Novell gets acquired for $2.2 billion
Added On:11/23/2010 5:50:00 PM

Novell, a leading name in IT infrastructure is being speculated to get acquired by Attachmate. Attachmate is a 30 year old IT host connectivity and integration firm and is likely to purchase the earlier one for $2.2 billion.

Under the deal, the company will also possess the Novell’s SUSE Linux; additionally Attachmate has plans to spin off this unit as a different entity. Novell was struggling hard with its financial condition for a long time now and has finally agreed to be get acquired by Attachmate; though to market watchers it has come as a surprise.

The deal is full cash and can get completed by Q1 of 2011. The confirmation over the deal has ruled out all the possibilities of its Linux server being acquired by VMware, which were lately in airs.

Detailing on its roadmap after acquisition, Attachmate has indicated that it will break up Enterprise and SUSE business into two different entities. In the deal, Microsoft will get the intellectual property (Novell IP) via Attachmate.

ITVoir NewsDesk



Tags: Novell, IP, Attachmate, Microsoft
  


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