European Linux company Mandrakesoft is to buy Latin American open source player Conectiva for $2.3m in stock.
Mandrakesoft said that the deal will "significantly" increase its size and research and development capabilities.
The combined company will benefit from shared development resources, commercial prospects and larger economies of scale, according to the pair, resulting in improved development potential for both companies.
"Combining the two businesses enables us to extend the scope of our offering and address more businesses by compounding development and commercial assets," said Mandrakesoft chief executive François Bancilhon.
Mandrakesoft claims a user base of more than four million users, with customers including Carrefour, France Telecom and Verizon.
Conectiva employs 60 people and has offices in Curitiba, São Paulo and Manaus, Brazil.
Linux is becoming the operating system of choice for an increasing number of corporates, and even the mighty Microsoft is acknowledging the threat ... 12 May 2004
Shinfield Park, Reading, United Kingdom | Foster Wheeler
Server Support Analyst (Citrix skills required) - Reading Foster Wheeler is a leading international project management, engineering and construction organisation with global construction capabilities working on major projects within upstream oil & gas, midstream & ... more >
Berkshire, Reading, United Kingdom | Foster Wheeler
Microsoft Application Support Specialist - Reading Foster Wheeler is a leading international project management, engineering and construction organisation with global construction capabilities working on major projects within upstream oil & gas, midstream & LNG, refining, ... more >
Business Analyst - £30,000 - £35000 - Solihull We are in need of a Business Analyst with strong analytical skills and a penchant for learning the domain knowledge of the Utilities sector (Gas industry in ... more >
WEB DEVELOPER £22,332 to £27,466 per annum (Grade 6), with agreed progression to £28,290 to £33,780 (Grade 7). Pay award pending from October 2008. We are looking for an experienced Web Developer to join a ... more >More job opportunities
Print
Discuss
Send to friend
RSS feeds
Daily news podcast
Mandrakesoft beefs up support for mobile devices 29 Oct 2004
Linux is becoming the operating system of choice for an increasing number of corporates, and even the mighty Microsoft is acknowledging the threat ... 12 May 2004
del.icio.us
Digg this
reddit!
