Feeds

Micro Focus buys NetManage

Berkshire goes to Cupertino

Intelligent flash storage arrays

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. ®

Remote control for virtualized desktops

Whitepapers

Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Getting started with customer-focused identity management
Learn why identity is a fundamental requirement to digital growth, and how without it there is no way to identify and engage customers in a meaningful way.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Simplify SSL certificate management across the enterprise
Simple steps to take control of SSL across the enterprise, and recommendations for a management platform for full visibility and single-point of control for these Certificates.
Top 5 reasons to deploy VMware with Tegile
Data demand and the rise of virtualization is challenging IT teams to deliver storage performance, scalability and capacity that can keep up, while maximizing efficiency.