Novell Completes Acquisition of Cambridge Technology Partners Jack Messman Becomes President and CEO
Novell, Inc. today announced it has completed the acquisition of Cambridge Technology Partners (Massachusetts), Inc., adding a powerful new services and consulting capability to complement Novell's industry leading Net services software.
Novell, Inc. today announced it has completed the acquisition of Cambridge Technology Partners (Massachusetts), Inc., adding a powerful new services and consulting capability to complement Novell's industry leading Net services software. Jack Messman, president and chief executive officer at Cambridge Technology Partners has been named president and CEO of Novell. Eric Schmidt, formerly CEO, will continue to offer strategic counsel as chairman of the Novell board of directors.
At a special meeting of Cambridge shareholders, held today in Cambridge, Massachusetts, approximately 60 percent of Cambridge's outstanding shares were voted in favor of the Novell merger.
"Cambridge quickly takes Novell to full support of e-business solutions," Messman said. "This is a central element in our strategy to provide a foundation for e-business with Novell Net services software and eDirectory. Achieving this goal carries the prospect of improved business performance, and the valued return that Novell stockholders expect and deserve.
"We've already taken important steps to integrate the two companies, both operationally and in our face to the market. My focus - and that of the management team - is very much on execution, effectively driving forward solutions that solve customer problems."
With completion of the acquisition, Ron Foster, vice president of finance and corporate controller at Novell, replaces Dennis Raney, to become senior vice president and Chief Financial Officer. After a brief transition period to ensure a smooth hand-off of duties, Raney will leave Novell.
In addition, as a condition of the merger agreement with Novell, Cambridge has designated two of its board members, James D. Robinson, III, and Dr. John W. Poduska, Sr., to take open seats on the Novell board. Robinson is founder and general partner at RRE Ventures, and was chairman and CEO of the American Express Company from 1977-1993. Poduska is chairman, Advanced Visual Systems, Inc., and was chairman and CEO and president of Apollo Computer, Inc.
Cambridge Technology Partners becomes a Novell subsidiary, retaining its name, market presence and independence to recommend best-of-breed solutions. Cambridge will focus on Novell major global and national accounts, and continue to serve its broad base of non-Novell global clients. It will continue to deliver strategic solutions around Digital Business Strategy, e-Commerce and Mobile Commerce, and help companies put their customer relationship, supply chain, and enterprise resource processes onto the Internet. Cambridge will also continue to offer systems integration and custom applications development to customers who need those services.
"Every customer we serve has a particular set of challenges they need help addressing, and we'll do whatever it takes to solve their problems," said Messman. "Novell has superior technology, and Cambridge has been a leader in helping companies understand how to use technology products to solve specific business challenges. To date, companies have only begun to leverage the full power of the Net to automate their business processes and drive new revenue opportunities. The new Novell is ideally positioned to help organizations make this transition."
The addition of Cambridge to Novell expands the range of choices that customers have to implement best-of-breed, Web-based, e-business solutions. Novell provides leading cross-platform Net services and integration technologies, such as NDS eDirectory and DirXML. Cambridge brings expertise in horizontal e-business solutions, such as customer relationship management, supply chain management, and enterprise resource planning. In addition, the Cambridge focus on specific industries, including telecommunications, financial services, energy, and manufacturing, will help generate new solutions to grow Novell's presence broadly in the market.
Worldwide, Novell intends to increase the scope of its channel partnerships around the delivery of e-business solutions. Novell is also building business relationships with leading IT services firms including Deloitte and Touche, CAP Gemini, and others, to deliver e-business solutions to diverse customers and varied market segments.
Novell, Inc. (NASDAQ:NOVL), is the leading provider of Net services software that delivers services to secure and power all types of networks-the Internet, intranets, and extranets; wired to wireless; corporate and public-across leading operating systems. Novell's Net services software provides the foundation for one Net-a single global network that supports new applications and forms of business. Worldwide channel, consulting, education, developer and technical support programs, along with strategic alliances, combine Novell Net services software with third-party products and services to form complete Net solutions.
For information on Novell's complete range of products and services, contact Novell's Customer Response Center at (888) 321-4CRC (4272), or visit Novell's Web site at http://www.novell.com. Press may access Novell announcements and company information on the World Wide Web at http://www.novell.com/pressroom. In addition, detailed comparisons between Novell products and competitive offerings from other vendors are available on the Web at http://www.novell.com/competitive.
Forward Looking Statements
This release contains forward-looking statements as defined in Section 21E of the Securities Exchange Act of 1934, including statements about future business operations, financial performance, changing markets, near and long-term objectives, strategies and future business performance and outlook. Such forward-looking statements involve risks and uncertainties inherent in business forecasts as further described in Novell filings under the Securities Exchange Act.
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