Novell Acquires PlateSpin
Date: February 25, 2008
|
|
Novell (www.novell.com) today announced it has entered into a definitive agreement to acquire PlateSpin Ltd. Novell will acquire PlateSpin for $205 million using current cash. The acquisition is expected to close during Novell's second fiscal quarter 2008 subject to the satisfaction of closing conditions. PlateSpin will be integrated into Novell's Systems and Resource Management business unit. As part of this business unit, PlateSpin will continue to develop and market its solutions to a global customer base.
The acquisition of PlateSpin will enable the heterogeneous data center with support for leading operating systems and virtual platforms. It will also further enhance Novell's leadership in open source virtualization by providing tools that easily enable customers to move physical workloads to Xen-based virtual machines running on SUSE® Linux Enterprise as well as other virtual platforms provided by VMware, Citrix, Microsoft and others.
For more on this story please see: www.novell.com.
|
