Neoware Expands Product Line With Acquisition - InformationWeek

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Neoware Expands Product Line With Acquisition

Purchase of Pericom Software will help vendor extend its terminal-emulation software to PCs and mobile devices.

Neoware Systems Inc. said Wednesday that it will spend nearly $10 million in cash to acquire privately held Pericom Holdings plc's host access software business.

As part of the deal, Neoware will obtain the host access product line, which is operated under the name Pericom Software, including customer contracts and associated intellectual property, the companies say.

Michael Kantrowitz, chairman and chief executive of Neoware, says the acquisition will significantly expand its software business. "Neoware now supplies the most popular terminal-emulation software in the thin-client business, and we can extend that leadership position into personal computers and mobile devices," he says.

Pericom Software markets a range of products that enable applications on mainframes, midrange, Unix, and Linux systems.

Neoware plans to retain employees of Pericom Software and operate the business as a wholly owned subsidiary.

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