Summarized by Kent Larsen
Caldera Expands By Acquiring SCO Division
OREM, UTAH -- Caldera Systems, Inc., the firm run by LDS CEO Ransom
Love, has signed an agreement to acquire two divisions of the Unix
pioneer Santa Cruz Operation, significantly expanding the size and
product line of Caldera. Under the agreement, SCO's server software
division and professional services division will become part of a new
holding company, Caldera, Inc.
SCO will have a 28 percent stake in Caldera Inc., the rest of which
will be owned by Caldera Systems, A major Caldera stockholder, The
Canopy Group, Inc., will loan SCO $18 million as part of the deal.
The agreement gives Caldera the ability to offer what it calls an
"Open Internet Platform," combining both Linux and Unix software and
services. "Caldera will further broaden and validate both the Linux
and Unix industries and communities by providing open access to its
unified Linux and Unix technologies, and by offering support,
training and professional services to customers worldwide," said
Caldera Systems CEO Ransom Love.
Following the acquisition, Love will be named CEO of Caldera, Inc.
and David McCrabb, currently president of SCO's Server Software
Division, will become the unit's president and COO. SCO CEO Doug
Michels will be on the board of directors of the new venture and SCO
will be able to appoint a second board member.
It's official: Caldera and SCO seal deal
Inter@ctive Week 2Aug00 B4
By Margaret Kane: Inter@ctive Week