Feeds

Brit software group swallows Borland for $67m

Micro Focus mops up names from history

Top 5 reasons to deploy VMware with Tegile

Micro Focus has bought Borland for $67m and is also buying the application testing business of Compuware.

Compuware described the sale as an $80m transaction.

Micro Focus will pay $1 for each Borland share valuing the firm at $75m including cash reserves, a premium of 25 per cent on Borland's closing price yesterday.

The deal is part of strategic move into application testing and quality management and will cost Micro Focus $40m in restructuring costs.

Micro Focus said both deals would be funded by existing cash and a three year revolving overdraft of $175m from Barclays, HSBC, Lloyds and RBS. In UK legal terms the deal is defined as a reverse takeover.

Borland got rid of its application development tools business last year to concentrate on application testing and management.

The company was one of the trail blazers of the PC revolution in the 80s and into the 90s. However, a series of mis-steps - including a tie-up with wannabe suite vendor WordPerfect and an ill-advised, subsequently reversed, name change - hobbled its progress.

According to today's release, Borland lost $204m in 2008, including impairment of goodwill of $185m.

The deals have both been approved by the relevant boards, but still need shareholder and regulator approval.

Releases here and here. ®

Beginner's guide to SSL certificates

More from The Register

next story
Be real, Apple: In-app goodie grab games AREN'T FREE – EU
Cupertino stands down after Euro legal threats
Download alert: Nearly ALL top 100 Android, iOS paid apps hacked
Attack of the Clones? Yeah, but much, much scarier – report
Microsoft: Your Linux Docker containers are now OURS to command
New tool lets admins wrangle Linux apps from Windows
Bada-Bing! Mozilla flips Firefox to YAHOO! for search
Microsoft system will be the default for browser in US until 2020
Facebook, working on Facebook at Work, works on Facebook. At Work
You don't want your cat or drunk pics at the office
Soz, web devs: Google snatches its Wallet off the table
Killing off web service in 3 months... but app-happy bonkers are fine
prev story

Whitepapers

Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
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.
5 critical considerations for enterprise cloud backup
Key considerations when evaluating cloud backup solutions to ensure adequate protection security and availability of enterprise data.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Managing SSL certificates with ease
The lack of operational efficiencies and compliance pitfalls associated with poor SSL certificate management, and how the right SSL certificate management tool can help.