Novell this week sold its stake in Celerant Consulting for US$77 million to Celerant managers and U.K.-based investments group Caledonia Investments. Novell acquired the consulting business through its 2001 purchase of Cambridge Technology Partners, when it also brought on Cambridge Technology President and Chief Executive Officer Jack Messman to head Novell. In November 2005, Novell said it was looking to shed the consulting business as part of a restructuring that involved cutting 10 percent of its workforce.The sell-off will help Novell focus on its core businesses of Linux and open source, where it is struggling to gain market share from rival Red Hat, as well as on its identity management and security tools, and workgroup computing offerings. Novell will outline the financial impact of the deal during its second quarter earnings call on May 31. Novell’s revenue last year was roughly flat from the year before, and the company’s first-quarter revenue of $274 million was down about 5 percent from the same quarter the previous year. Net income for the first quarter was $2 million, or $0.00 per share, down from $392 million, or $0.90 per share, for the previous year, which included a $448 million net gain related to a settlement with Microsoft. -Shelley Solheim, IDG News ServiceCheck out our CIO News Alerts and Tech Informer pages for more updated news coverage. Related content feature 13 essential skills for accelerating digital transformation IT leaders too often find themselves behind on business-critical transformation efforts due to gaps in the technical, leadership, and business skills necessary to execute and drive change. By Stephanie Overby Jun 05, 2023 12 mins Digital Transformation IT Skills tip 3 things CIOs must do now to accurately hit net-zero targets More than a third of the world’s largest companies are making their net-zero targets public, yet nearly all will fail to hit them if they don’t double the pace of emissions reduction by 2030. This puts leading executives, CIOs in particul By Diana Bersohn and Mauricio Bermudez-Neubauer Jun 05, 2023 5 mins CIO Accenture Emerging Technology case study Merck Life Sciences banks on RPA to streamline regulatory compliance Automated bots assisted in compliance, thereby enabling the company to increase revenue and save precious human hours, freeing up staff for higher-level tasks. By Yashvendra Singh Jun 05, 2023 5 mins Digital Transformation Robotic Process Automation feature Expedia poised to take flight with generative AI CTO Rathi Murthy sees the online travel service’s vast troves of data and AI expertise fueling a two-pronged transformation strategy aimed at growing the company by bringing more of the travel industry online. By Paula Rooney Jun 02, 2023 7 mins Travel and Hospitality Industry Digital Transformation Artificial Intelligence Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe