Feeds

Micro Focus buys NetManage

Berkshire goes to Cupertino

Build a business case: developing custom apps

UK enterprise application company Micro Focus is buying a Silicon Valley rival for $73.3m.

Micro Focus, based in Newbury, Berkshire, extends the life of legacy applications still in use at large corporations. NetManage is in a similar business - getting old applications to work as web-delivered software.

Micro Focus is offering $7.20 for each NetManage share - a 73 per cent premium on the firm's price of $4.15 at the close of trade on 30 April. The transaction depends on NetManage having a cash balance of at least $25m prior to the deal closing.

NetManage's board of directors has unanimously approved the takeover. It now needs approval from NetManage shareholders - it is hoped the deal will close in June 2008.

Micro Focus expects the deal to add to profits in the year ending 30 April 2009, excluding one-off integration costs.

Micro Focus said it will increase margins for NetManage's business to bring them into line with the rest of its business - it expects this process to cost $10m. ®

Bridging the IT gap between rising business demands and ageing tools

More from The Register

next story
NO MORE ALL CAPS and other pleasures of Visual Studio 14
Unpicking a packed preview that breaks down ASP.NET
Cheer up, Nokia fans. It can start making mobes again in 18 months
The real winner of the Nokia sale is *drumroll* ... Nokia
DARPA-derived secure microkernel goes open source tomorrow
Hacker-repelling, drone-protecting code will soon be yours to tweak as you see fit
Put down that Oracle database patch: It could cost $23,000 per CPU
On-by-default INMEMORY tech a boon for developers ... as long as they can afford it
Google shows off new Chrome OS look
Athena springs full-grown from Chromium project's head
Apple: We'll unleash OS X Yosemite beta on the MASSES on 24 July
Starting today, regular fanbois will be guinea pigs, it tells Reg
HIDDEN packet sniffer spy tech in MILLIONS of iPhones, iPads – expert
Don't panic though – Apple's backdoor is not wide open to all, guru tells us
prev story

Whitepapers

Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Seven Steps to Software Security
Seven practical steps you can begin to take today to secure your applications and prevent the damages a successful cyber-attack can cause.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.