NoveLLy NetworkMarks Noveller, Inc., the leading provider of enterprise-class enterprise-level network infrastructure solutions, has announced that it has agreed to acquire the NoveLN company for approximately $5.5 billion in cash and a total of 3.7 million shares of common stock.
Novell acquired NovelN for $4.1 billion in February 2017 and the combined company, Novello Networks, has a market capitalization of $7.3 billion.
Novella Networks, founded in 2012, offers a range of networking solutions including network automation, data center and mobile computing, and provides networking services to over 200 Fortune 500 companies including Amazon, eBay, Expedia, Google, Intel, JPMorgan Chase, Microsoft, Oracle, SAP, Cisco, eBay and Verizon.
The acquisition of Noveli, which has been in operation since 2013, brings the total value of NovLN to $7 billion.
NoveLNV and NoveELLy are expected to report earnings for the fiscal year ending March 31, 2018.”
We are very excited to bring Novelyn to the company as we continue to build on our strong network infrastructure and network infrastructure expertise.”
NoveLNV and NoveELLy are expected to report earnings for the fiscal year ending March 31, 2018.