News
News
2/24/2005
05:24 PM
Connect Directly
RSS
E-Mail
50%
50%

Linux Distributor Mandrakesoft Acquires Conectiva

Mandrakesoft has agreed to acquire Conectiva in an all-stock deal valued at $2.3 million.

Europe-based Linux distributor Mandrakesoft S.A. on Thursday said it has agreed to acquire Brazilian company Conectiva S.A. in an all-stock deal valued at $2.3 million.

The acquisition would bring together two second-tier Linux companies, forming a combined business with $8.9 million in revenues.

The deal would extend Mandrakesoft's reach into Brazil and Latin America, and strengthen its research and development capabilities, company officials said. Both companies distribute desktop and server versions of Linux, and sell support services.

"Combining the two businesses enables us to extend the scope of our offering and address more businesses by compounding development and commercial assets, resulting in strong synergies," Francois Bancilhon, chief executive of Paris-based Mandrakesoft, said in a statement.

Under the deal, Mandrakesoft is acquiring all shares of Conectiva for $2.3 million in stock.

Connectiva, founded in 1995, employs 60 people in offices in Curitiba, Sao Paolo and Manaus, Brazil. The company reached break-even during the first half of its current fiscal year, officials said.

Both companies are founding members of the Linux Core Consortium, an organization formed to develop technology that would potentially make it easier for software makers to build products for multiple distributions of the open-source operating system.

The LCC is developing a runtime environment and software development kit that would standardize programming of software to the interfaces of the Linux kernel.

The combined company of Mandrakesoft and Conectiva plans to build its next corporate releases on top of the LCC implementation.

Comment  | 
Print  | 
More Insights
IT's Reputation: What the Data Says
IT's Reputation: What the Data Says
InformationWeek's IT Perception Survey seeks to quantify how IT thinks it's doing versus how the business really views IT's performance in delivering services - and, more important, powering innovation. Our results suggest IT leaders should worry less about whether they're getting enough resources and more about the relationships they have with business unit peers.
Register for InformationWeek Newsletters
White Papers
Current Issue
InformationWeek Must Reads Oct. 21, 2014
InformationWeek's new Must Reads is a compendium of our best recent coverage of digital strategy. Learn why you should learn to embrace DevOps, how to avoid roadblocks for digital projects, what the five steps to API management are, and more.
Video
Slideshows
Twitter Feed
InformationWeek Radio
Archived InformationWeek Radio
A roundup of the top stories and trends on InformationWeek.com
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.