Novell buys PlateSpin in $205M deal
Novell Inc. says that it has reached an agreement to acquire PlateSpin Ltd., a Toronto-based maker of server-virtualization software, for $205 million.
The deal is expected to close during Novell's second fiscal quarter, company officials said.
Novell (Nasdaq: NOVL), which is based in Waltham, was founded in 1983, and employs more than 5,000 workers.
PlateSpin, founded in 2003, develops applications for the management of data centers, intended to improve the speed and quality of server consolidation, data center relocation and disaster recovery. The acquisition will allow Novell to offer customers a virtualization platform and management solution, company officials said.
Two weeks ago, Novell bought Maynard-based open-source collaboration software maker SiteScape Inc. for an undisclosed amount.
For 2007, Novell reported a loss of $44.5 million, while bringing in revenue of $932.5 million.