DEALS: Seagate buys Maxtor for $1.9B

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DEALS

WHO

WITH

WHAT

SCOOP

Progress Software

Neon Systems

Progress buys Neon for $68M

Progress will give Neon's mainframe SOA tools to the DataDirect subsidiary.

IBM

Red Hat, Novell

IBM creating dedicated Linux sales groups

IBM will sell bundled application servers; Red Hat and Novell will each endorse Eclipse.

General Dynamics

Anteon

General Dynamics buys Anteon for $2.1B

A merger of two giant worldwide IT service contractors.

IBM

Bowstreet

IBM buys Bowstreet for undisclosed amount

IBM gets content management and web portal software.

Seagate

Maxtor

Seagate buys Maxtor for $1.9B

Seagate is the top disk drive maker and Maxtor's third, so this is pure consolidation.

IBM

Micromuse

IBM buys Micromuse for $865M

IBM's Tivoli division can use Micromuse's management tools for voice/video over IP.