LANDesk Acquires Data Analytics Company
April 2012 by Emmanuelle Lamandé
LANDesk Software announced the acquisition of Managed Planet. The company has technologies in the areas of IT asset management, business to business connectors, hardware discovery, reporting and asset analytics. LANDesk previously licensed this technology as part of its LANDesk® Data Analytics product. Managed Planet is located in Dallas, Texas and financial terms of the transaction were not disclosed.
This acquisition is the fifth since LANDesk spun-out of Intel in 2002 and the first for LANDesk since becoming a stand-alone business again in September of 2010. As a stand-alone company, LANDesk has achieved significant growth and expanded its product portfolio while achieving record levels of profitability. This acquisition represents a first step in the next phase of LANDesk’s growth strategy.
“Acquisitions represent an important component of our growth strategy and this announcement marks a shift to accelerated growth for LANDesk,” said Bob Macfarlane, LANDesk’s Vice President of Corporate Development. “LANDesk has achieved its core goals since becoming an independent company and our strong financial performance fuels plans for future acquisitions.”
LANDesk will continue to sell its version of LANDesk Data Analytics as add-on options to its systems and security management products. This acquisition will enable LANDesk to more quickly localize all Managed Planet offerings while expanding availability through LANDesk global channels.