By now many of you hopefully many of you have seen news around Dell's intention to acquire Wyse Technology, which we announced earlier today. With the addition of Wyse, the global leader in cloud client computing, Dell is able to broaden the range of computing offerings it makes available to its customers and partners and to significantly extend its desktop virtualization offerings.
Desktop virtualization is commonly defined as a different compute model which helps organizations enhance security, streamline desktop management, and boost user productivity, while providing the flexibility to support a comprehensive array of business requirements. Wyse’s assets will add to Dell’s existing desktop virtualization offerings, Desktop Virtualization Solution Simplified and Desktop Virtualization Solution Enterprise and its recent Desktop as a Service (DaaS) partnership with Desktone.
While this announcement is exciting for Dell on the computing side, it holds just as much promise for our datacenter and enterprise businesses. A desktop virtualization instance often includes a significant sales drag of data center technologies such as server, networking and storage, and complemented by deployment and implementation services. The expanded desktop virtualization capabilities will create potential new market opportunity for the full range of Dell’s enterprise solutions and services.
We also look forward to welcoming all of Wyse’s existing channel partners into our PartnerDirect program. As we have done through previous acquisitions, we will leverage the best of their program to strengthen ours. An additional benefit to Wyse’s channel members is that they will now have access to all Dell products, which we expect to open up new opportunities.
As the press release notes, the transaction was approved by the board of directors of each company. Additional terms of the transaction were not disclosed. The transaction remains subject to customary conditions and is expected to close in the second quarter of Dell’s FY13.