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Mandrakesoft and Conectiva Announce Definitive Merger Agreement |
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Thursday, February 24 2005 @ 09:04 AM CST Contributed by: Linegod
Paris, France; Curitiba, Brazil; February 24th , 2005 - Mandrakesoft,the number one European Linux company, today announced a definitiveagreement to acquire Conectiva, the number one Linux company in Braziland Latin America. This acquisition is expected to increasesignificantly Mandrakesoft's size and R&D capabilities.
Conectiva, founded in 1995, employs 60 people and has offices inCuritiba, São Paulo and Manaus, Brazil. The company had 1.7 millionEUR (2.2 million USD) of revenues in their latest audited fiscal year, andreached break-even during the latest fiscal half-year. Conectiva hasgained significant recognition for its adaptive approach to technologydevelopment for corporations, communities and large partners in thecommunication and technology sector in Latin America.
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