Novell Inc., a seller of computer software and consulting services, announced Wednesday that it bought E-Security Inc. for $72 million to offer a real-time security and compliance system.
The purchase will add $20 million to revenue over the next 12 months, Novell said in a statement. The company plans to start offering E-Security's Sentinel product, which is able to monitor events and respond to them immediately, as soon as May.
Novell, which has significant operations in Utah, wants to combine its identity-management software with E-Security's compliance and security software that can provide live reporting and respond to compliance issues, including government regulations and corporate goals.
The next version of its Novell and E-Security software will be available in the next few months, the company said.
Shares of Novell, based in Waltham, Mass., fell 6 cents to close at $7.69 Wednesday in Nasdaq Stock Market composite trading. The stock has risen 29 percent in the past year.