Neoware Systems and privately-held Pericom Holdings PLC announced that Neoware has acquired the host access software product line and the business currently operated under the name Pericom Software for approximately $9.8 million in cash. Under the terms of the acquisition, Neoware has acquired all assets of the software business, including intellectual property and technology, customer lists, customer contracts and distribution channels, and a non-competition agreement. Neoware expects to retain the employees involved in the software business, which will be operated as Neoware’s Host Access business unit through a wholly-owned subsidiary of Neoware Systems, Inc. The new operation is expected to be profitable immediately following the transaction.