Dell acquires ASAP Software

Dell said Thursday that it has acquired ASAP Software, which provides applications to manage software licenses and renewals, for $340 million.

ASAP is currently a subsidiary of Corporate Express, an office supplies vendor. 

In a statement, Dell said the acquisition, which will close during the fiscal third quarter, will help the company offer customers the ability to manage all of their applications and the licensing, compliance and renewal requirements that come with them.

ASAP also includes a subsidiary, License Technologies Group, that provides licensing and e-commerce services for software publishers.

Dell doesn't break out software sales individually, but trails rivals like HP, which have acquired a bevy of software firms. For Dell's fiscal first quarter ending May 4, the company had software and peripherals revenue of $2.3 billion, or 16 percent of sales.