Showing posts with label Attachmate. Show all posts
Showing posts with label Attachmate. Show all posts

Monday, November 22

Novell to Be Bought by Attachmate for $2.2 Billion

Nov. 22 (Profile facts) -- Novell Inc., the maker of Linux operating-system software, agreed to be bought by Attachmate Corp. for $2.2 billion, ending an 8-month strategic review aimed at reviving a company that had struggled to sustain growth.

Novell investors will get $6.10 a share, Attachmate, a software company owned by private-equity firms including Golden Gate Capital Corp., said today in a statement. That’s 9.1 percent more than Novell’s closing price on Nov. 19. Novell will also sell some intellectual-property assets to a group of technology companies led by Microsoft Corp. for $450 million.

The company, which has reported sales declines for three of the past four years, had trouble competing against larger rivals such as Microsoft, said Rich Williams, an analyst at Cross Research. Novell started looking at strategic alternatives including a sale after rejecting a $2 billion takeover offer in March from shareholder Elliott Associates LP as inadequate.

“Management had struggled over the last few years to grow the new businesses and that created an opportunity given all of the cash from the balance sheet for financial bidders,” said Livingston, New Jersey-based Williams, who rates Novell “hold” and doesn’t own the stock. “The financially oriented buyers are going to hold the company, reshape it to a degree and then in a few years, in a more attractive environment, bring the company public.”

Novell’s new products were too “underdeveloped” to attract other technology companies as bidders, making it a suitable target for financial buyers, Williams said. Attachmate, whose owners also include Francisco Partners and Thoma Bravo LLC, said Novell products will complement a portfolio that includes other technology assets.

Average Premium

Novell, based in Waltham, Massachusetts, rose 37 cents, or 6.6 percent, to $5.96 on the Nasdaq Stock Market at 12:04 p.m. New York time. It had gained 35 percent this year before today.

The company, which also competes against Oracle Corp. and BMC Software Inc., has said last year’s recession hurt customer orders. The company had $1.04 billion in cash and short-term investments at the end of the third quarter.

Besides Linux, Novell’s business units include identity and security management, systems and resource management, workload management and its GroupWise e-mail system. Microsoft declined to comment on the assets it bought from Novell, said Tricia Payer, a spokeswoman for the company.

As part of the deal, fund manager Elliott will become a shareholder in Attachmate. New York-based Elliott was one of several parties in a 2006 buyout of Metrologic Instruments Inc., a maker of bar-code scanners. Elliott helped fund the 2009 acquisition of MSC.Software Corp. by private-equity firm Symphony Technology Group LLC.

Average Premium

The purchase price for Novell is 28 percent higher than the company’s stock price before Elliott’s March bid. The average premium acquirers offered for software companies in the past 12 months was 21 percent, with businesses that make software for enterprises the most popular targets, according to a Bloomberg analysis of more than 1,000 deals.

Attachmate and Novell said they expect to complete the deal in the first quarter. Credit Suisse and RBC Capital Markets are acting as the financial advisers for Attachmate, and Jones Day is the legal adviser. JPMorgan Chase & Co. and Skadden, Arps, Slate, Meagher & Flom LLP advised Novell.

Private-Equity Deals

Private-equity firms pool money from investors to take over companies, financing the purchases mostly with debt, with the intention of selling them later for a profit.

Francisco Partners was part of a group of investors that sold chipmaker Numonyx Holdings BV to Micron Technology Inc., the biggest U.S. producer of computer memory, for $1.34 billion this year. Francisco Partners invests in technology companies and manages about $5 billion, according to its website.

San Francisco-based Golden Gate Capital manages $9 billion, according to its website. The firm’s deals include the acquisition of Geac Computer Corp. for $794.2 million in 2006.

Thoma Bravo, which has offices in San Francisco and Chicago, bought United Parcel Service Inc.’s UPS Logistics Technologies unit for an undisclosed amount last week. It acquired SonicWall Inc., an Internet-security firm, for $484.9 million in July.


