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Novell to Be Sold for $2.2 Billion

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Novell, the software maker, said on Monday that it had agreed to be acquired by the Attachmate Corporation for $2.2 billion in cash.

Novell also plans to sell some intellectual property assets for $450 million to a consortium of technology companies organized by Microsoft. Attachmate’s takeover is contingent on the successful closing of the sale.

Novell, a company that specializes in enterprise infrastructure software, will add to Attachmate’s portfolio of software brands, which includes its namesake line and NetIQ (acquired in 2006). Attachmate has effectively served as an acquisition vehicle, led by a trio of private equity firms: Francisco Partners, Golden Gate Capital and Thoma Bravo. In 2005, the investment team purchased Attachmate for an undisclosed sum and immediately merged it with an earlier buyout, WRQ.

Full Story: Novell to Be Sold for $2.2 Billion – NYTimes.com