Novell announced Thursday that it is acquiring the stake held by its partner in its Mumbai-based sales and distribution joint
venture, Onward Novell Software (India).
By increasing its investment in India, Novell is well positioned to help drive Linux and open-source adoption not just in
India, but in other emerging Asian markets as well, according to a statement Thursday from the Waltham, Massachusetts-based
Linux and middleware software vendor.
Novell has operated in India since 1992 as Onward Novell Software, a 50/50 joint venture with a local Indian partner, Onward
Network Technologies. However, Novell set up its software development center in Bangalore as a wholly owned subsidiary.
Like Novell, a number of other multinational technology companies including IBM set up joint ventures in India in the late
1980s and early 1990s, both to meet Indian government regulations, and because the Indian partner offered better access and
knowledge of the local market. In most cases, the multinational company eventually acquired the entire operation.
Novell expects to close the transaction by the end of its fiscal year, the company said in a statement Thursday. Novell will
integrate the Onward Novell organization with the company's existing India operations.
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