Novell agrees to buy PlateSpin for $205 million
February 25, 2008 12:14 PM
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Business software developer Novell Inc. said today that it will pay $205 million for Toronto-based PlateSpin Ltd., which makes software for operating corporate data centers.
Waltham-based Novell expects to close the deal in the second quarter.
It will provide an update on the financial implications of the acquisition during its fiscal first-quarter earnings call, scheduled for Thursday.
Novell said it would integrate PlateSpin into its systems and resource management unit.
Novell products include network management and directory services.
Its shares rose 8 cents to $6.66 in morning trading on the Nasdaq Stock Market. (AP)
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