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SonicWall Agrees To $717 Million Acquisition By Investor Group

By Stefanie Hoffman
June 03, 2010    3:15 PM ET

Page 2 of 2

But channel partners aren't so sure. Luigi Giovanetti, vice president of Woburn, Mass.-based CPU Sales and Services, said that the news came as a surprise and that he remains in the dark about the next moves for SonicWall and how the deal will impact its channel partners.

"We're a reseller. How are they going to control distribution? Are they going to eliminate the channel or leave us the smaller stuff?" he said.

"It could be anything. We have hundreds of customers and have invested thousands and thousands of dollars. We can't be left in the dark," he added.

Giovanetti said that SonicWall products comprise a significant portion of CPU's offerings, and he planned to remain a partner, in light of the fact that the company was a "very easy company to work with, friendly and listened to resellers input."

The fact that Thomas Bravo paid a 30 percent premium boded well, he said. "These days, buying companies doesn’t happen too often. When they're spending an extra 30 percent, that relieves me," he said. "We just have to sit and wait and see what happens."

Following the acquisition announcement, the law firm Ryan & Maniskas said it was investigating "whether the company undertook a fair process to obtain fair consideration for all shareholders of SonicWALL."



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