UnXis Completes Purchase of SCO Unix Assets
Poster: SySAdmin
Posted on April 11, 2011 at 12:07:02 PM
UnXis Completes Purchase of SCO Unix Assets
DUBAI, UAE, April 11, 2011/PRNewswire/ --
- New Vision and Leadership to Shape Future of SCO Unix Technology,
Supported by New Team to Drive Innovation and Talent Acquisition
UnXis, Inc. announced today that the purchase of The SCO Group, Inc.
operating assets and intellectual property rights has been successfully
completed with the transfer of the entire Unix operating systems and software
solutions and employees of The SCO Group. UnXis now owns all intellectual
property rights and assets related to SCO clearing the way for financial
growth and pioneering technical improvements, under its new leadership.
UnXis is committed to investing $25 million over the next 18 months into
product and technology developments, as well as building upon its world-class
management, sales and customer support team. UnXis has retained all customer
contracts, the UNIX and UNIXWARE trademarks and an installed base of 32,000
customer contracts maintained in 82 countries, including McDonald's, Siemens,
Sperbank, China Post, Thomson Reuters and the US Department of Defense.
UnXis, Inc is owned jointly by Stephen Norris, previous co-founder of the
Carlyle Group and MerchantBridge, a leading international private equity
group with diverse interests operating from offices in the United Kingdom,
Iraq, Saudi Arabia, Lebanon and the United Arab Emirates. MerchantBridge has
completed nine private equity transactions in the past five years, with an
enterprise value of $4.5 billion.
UnXis has appointed Richard A. Bolandz as CEO. Over the past twenty
years, Bolandz has lead competitive strategy, corporate development and
technology commercialization at organizations including Qwest Communications
MCI Communications and UNISYS Global Outsourcing & Infrastructure Services.
Richard A. Bolandz, CEO of unXis commented today: "Our first commitment
is to our customers, value added resellers and channel partners to support
their existing needs as well as a whole new generation of hardware, software
and trends of the cloud."
Eric le Blan, Vice Chairman of unXis and COO of MerchantBridge, continued
by saying: "The acquisition of this exciting business is opening up vast
opportunities within the IT sector and unXis is strategically positioned to
aggressively grow in the coming months. We are delighted to announce that the
entire staff of The SCO Group has accepted employment with unXis, Inc, and I
thank them for their enthusiastic backing as well as SCO customers for their
support. With the continuity provided by the team and the active role played
by key customers, together with the expertise of the partners that we are
bringing on board, we are strategically positioned to provide the most
reliable, secure and scalable operating systems in such diverse environments
as global cloud computing enterprises and small and medium-size businesses;
such is the flexibility of our software solutions. We foresee our software
becoming a critical component of the new Internet highways currently being
developed in the Middle and Far East, from Riyadh to Beijing."
Under the new vision, unXis will focus on 3 immediate priorities:
- Industry-Leading Technology
Harnessing the unmatched reliability, scalability and security of Unix,
the company has a dedicated vision to serve small and medium-size businesses,
enterprise and OEM customers through development of a new generation of
hardware, software and cloud computing.
- Collaborative Operating Model
The company is committed to collaborating with each customer across SCO's
vast footprint across 82 countries to provide the best, customizable
technology solution and support to drive their business forward.
- Best and Brightest Talent
The company is making an enormous investment in talent with some key
strategic hires as well as doubling resources in engineering, technical
support and customer relationship management.
"With today's completion of the acquisition, we have cleared the way for
the rebirth of the Unix operating system that for nearly 30 years has
reliably powered mission-critical information systems around the globe. With
the purchase of these valuable assets complete, we can now focus 100 percent
of our attention on bringing state-of-the-art technology capabilities to the
Unix platform, improving customer service and support, whilst capitalizing on
the robust and secure SCO Unix operating system for today's cloud-based
systems." concluded Bolandz.
About unXis Inc.:
UnXis was formed by Stephen Norris and MerchantBridge to acquire all the
operating assets and intellectual property rights of The SCO Group, Inc.
http://www.sco.com
For more information please visit http://www.unxisco.com
About MerchantBridge:
MerchantBridge is an international private equity group established over
a decade ago by a group of industry veterans. It is authorized and regulated
by the FSA in London and also has offices in Lebanon, Iraq, Saudi Arabia and
the United Arab Emirates. MerchantBridge specializes in identifying
opportunities across the MENA region and Europe and executing on complex,
cross-border opportunities, as well as offering corporate finance advisory
services in select situations to multinational corporations and governments.
Over the past five years MerchantBridge has completed nine private equity
transactions in Europe, Canada and the Middle East. These investments have an
enterprise value of $4.5 billion, generating an IRR in excess of 40 per cent
on realised and unrealized private equity and direct investment transactions.
Diversification, creative thinking and adherence to ethical principals are
the pillars of MerchantBridge's success. In Iraq, MerchantBridge is already
engaged in telecommunications ("Asiacell"), commercial banking ("Mansour
Bank") and oil and gas services. http://www.merchant-bridge.com
MerchantBridge media enquiries to M: Communications:
Samantha Bartel al Khalaf: bartel@mcomgroup.com Mob: +44(0)754-544-0861
Mary Khamasmieh khamasmieh@mcomgroup.com Mob: +971-50-2731-753
Source: UnXis, Inc. and MerchantBridge
MerchantBridge media enquiries to M: Communications: Samantha Bartel al Khalaf: bartel@mcomgroup.com Mob: +44(0)754-544-0861; Mary Khamasmieh khamasmieh@mcomgroup.com Mob: +971-50-2731-753
DUBAI, UAE, April 11, 2011/PRNewswire/ --
- New Vision and Leadership to Shape Future of SCO Unix Technology,
Supported by New Team to Drive Innovation and Talent Acquisition
UnXis, Inc. announced today that the purchase of The SCO Group, Inc.
operating assets and intellectual property rights has been successfully
completed with the transfer of the entire Unix operating systems and software
solutions and employees of The SCO Group. UnXis now owns all intellectual
property rights and assets related to SCO clearing the way for financial
growth and pioneering technical improvements, under its new leadership.
