The interest of
Stephen Norris Capital Partners in the SCO Group started in February 2008, when it put forward a $100 million reorganization and debt financing plan for the company, which it would then take private.
Stephen L. Norris had been a co-founder of the large and well-known private equity firm
The Carlyle Group. There was also an unnamed Middle East partner in the proposed deal; the
Associated Press reported that Prince
Al-Waleed bin Talal of Saudi Arabia was involved. But after a couple of months of
due diligence investigation of SCO's operations, finances, and legal situation, Stephen Norris Capital Partners considered a different course of action, instead proposing to purchase SCO assets outright. Norris appeared on stage at the
SCO Tec Forum 2008 company developer and partner conference in Las Vegas in October 2008, where possible acquisition and investments plans were shown to attendees. Neither of those plans went forward, That plan, too, did not move forward. In April 2010, SCO's mobility software assets were sold to its former CEO,
Darl McBride, for $100,000. In September 2010 the SCO Group put up the remainder of its non-lawsuit assets for public auction. Thus in February 2011, another proposal was made, this time for $600,000, with this iteration of UnXis being backed by Norris, MerchantBridge, and
Gerson Global Advisors. Some industry analysts were unsure of why Norris and his partners wished to acquire the SCO Unix software assets in the first place. In 2008 Ryan Paul of
Ars Technica noted that "UnixWare, SCO's flagship product, hasn't seen a new release in four years." in 2011 called UnXis an "odd venture" which had "been offering to buy SCO since mid-2009 for reasons that aren't patently obvious to anybody." But in any case, the bankruptcy court approved this proposal, as the only other bid submitted was for $18. ==UnXis==