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Posted 24 Feb 2001   For week ended August 06, 2000
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Sent on Mormon-News: 04Aug00

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


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