Sun is acquiring Tarantella, Inc. Tarantella was formerly known as the Santa Cruz Operation (SCO) before selling its operating system assets to Caldera Systems, Inc. in 2001. Sun will acquire Tarantella for a cash purchase price of $0.90 per share, or approximately $25 million in the aggregate, and assumption of employee stock options.

The Santa Cruz Operation was founded in 1979. In 1984, it introduced SCO XENIX, which ran on the Apple Lisa, PC XT and the DEC Pro 350. In 1995, SCO purchased UnixWare and all the AT&T source code for Unix System V from Novell. The UnixWare and OpenServer product lines were merged into a single SCO UnixWare 7 product in 1998.