Novell to Acquire Tally Systems Corp.

Novell announced on Wednesday that it has signed a definitive agreement to acquire Tally Systems Corp. Tall Systems is an expert in IT asset management solutions, this acquisition will help Novell expand it's ZENworks management offering. Tally Systems offers a set of integrated tools with discovery and inventory, license management, and software usage and trend analysis capabilities.

Novell expects to close the transaction by the middle of April. Terms of the transaction were not disclosed.

Tally Systems President and CEO Ted Jastrzembski said, "Novell's acquisition of Tally Systems brings together industry-leading resource management and asset management technologies. We're delighted to join the Novell family and bring even more value to Novell's customers."

View: Novell Press Release