Altiris Buys Wise

Altiris executives believe the acquisition will enhance Altiris' IT life-cycle management products. Wise technology will also bolster Altiris' client and server management offerings, especially in software delivery and patch management.

"Through this strategic acquisition, Altiris adds world-class software packaging and delivery capabilities to our portfolio of IT life-cycle management offerings," said Greg Butterfield, Altiris president and CEO. "Through our existing partnership with Wise, we have already been successful in winning new customer relationships and are now positioned to further leverage our channel partner relationships. As a result of this acquisition, we expect to further integrate the technologies and expand our branded offerings."

Under the terms of the deal, Altiris agreed to pay about $31.5 million in cash and issue 348,797 shares of Altiris common stock for all capital stock of Wise.