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“The combined company will be even better able to help customers address their business and IT challenges in light of increasing complexity, change and risk." "This merger between the Attachmate Group and Micro Focus will result in a greater breadth of solutions, extensive global presence and significant financial strength,” said Jeff Hawn, Chairman and Chief Executive Officer of the Attachmate Group.
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The resulting global entity will operate in all significant international markets, have $1.4B in annual revenue and deliver market-leading products in many technology segments and capabilities across the full end-to-end software stack of infrastructure software. The Attachmate Group and Micro Focus are two well-established enterprise software companies with distinguished track records in helping organizations maximize the value of their IT infrastructure software.
It is subject to customary closing conditions, including Micro Focus shareholder approvals and regulatory approvals under the Hart-Scott-Rodino Act. The transaction is expected to close on November 3, 2014.
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Plus funny videos from our readers and customers.The Attachmate Group a privately-held software holding company owned by an investment group led by Francisco Partners, Golden Gate Capital, Elliott Management and Thoma Bravo, today announced that it has entered into a definitive agreement to merge with Micro Focus. See the latest in Tech News, Views, Interviews, Reviews, Product Promos and Events. Your sales team can add your emails to sales collateral and to the footer of their sales and marketing emails.
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We also provide 3 videos in one recording/sitting if you require so that you have a series of videos to promote to your customers. This can be a significant Lead Generation opportunity for your business. In addition, your interview post message can be displayed in up to 7 different post displays on our the site to drive traffic and readers to your video content and downloads. Unlike other Tech YouTube channels, we create a story around your message and post that on the homepage of ITWire, linking to your message. We work with you to develop the message and conduct the interview or product review in a safe and collaborative way.
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ITWire TV offers a unique value to the Tech Sector by providing a range of video interviews, news, views and reviews, and also provides the opportunity for vendors to promote your company and your marketing messages. Last year, Micro Focus had annual revenue of $US434.8 million.
Last year Hawn told iTWire that Novell's decline had been arrested and that the same line would be held into 2014.Īttachmate has about $1.17 billion of debt according to Reuters, while Micro Focus's debt is $US233 million. In the years of Attachmate's ownership at least one unit, SUSE, has been able to thrive away from the nosy-parkers known as analysts. One of the problems that Novell faced in its pre-Attachmate days was the degree of scrutiny as it was a public company.
will result in a greater breadth of solutions, extensive global presence and significant financial strength. It is uncertain whether anything will change as far as SUSE goes in an email to customers, company president Nils Brauckmann sought to reassure them that it would be business as usual.Īnnouncing the merger, the Attachmate chairman and chief executive Jeff Hawn was quoted as saying: "This merger. Since then, SUSE's fortunes have been on the rise, with profit margins of around 20 per cent on turnover of around $US250 million.Īccording to Reuters, Micro Focus shareholders will own about 60 per cent of the equity in the new group which will be listed in London. SUSE, which at the time was just about breaking even, was moved back to Nuremberg as an independent business unit. Attachmate's main assets are Novell, NetIQ and SUSE Linux.Īttachmate bought Novell and took the business private in November 2010. The British company will pay around $US2.3 billion to seal the deal.
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