155M
Dell Inc. on Tuesday announced its agreement to buy MessageOne Inc., an e-mail management services provider, for about $155 million in cash.
MessageOne, which also provides archiving and business continuity services, was bought to round out Dell’s Software-as-a-Service suite. MessageOne was co-founded by Adam Dell, brother of Dell founder Michael Dell – it’s owned in part by investment funds Impact Venture Partners and Impact Entrepreneurs Fund, which is managed by Adam Dell.
“This is a valuable acquisition for Dell. MessageOne’s offerings add key capabilities to our growing SaaS-enabled services portfolio for the most critical application to businesses of any size – e-mail,” said Steve Schuckenbrock, president, Dell Global Services, and chief information officer. “MessageOne’s services not only meet the needs of large companies – with an impressive roster of existing Fortune-500 customers and marquee partners as proof points – but can also scale down cost effectively to meet the needs of small and medium business customers.”
Several members of the Dell family are investors in Impact funds. When the Impact funds distribute the acquisition consideration to their partners, Adam Dell will receive approximately $970,000; Michael Dell, Susan Dell and their children’s trust, collectively, will receive approximately $12 million; and Mr. Dell’s parents will receive approximately $450,000. Impact Venture Partners now owns 22.31% of MessageOne and Impact Entrepreneurs Fund owns a 1.73% of MessageOne.
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