Emerson Electric agrees to sell LANDesk unit to private equity firm Thoma BravoBy AP
Monday, August 23, 2010
Thoma Bravo agrees to buy LANDesk Software
SALT LAKE CITY — Private equity firm Thoma Bravo has agreed to acquire the LANDesk Software unit from Emerson Electric Co.
Financial details of the deal were not disclosed.
The acquisition is expected to close by the end of September, LANDesk said Monday.
LANDesk, which provides computer security and management products for desktops, servers and mobile devices, has about 750 employees worldwide.
Shares in Emerson Electric rose 28 cents to $47.38 in aftermarket trading after adding 42 cents to $47.10 during the regular session.
Tags: Computing And Information Technology, North America, Salt Lake City, Software, United States, Utah