(source:wikipedia)

Terminal emulator

A terminal emulator, terminal application, term, or tty for short, is a program that emulates a video terminal within some other display architecture. Though typically synonymous with a command line shell or text terminal, the term terminal covers all remote terminals, including graphical interfaces. A terminal emulator inside a graphical user interface is often called a terminal window.
A terminal window allows the user access to a text terminal and all its applications such as command line interfaces (CLI) and text user interface applications. These may be running either on the same machine or on a different one via telnet, ssh, or dial-up. On Unix-like operating systems it is common to have one or more terminal windows connected to the local machine.
Terminals usually support a set of escape sequences for controlling color, cursor position, etc. Examples include the family of terminal control sequence standards known as ECMA-48, ANSI X3.64 or ISO/IEC 6429.
Early adopters of computer technology, such as banks, insurance companies, and governments, still make frequent use of terminal emulators. They typically have decades old applications running on mainframe computers. The old “dumb” video terminals used to access the mainframe are long since obsolete; however, applications on the mainframe are still in use. Quite often, terminal emulators are the only way a user can access applications running on these older machines.

Raw and cooked input/output

On Unix-like systems, for an individual keypress received by the terminal or terminal emulator, it sends an individual code from the character set in use. Also, carriage return and line feed are distinct operations. In raw mode, text passes directly from the terminal or PTY (a device node that a program wishing to emulate a terminal is bound to) to the TTY device. In cooked mode a number of changes are made as the data pass between the terminal or PTY and the TTY: The application gets complete lines of input at once neatly terminated with a line feed and can send just a linefeed when it wants a new line. Also, text typed is echoed back to the user. When a program is started, the terminal is generally in cooked mode which allows easy input and output of text, but applications that want more control will often put the terminal into raw mode, or a slightly more processed rare mode. The characteristics of cooked mode can be turned on and off individually which may be needed for certain applications.

Synchronous terminals

In asychronous terminals data can flow in any direction at any time. In synchronous terminals a protocol controls who may send data when. The IBM 3270-based terminals used with IBM mainframe computers are an example of synchronous terminals. They operate in an essentially "screen-at-a-time" mode (also known as block mode). Users can make numerous changes to a page, before submitting the updated screen to the remote machine as a single action. This paradigm can be surprising to those used to the more common asynchronous terminal behaviour, though in fact it is conceptually quite similar to the submission of HTTP forms on the Web.
Terminal emulators that simulate the original 3270 hardware terminal are available for most operating systems, for use both by those administering systems such as the z9, as well as those using the corresponding applications such as CICS.
Other examples of synchronous terminals include the IBM 5250, and the ICL 7561. The Honeywell Bull VIP7800 and Hewlett-Packard 700/92 terminals also had a block mode.

Examples of terminal emulators

Many terminal emulators have been developed, for terminals such as VT100, VT220, VT320, IBM 3270/8/9/E, IBM 5250, IBM 3179G, Data General D211, Hewlett Packard HP700/92, Sperry/Unisys 2000-series UTS60, Burroughs/Unisys A-series T27/TD830/ET1100, ADDS ViewPoint, Sun console, QNX, AT386, SCO-ANSI, SNI 97801, Televideo, and Wyse 50/60. Additionally, programs have been developed to emulate terminals which are themselves programs, such as xterm and assorted console terminals (e.g., for Linux). Finally, some emulations simply refer to a standard, such as ANSI. These programs are available on many platforms ranging from DOS and Unix to GUI operating systems such as Windows and Macs, to embedded operating systems found in cellphones and industrial hardware.


(source:wikipedia)

Attachmate

Attachmate is a software company owned by an investment group led by Francisco Partners, Golden Gate Capital, and Thoma Cressey Bravo. Attachmate focuses on terminal emulation, legacy modernization, managed file transfer, and enterprise fraud management software. It is the largest privately owned software company in Washington, USA.

