Novell Announces Agreement to Acquire Leading Enterprise Linux Technology Company SUSE LINUX

- Novell will be the only $1 billion software company with a Linux distribution and the worldwide technical staff to support it

- Novell/SUSE LINUX to become the world's largest supplier of desktop-to-server Linux solutions and technical support

- Customers to gain worldwide technical support for enterprise Linux solutions from a company with more than 20 years of operating

system experience IBM and Novell to negotiate extensions to commercial agreement with Novell/SUSE LINUX to support the IBM eServer line

With the open source expertise of SUSE LINUX and Novell's world-class networking and identity solutions and support, training and consulting services, Novell will be able to deliver Linux and all its components -- from the server to the desktop and give organizations a secure, reliable and mature Linux foundation. Novell will pay $210 million in cash to complete the acquisition. The transaction is subject to regulatory approval and the winding up of shareholder agreements. Novell expects the transaction to close by the end of its first fiscal quarter (January 2004).

This latest move follows Novell's August purchase of Ximian, a leader in Linux server and desktop solutions, and further demonstrates Novell's ongoing commitment to provide customers a full range of Linux solutions. Both the Ximian and SUSE LINUX acquisitions affirm Novell's commitment to promoting the open source model and developer community.

source: Continues.. at NewsForge

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