Feeds

Novell buys SilverStream

Takes Web Services fight to IBM, Sun etc.

  • alert
  • submit to reddit

Maximizing your infrastructure through virtualization

Novell is fleshing out its Web services portfolio with the agreed $212m cash purchase of SilverStream Software.

The $9 a share offer represents a 75 per cent premium over Friday's closing price, so it's not altogether surprising that the deal is agreed. However, SilverStream has around $100m in cash and marketable securities on its balance sheet, so the net cash outlay for Novell will be $112m - assuming that no working capital is sucked out of the company to pay off the shareholders.

Novell's version of Web Services is called One Net

In a press statement today, Novell signalled its intention to fight IBM, Sun and Microsoft head-on for Web services business. But first it really needs to return to profit.

Through SilverStream's eXtend product line, Novell reckons it has got a way of unlocking corporate info held in those in those enormous, proprietary data silos which every enterprise is supposed to have, and then integrating this into web-applications.

Novell's press release is here. ®

The Power of One Infographic

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Airbus promises Wi-Fi – yay – and 3D movies (meh) in new A330
If the person in front reclines their seat, this could get interesting
UK Parliament rubber-stamps EMERGENCY data grab 'n' keep bill
Just 49 MPs oppose Drip's rushed timetable
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
Samsung threatens to cut ties with supplier over child labour allegations
Vows to uphold 'zero tolerance' policy on underage workers
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
ITC: Seagate and LSI can infringe Realtek patents because Realtek isn't in the US
Land of the (get off scot) free, when it's a foreign owner
prev story

Whitepapers

Reducing security risks from open source software
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.