Type Private
Industry Computer software
technology services
Founded Bellevue, Washington, 1981
Headquarters Seattle, Washington
Key people Jeff Hawn, President and CEO;
Bob Flynn, SVP Global Sales and GM 
Host Connectivity Solutions;
Charles Sansbury, CFO;
Logan Wray, SVP Acquisitions, GM NetIQ BU
Products Terminal Emulator Software,
Interoperability Software,
Security Software
Website http://www.attachmate.com

Products

The Attachmate logo on older software products.
As a result of the mergers and acquisitions detailed below, Attachmate has broadened its solution set to include several brands:

Terminal Emulation
Attachmate develops a variety of Terminal emulators:
Reflection (IBM, HP, UNIX, OpenVMS, X)
EXTRA! (IBM, UNIX, OpenVMS)
INFOConnect (Unisys)

Systems and Security Management
The NetIQ business unit delivers systems and security management software.
Among the NetIQ product offerings is AppManager, a suite that provides network, applications and systems monitoring. The product includes monitoring support Microsoft operating systems, Microsoft SQL Server databases, a variety of messaging environments, UNIX and Linux operating systems, Oracle systems, and Voice-over-IP for Cisco, Nortel, and Avaya.

Secure Communications
Reflection for Secure IT, formerly F-Secure SSH, is an SSH (secure shell) client and server for Windows and UNIX.

Application Integration
Attachmate Verastream provides application integration tools that quickly and noninvasively service-enable mainframe and enterprise host data and logic.
Attachmate DATABridge is an extract, transform, load (ETL) solution for securely integrating Unisys DMSII and non-DMSII data to a secondary database such as Oracle or Microsoft SQL Server.

PC X Server
Reflection X allows Windows users to use graphical and command-line based applications on remote UNIX, Linux, and OpenVMS hosts.

History

 Attachmate Corporation
Attachmate, founded in 1982 by Frank W. Pritt and Tom Borkowski, focused initially on the IBM terminal emulation market, and became a major technology employer in the Seattle area. Based in Bellevue, Washington, the company became one of the largest PC software companies in the world, with offices in more than 50 cities in North America and in 30 countries. The company made several acquisitions, through mergers and purchases, to expand its range of host access hardware and software solutions. Its products and the company itself won numerous awards, including being named one of the “Best Companies to Work For” by Washington CEO magazine.
Attachmate served 80% of Fortune 500 and Global 2000 companies, with over 13 million users worldwide. Attachmate's major development locations included their headquarters in Bellevue, an office in Bellingham, Washington, and a facility in Cincinnati, Ohio. In the early days, Attachmate focused on 3270 emulation for PCs with some hardware 3270 boards as well. Attachmate invested heavily in its sales and marketing organization worldwide in the early 90s and quickly grew its market share from 3rd in the host-connectivity market to 1st with its EXTRA! Personal Client product. The company continued to grow organically as well as through acquisition of KEA Systems (makers of KEAterm VT340 and VT420 terminal emulators, and KEA X x terminal software), and DCA (makers of IRMA line of emulators, INFOconnect, Crosstalk communications software, and OpenMind collaborative software). Later, the company also acquired The Wollongong Group (makers of Pathway TCP and Emissary).
After the acquisition of DCA, the company quickly dominated the 3270, 5250 and VT marketplace, and built its revenues in excess of $400 million in 1995 - as compared to roughly $40M just five years earlier. A Senior Management transition led by incoming CEO Jim Lindner made an attempt to create a unified product strategy and take the company public. The strategy received positive reviews from customers and the press initially but eventually stalled as a clash between Pre and Post DCA-merger management destabilized product development and Frank Pritt took back the helm in July 1996.
Bill Boisvert, formerly of Paccar, was the next president from January 1998 until his resignation in October 2000 after a year of layoffs and flat revenue growth.
The next stage of its history was marked by tight fiscal management and managing to the bottom line. As revenues were impacted through the bursting tech bubble after 2001, Attachmate was hit with successive rounds of layoffs. In 2001, the Burnaby development center was closed; in June 2002 the Cincinnati development center was closed and the company's VP of Development was fired.
On April 18, 2005, it was announced that three investment companies, Golden Gate Capital, Francisco Partners, and Thoma Cressey Equity Partners, would buy Attachmate. Attachmate would be merged with long-time competitor WRQ, whom the investors had bought previously.
Attachmate no longer sells or supports 3270 IRMA, SDLC, or ISCA SDLC hardware adapters, or provides driver downloads. In February of 2007, they sold their remaining hardware inventory to Alpine Computer Systems, a legacy equipment reseller, and refers customers to them for sales and service on hardware adapters and drivers.

