Dell Buys Computing Software Firm - TheStreet

Dell Buys Computing Software Firm

Its acquisition appetite remains healthy.
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(DELL) - Get Report

displayed its new appetite for acquisitions Wednesday with the purchase of a privately held maker of corporate computing software.

Dell said its purchase of

SilverBack Technologies

fits into its ongoing strategy of simplifying technology resources among corporations. SilverBack sells software for remotely monitoring and managing a company's computing resources such as notebooks, desktops and servers.

Dell did not disclose the price it paid for Billerica, Mass.-based SilverBack or any other terms of the transaction, but it noted that the deal would not be final until all closing conditions are met.

Dell has historically shown an aversion to acquisitions. However, the company, which is in the midst of a turnaround under the direction of founder Michael Dell, has recently said that it's open to more M&A, particularly in its fast-growing services business.

Shares of Dell were up 12 cents at $29.11 in extended trading Wednesday.