Micro Focus International
 | |
| Type | Public |
|---|---|
| Traded as | 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 | $434.8 million (2012)[2] |
| Operating income | $153.3 million (2012)[2] |
| Profit | $120.6 million (2012)[2] |
| Employees | 1,434 (2011)[3] |
| Website | www.microfocus.com |
Micro Focus International plc 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.
History
The Company was founded in 1976[4] and became Micro Focus Group in 1983.[4] In its early years it concentrated on COBOL products. In 1998 the Company acquired Intersolv Inc, an applications enablement business, for $534 million[5] and the combined business was renamed Merant.[4] In 2001 the business was demerged from Merant with help from Golden Gate Capital Partners and once again became Micro Focus.[6] It was listed on the London Stock Exchange in 2005.[7]
On June 2008 the company acquired the Israeli NASDAQ listed software company NetManage for US$73.3 million.[8]
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.[9]
In December 2013 the Company acquired the Orbix, Orbacus and Artix software product lines from Progress Software. These market-leading implementations of the CORBA standard were originally developed by IONA Technologies.[10]
Illegal Distribution Incident
In August 2010 the company discovered that the New South Wales Police Force had illegally distributed 16,000 copies of the ViewNow platform, 9,500 more than the licence allowed. Micro Focus alleged in 2011 that the NSW Police Force, Ombudsman, Police Integrity Commission, Corrective Services and other government agencies illegally used its ViewNow software, which is used to access the intelligence database known as COPS.
The company alleged police and other agencies were using 16,500 copies of its software on various computers when police were only ever entitled to 6500 licences. The group initially alleged $10 million in damages but later increased this to $12 million after reviewing the results of a court-ordered, $120,000 KPMG audit of the NSW Police Force's computer systems.
The police force maintained during the court proceedings that it had paid for a site licence that entitled it to unlimited installations of the software for all of its officers. Despite this, it settled the matter out of court in 2012 for an undisclosed sum. The other agencies previously settled the matter out of court, also for undisclosed sums.[11]
Operations
The products are organised into 3 main areas:[12]
- Visual COBOL
- Mainframe solution
- Borland
Financial information
The Company's financial results are summarised below:
| Year to April | Revenue (US $ million) | EBIT (US $m) | Net profit (US $m) | Earnings per share (¢) |
|---|---|---|---|---|
| 2012 | 434.8 | 179.8 | 120.6 | 65.8 |
| 2011 | 436.1 | 135.1 | 96.4 | 47.0 |
| 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.
Shareholder structure
The principal shareholders of Micro Focus at 31 July 2009 were: Standard Life 10.92%, Majedie Asset Management 8.17% and BlackRock 6.36%.[13]
References
- ↑ "Press Release 15 Apr 2011". Micro Focus. Retrieved 19 April 2011.
- ↑ 2.0 2.1 2.2 2.3 "Preliminary Results 2012". Micro Focus. Retrieved 29 March 2013.
- ↑ "Annual Report 2011". Micro Focus. Retrieved 2012-04-12.
- ↑ 4.0 4.1 4.2 Micro Focus: History
- ↑ Micro Focus buys Intersolv for $534 million
- ↑ Financial Dynamics wins Micro Focus equity listing
- ↑ Micro Focus scrapes home after price cut
- ↑ Micro Focus completes acquisition of NetManage, Inc, Reuters, 18 June 2008, retrieved 2009-10-11
- ↑ Micro Focus buys Borland Software for $75 million Infoworld, 6 May 2009
- ↑ Micro Focus International plc - Acquisition of Orbix, Artix and Orbacus software product lines for $15m Micro Focus International plc, 24 December 2012
- ↑ SMH accessed April 27, 2013.
- ↑ Micro Focus International: Products
- ↑ "Annual Report 2009". Micro Focus. Retrieved 2010-03-21.