WRQ, Inc.
In 1981, Doug Walker, Mike Richer and Marty Quinn founded Walker, Richer & Quinn (WRQ) to integrate microcomputers with existing IT environments. The company set its sights on the Hewlett-Packard market, launching the first commercially viable terminal emulator for the HP 3000. Based in Seattle, Washington, WRQ was one of the 20 largest software companies, and consistently ranked in Fortune magazine’s “100 Best companies to Work for in America,” and Washington CEO magazine’s “Best Companies to Work For.”[when?]
On December 6, 2004, it was announced that WRQ had been purchased by an investment group.

Attachmate and WRQ merger
After buying both WRQ, Inc. and Attachmate Corporation, who had been long-time competitors in the host emulation business, it was announced that the companies would be merged. On June 1, 2005, the deal closed, and the new company was named AttachmateWRQ.
In June 2005, shortly after the merger was made official, AttachmateWRQ announced that its corporate headquarters would be located in WRQ's Seattle, Washington location. The vacated headquarters of Attachmate in the Factoria neighborhood of Bellevue, Washington were quickly filled by T-Mobile, who already occupied part of the building.
The company continued to support both Attachmate and WRQ product sets (which overlap in many cases) until products could be merged or replaced.

NetIQ Acquisition
NetIQ, founded in 1995 by Ching-Fa Hwang, Her-daw Che, Hon Wong, Ken Prayoon Cheng and Thomas R. Kemp, was a company that provided systems management and security management software. It provided businesses worldwide with solutions to monitor, analyze, and optimize the performance, availability, and security of IT infrastructure. Its flagship products included AppManager and Security Manager. The company headquarters were in San Jose, California, with about 900 employees worldwide. Their Nasdaq ticker symbol was NTIQ.
NetIQ's toolset included systems, security, VoIP and Administration software.
On April 27, 2006, AttachmateWRQ announced an agreement to acquire NetIQ for about 495 million USD, and that the deal would close in 90 days. NetIQ would be merged into AttachmateWRQ, creating a single company with $400 million annual revenue and over 40,000 customers in 60 countries. On June 20, they announced that NetIQ shareholders had approved this purchase, and the acquisition would be complete by the end of that month. 
On July 5, 2006, both companies released a press release announcing the closing of the deal. The new company would do business under the name Attachmate Corporation.
 OnDemand Acquisition and Sale
On March 7, 2006, AttachmateWRQ announced that they had acquired OnDemand Software. OnDemand Software develops an award-winning product called WinINSTALL, which is for desktop management in IT environments. This product is similar to AttachmateWRQ's existing NetWizard product. The high-quality WinINSTALL product combined with AttachmateWRQ's global sales presence provides significant opportunities for the company.
However, on June 30, 2008, Scalable Software announced in a press release that they had acquired the WinINSTALL business unit (substantially all assets of the former OnDemand) from Attachmate. WinINSTALL was the desktop management suite previously acquired by Attachmate from OnDemand Software.

CEO Controversy
Jeff Hawn—the president and CEO of Seattle-based Attachmate who lives in Austin, Texas—has been sentenced to 10 days in jail for authorizing the slaughter of 32 of his neighbor's bison that wandered onto his Colorado ranch. Hawn pleaded guilty in November to criminal mischief and animal cruelty. Hawn and hired hands shot and killed 32 bison, which had wandered onto and near his property from a neighboring ranch in Park County, Colorado — including cows carrying calfs. In Colorado, bison are allowed to wander under open-range laws.
The arrest warrant said most were left to rot.
Hawn, plead guilty to criminal mischief and cruelty to animals and was released free on a $15,000 bail. The Denver Post reports that the judge sentenced Hawn to 10 days in jail.
 Novell Acquisition
Novell announced in November 2010 that it had agreed to be aquired by Attachmate for $2.2 billion. Attachmate plans to operate Novell as two units, one being SUSE. Certain intellectual property assets are planned to be sold to a consortium of companies led by Microsoft.


(source:wikipedia)