Attachmate is primarily known for its mainframe connectivity and terminal emulation software as well as NetIQ, Windows systems management software acquired in 2006.
Other, unnamed, IP assets will be sold to a consortium including Microsoft Corp. Novell and Microsoft have agreements in place to ease SUSE Linux and Windows interoperability. That deal is worth $450 million.
Attachmate will pay $6.10 per share or about $2.2 billion in cash, about a 28% premium over Novell’s price on March 2, 2010, the last trading day before Elliott Partners announced its unsolicited bid to buy Novell.
The concurrent sale of “certain intellectual property assets” to CPTN Holdings LLC, is also on deck. CPTN Holdings is a consortium including Microsoft and other “technology companies.” This deal is worth $450 million in cash, Novell said.
Things had been so quiet around Novell recently, that company watchers suspected a deal was in the works.
Early reaction among Linux shops has been surprise at the name of the acquiring party. Speculation had run rampant both inside and outside of Novell that VMware was a top contender. Told that Attachmate was buying Novell, one long-time Linux user yelled: “WHO?”
Barbara Darrow is senior news director of the SearchDataCenter/Virtualization group at TechTarget.
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