Dell Inc. stated it would probably acquire the technology-security firm SonicWall Inc., the computer manufacturer’s newest struggle to broaden beyond its common hardware businesses.

The firms did not expose the amount Dell agreed to pay out, but individuals knowledgeable about the issue valued the offer about $1.2 billion. One of them stated that the cost bundled SonicWall’s financial debt.

In 2010, private-equity company Thoma Bravo LLC guided a team that took SonicWall private in an offer priced at $717 million. The acquistion company noted in Tuesdayt that SonicWall’s worth has substantially elevated ever since . . . → Read More: Dell Expands Business With Acquisition of SonicWall