Feeds

Wang goes Dutch in $1.36 billion deal

Getronics swoops to form services behemoth

  • alert
  • submit to reddit

Remote control for virtualized desktops

One of Dell’s key service partners, Wang, has been bought by Dutch services giant Getronics. The deal is worth around $1.36 billion, with the combined company worth an estimated $5 billion. Wang is the world’s number five IT services company and this deal saw its shares valued at more than 14 per cent more than the closing market price yesterday. Getronics is paying $29.25 per share for the 46.7 million outstanding Wang common shares. Despite its size, things haven’t always gone smoothly for Wang - in 1992 it filed for bankruptcy. It now has a turnover of around $3 billion and employs 20,000 people. The company pointed to falling demand for its wordprocessor machines as a reason for its struggle to survive in the early 90s. It got out of hardware manufacture to concentrate on services. ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
MI6 oversight report on Lee Rigby murder: US web giants offer 'safe haven for TERRORISM'
PM urged to 'prioritise issue' after Facebook hindsight find
BIG FAT Lies: Porky Pies about obesity
What really shortens lives? Reading this sort of crap in the papers
Assange™ slumps back on Ecuador's sofa after detention appeal binned
Swedish court rules there's 'great risk' WikiLeaker will dodge prosecution
You think the CLOUD's insecure? It's BETTER than UK.GOV's DATA CENTRES
We don't even know where some of them ARE – Maude
prev story

Whitepapers

Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
10 ways wire data helps conquer IT complexity
IT teams can automatically detect problems across the IT environment, spot data theft, select unique pieces of transaction payloads to send to a data source, and more.
5 critical considerations for enterprise cloud backup
Key considerations when evaluating cloud backup solutions to ensure adequate protection security and availability of enterprise data.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?