Dell Pays about $1billion to Acquire Wyse Technology

Dell Inc. -the world’s third-largest maker of personal computers- paid about $1 billion to buy closely held Wyse Technology Inc.

Purchasing Wyse, which makes desktop devices for cloud computing, will boost earnings in the second half of fiscal 2013 as Dell said, which didn’t disclose terms of the deal.

Wyse sells so-called thin drives, which connect personal computers to remote servers storing corporate data, as well as security software and services. The San Jose, California-based company has shipped more than 20 million devices worldwide.

Dell has been using acquisitions to diversify its operations and sell more equipment and software for corporate data centers.

Meanwhile, Dell is cutting back on its less profitable line of consumer products, as Bloomberg stated.

To be mentioned that, the company hired CA Inc. Chief Executive Officer John Swainson to oversee the push in February.