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Utah software company sold. Avocent buys LANDesk in $416 million deal

April 28, 2006 /

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In a deal worth possibly half a billion dollars, Utah company LANDesk Software is being acquired by Avocent Corp., a leading provider of remote computer server networking products and services.

The cash and stock transaction, to close in 60-75 days, initially will be worth $416 million. If South Jordan-based LANDesk also meets certain unspecified business milestones, the deal’s value could climb another $60 million, the companies said Thursday.

By Bob Mims
The Salt Lake Tribune

Full Story: http://www.sltrib.com/business/ci_3760817

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