UnXis is committed to investing $25 million over the next 18 months into
product and technology developments, as well as building upon its world-class
management, sales and customer support team. UnXis has retained all customer
contracts, the UNIX and UNIXWARE trademarks and an installed base of 32,000
customer contracts maintained in 82 countries, including McDonald's, Siemens,
Sperbank, China Post, Thomson Reuters and the US Department of Defense.
UnXis, Inc is owned jointly by Stephen Norris, previous co-founder of the
Carlyle Group and MerchantBridge, a leading international private equity
group with diverse interests operating from offices in the United Kingdom,
Iraq, Saudi Arabia, Lebanon and the United Arab Emirates. MerchantBridge has
completed nine private equity transactions in the past five years, with an
enterprise value of $4.5 billion.
UnXis has appointed Richard A. Bolandz as CEO. Over the past twenty
years, Bolandz has lead competitive strategy, corporate development and
technology commercialization at organizations including Qwest Communications
MCI Communications and UNISYS Global Outsourcing & Infrastructure Services.
Richard A. Bolandz, CEO of unXis commented today: "Our first commitment
is to our customers, value added resellers and channel partners to support
their existing needs as well as a whole new generation of hardware, software
and trends of the cloud."
Eric le Blan, Vice Chairman of unXis and COO of MerchantBridge, continued
by saying: "The acquisition of this exciting business is opening up vast
opportunities within the IT sector and unXis is strategically positioned to
aggressively grow in the coming months. We are delighted to announce that the
entire staff of The SCO Group has accepted employment with unXis, Inc, and I
thank them for their enthusiastic backing as well as SCO customers for their
support. With the continuity provided by the team and the active role played
by key customers, together with the expertise of the partners that we are
bringing on board, we are strategically positioned to provide the most
reliable, secure and scalable operating systems in such diverse environments
as global cloud computing enterprises and small and medium-size businesses;
such is the flexibility of our software solutions. We foresee our software
becoming a critical component of the new Internet highways currently being
developed in the Middle and Far East, from Riyadh to Beijing."
Under the new vision, unXis will focus on 3 immediate priorities:
- Industry-Leading Technology
Harnessing the unmatched reliability, scalability and security of Unix,
the company has a dedicated vision to serve small and medium-size businesses,
enterprise and OEM customers through development of a new generation of
hardware, software and cloud computing.
- Collaborative Operating Model
The company is committed to collaborating with each customer across SCO's
vast footprint across 82 countries to provide the best, customizable
technology solution and support to drive their business forward.
- Best and Brightest Talent
The company is making an enormous investment in talent with some key
strategic hires as well as doubling resources in engineering, technical
support and customer relationship management.
"With today's completion of the acquisition, we have cleared the way for
the rebirth of the Unix operating system that for nearly 30 years has
reliably powered mission-critical information systems around the globe. With
the purchase of these valuable assets complete, we can now focus 100 percent
of our attention on bringing state-of-the-art technology capabilities to the
Unix platform, improving customer service and support, whilst capitalizing on
the robust and secure SCO Unix operating system for today's cloud-based
systems." concluded Bolandz.
About unXis Inc.:
UnXis was formed by Stephen Norris and MerchantBridge to acquire all the
operating assets and intellectual property rights of The SCO Group, Inc.
http://www.sco.com
For more information please visit http://www.unxisco.com
About MerchantBridge:
MerchantBridge is an international private equity group established over
a decade ago by a group of industry veterans. It is authorized and regulated
by the FSA in London and also has offices in Lebanon, Iraq, Saudi Arabia and
the United Arab Emirates. MerchantBridge specializes in identifying
opportunities across the MENA region and Europe and executing on complex,
cross-border opportunities, as well as offering corporate finance advisory
services in select situations to multinational corporations and governments.
Over the past five years MerchantBridge has completed nine private equity
transactions in Europe, Canada and the Middle East. These investments have an
enterprise value of $4.5 billion, generating an IRR in excess of 40 per cent
on realised and unrealized private equity and direct investment transactions.
Diversification, creative thinking and adherence to ethical principals are
the pillars of MerchantBridge's success. In Iraq, MerchantBridge is already
engaged in telecommunications ("Asiacell"), commercial banking ("Mansour
Bank") and oil and gas services. http://www.merchant-bridge.com
MerchantBridge media enquiries to M: Communications:
Samantha Bartel al Khalaf: bartel@mcomgroup.com Mob: +44(0)754-544-0861
Mary Khamasmieh khamasmieh@mcomgroup.com Mob: +971-50-2731-753
Source: UnXis, Inc. and MerchantBridge
MerchantBridge media enquiries to M: Communications: Samantha Bartel al Khalaf: bartel@mcomgroup.com Mob: +44(0)754-544-0861; Mary Khamasmieh khamasmieh@mcomgroup.com Mob: +971-50-2731-753