Feeds

Mystery rival forces Borland bidding war

Thrice the offer

Combat fraud and increase customer satisfaction

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. ®

High performance access to file storage

More from The Register

next story
Android engineer: We DIDN'T copy Apple OR follow Samsung's orders
Veep testifies for Samsung during Apple patent trial
This time it's 'Personal': new Office 365 sub covers just two devices
Redmond also brings Office into Google's back yard
Batten down the hatches, Ubuntu 14.04 LTS due in TWO DAYS
Admins dab straining server brows in advance of Trusty Tahr's long-term support landing
Microsoft lobs pre-release Windows Phone 8.1 at devs who dare
App makers can load it before anyone else, but if they do they're stuck with it
Half of Twitter's 'active users' are SILENT STALKERS
Nearly 50% have NEVER tweeted a word
Windows XP still has 27 per cent market share on its deathbed
Windows 7 making some gains on XP Death Day
Internet-of-stuff startup dumps NoSQL for ... SQL?
NoSQL taste great at first but lacks proper nutrients, says startup cloud whiz
Windows 8.1, which you probably haven't upgraded to yet, ALREADY OBSOLETE
Pre-Update versions of new Windows version will no longer support patches
Microsoft TIER SMEAR changes app prices whether devs ask or not
Some go up, some go down, Redmond goes silent
Red Hat to ship RHEL 7 release candidate with a taste of container tech
Grab 'near-final' version of next Enterprise Linux next week
prev story

Whitepapers

Designing a defence for mobile apps
In this whitepaper learn the various considerations for defending mobile applications; from the mobile application architecture itself to the myriad testing technologies needed to properly assess mobile applications risk.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.