Feeds

Mystery rival forces Borland bidding war

Thrice the offer

Providing a secure and efficient Helpdesk

A bidding war over tools pioneer Borland Software has broken out between MicroFocus and a mystery rival.

MicroFocus has been forced to bump up its proposed purchase price for Borland for the second time, going 50 per cent over its initial offer of $1.00 per share, or $75m. MicroFocus will now offer $1.50 a share, or $113m.

Application-lifecycle-management specialist MicroFocus upped its offer following an "indication of interest from another party." It's not clear whether it's the same party that also made an offer in June - an move that saw MicroFocus increase its bid to $1.15, or $88m.

MicroFocus has pinned its future on Borland's ALM in a deal it called the "next logical stage" in its growth. The company wants to dive deeper into application testing and software quality. MicroFocus currently serves this with its Data Express product and has announced its plan to buy Compuware's application-testing business for $80m.

Borland will provide MicroFocus with tools and consoles for visual modeling and design, requirements definition and management, and change management.

According to MicroFocus, its offer for Borland is "based on strong strategic rationale and is therefore in the best interests of both companies, their employees, customers and shareholders."

The offer has been unanimously recommended by the board of Borland to its shareholders, who are schedule to meet on July 17 to vote on the proposed deal.

The tools part of the Borland, where the company made its name in Rapid Application Development in the 1980s and early 1990s with the ground-breaking TurboPascal and Turbo C that challenged Microsoft, have already been sold to Embarcadero Technologies in a deal priced $23m. The ALM suite MicroFocus is chasing was an early 2000s strategy that failed to gel for Borland. ®

Providing a secure and efficient Helpdesk

More from The Register

next story
New 'Cosmos' browser surfs the net by TXT alone
No data plan? No WiFi? No worries ... except sluggish download speed
iOS 8 release: WebGL now runs everywhere. Hurrah for 3D graphics!
HTML 5's pretty neat ... when your browser supports it
Mathematica hits the Web
Wolfram embraces the cloud, promies private cloud cut of its number-cruncher
Mozilla shutters Labs, tells nobody it's been dead for five months
Staffer's blog reveals all as projects languish on GitHub
'People have forgotten just how late the first iPhone arrived ...'
Plus: 'Google's IDEALISM is an injudicious justification for inappropriate biz practices'
SUSE Linux owner Attachmate gobbled by Micro Focus for $2.3bn
Merger will lead to mainframe and COBOL powerhouse
iOS 8 Healthkit gets a bug SO Apple KILLS it. That's real healthcare!
Not fit for purpose on day of launch, says Cupertino
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
The next step in data security
With recent increased privacy concerns and computers becoming more powerful, the chance of hackers being able to crack smaller-sized RSA keys increases.