Enterprise software vendor LANDesk has been sold to a private equity firm.
The company said that it had been purchased by Chicago-based Thoma Bravo from Emerson Electronics for an undisclosed sum. The deal is expected to be completed by September.
When the deal closes, LANDesk will operate as a separate firm, with executive vice president and general manager Steve Daly assuming the title of chief executive.
LANDesk, which specialises in IT systems management and security software and services, had been owned by Emerson Electronics since the 2009 purchase of its parent company, Avocent.
The company hopes that the deal will allow it to further push into the IT management and services sectors.
"There are about 500 million PCs or laptops in the corporate environment today, with five billion IP-connected devices. Estimates indicate there will be 50 billion IP-connected devices in the world by 2020," said Daly.
"With the assistance of Thoma Bravo, we will remain the leader in IT management and continue to focus on helping our customers manage and secure their systems, regardless of device type, platform or location."
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