Mandrakesoft, a Linux company, has agreed to acquire its counterpart Conectiva, a move to combine their weight to stay competitive in the Linux market.

Mandrakesoft, based in Paris, will pay $2.3 million (1.79 million euros) in stock for Brazil-based Conectiva, the companies said Thursday. The consolidation will help give the combined company more heft, though Mandrakesoft co-founder Gael Duval has tempered his initial expectations.

"This won't elevate us to the status of Red Hat or Novell/SuSE yet, of course, but this is a significant growth for us," Duval said in an e-mail. Further growth plans include an expansion to woo small and medium-size businesses in the United States, he said.

Mandrakesoft and Conectiva are profitable, the companies said. More acquisitions are possible. "We need still more organic growth and external growth--more acquisitions," Duval said.

By: DocMemory
Copyright © 2023 CST, Inc. All Rights Reserved