| Type | Public (LSE: MCRO) |
|---|---|
| Industry | Information technology |
| Founded | 1976 |
| Headquarters | Newbury, United Kingdom |
| Key people | Kevin Loosemore (Executive Chairman)[1] |
| Products | Enterprise application integration and management software |
| Services | IT consulting |
| Revenue | $432.6 million (2010)[2] |
| Operating income | $150.5 million (2010)[2] |
| Profit | $76.4 million (2010)[2] |
| Employees | 1,431 (2010)[2] |
| Website | www.microfocus.com |
Micro Focus International plc (LSE: MCRO) is a multinational software and information technology business based in Newbury, Berkshire, United Kingdom. The firm provides software and consultancy services for clients updating legacy systems to more modern platforms. The Company is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
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The Company was founded in 1976[3] and became Micro Focus Group in 1983.[3] In its early years it concentrated on COBOL products. In 1998 the Company acquired Intersolv Inc, an applications enablement business, for $534 million[4] and the combined business was renamed Merant.[3] In 2001 the business was demerged from Merant with help from Golden Gate Capital Partners and once again became Micro Focus.[5] It was listed on the London Stock Exchange in 2005.[6]
On June 2008 the company acquired the Israeli NASDAQ listed software company NetManage for US$73.3 million. NetManage provides solutions to transform legacy applications into new Web-based business solutions.[7]
In July 2009 the Company acquired Borland, a developer of application lifecycle management tools, as well as the Quality Solutions (including automation tool Test Partner) part of Compuware.[8]
The Company is organised as follows:[9]
The Company's financial results are summarised below:
| Year to April | Revenue (US $ million) | EBIT (US $m) | Net profit (US $m) | Earnings per share (¢) |
|---|---|---|---|---|
| 2010 | 432.6 | 150.5 | 76.4 | 37.5 |
| 2009 | 274.7 | 91.2 | 66.0 | 32.9 |
| 2008 | 228.2 | 88.5 | 55.4 | 27.7 |
| 2007 | 171.6 | 63.0 | 43.9 | 22.0 |
| 2006 | 143.7 | 36.9 | 16.2 | 8.3 |
| 2005 | 150.6 | 47.9 | 17.5 | 14.3 |
| 2004 | 126.3 | 31.0 | 14.2 | 12.4 |
| 2003 | 114.9 | 27.8 | 10.5 | 9.8 |
Note: Accounts to 2004 prepared according to United Kingdom Generally Accepted Accounting Principles. Accounts from 2005 onwards prepared according to International Financial Reporting Standards.
The principal shareholders of Micro Focus at 31 July 2009 were: Standard Life 10.92%, Majedie Asset Management 8.17% and BlackRock 6.36%.[10]