Micro Focus
 | |
| Public | |
| Traded as | LSE: MCRO |
| Industry | Information technology |
| Founded | 1976 |
| Headquarters | Newbury, England, UK |
| Products | Enterprise application integration and management software |
| Services | IT consulting |
| Revenue |
 US$1.245 billion (2016)[1] |
| Subsidiaries |
Serena Software Borland Novell |
| Website |
www |
Micro Focus International plc is a multinational software and information technology business based in Newbury, Berkshire, England. 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 100 Index.
On September 7, 2016, a merger was announced between Micro Focus and Hewlett Packard Enterprise, where Micro Focus would acquire software assets of HPE, and HPE shareholders would own 50.1 percent of the merged company. The resultant company would retain its current name and listing on the London Stock Exchange.[2]
History
The company was founded in 1976,[3] and in its early years, concentrated on COBOL products. In 1981, it became the first company to win the Queen's Award for Industry purely for developing a software product. The product was CIS COBOL, a standard-compliant COBOL implementation for microcomputers.[4]
In 1998, the company acquired Intersolv Inc, an applications enablement business, for US$534 million[5] 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.[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 2011, the company alleged that the New South Wales Police Force and other agencies were using 16,500 copies of its ViewNow software on various computers when police and other agencies were only ever entitled to 6,500 licences. The group initially alleged A$10 million in damages but later increased this to A$12 million after reviewing the results of a court-ordered audit of the 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.[10]
In December 2013, Micro Focus 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.[11]
On 15 September 2014, Micro Focus announced that it would acquire The Attachmate Group for US$1.2 billion in shares, which will give it ownership of the Attachmate, NetIQ, Novell, and SUSE product lines. Attachmate's parent company Wizard Parent LLC—consisting of the investment groups Elliott Management Corporation, Francisco Partners, Golden Gate Capital, and Thoma Bravo, will hold a 40% stake in Micro Focus post-acquisition.[12][13]
On 2015, Micro Focus acquired Authasas, which produces authentication middleware.[14]
On 22 March 2016, Micro Focus announced its intent to acquire Serena Software, then valued at $540 million.[15] The acquisition was completed on 2 May, 2016.[16]
On 7 September 2016, Micro Focus announced its intent to merge with Hewlett Packard Enterprise’s software business segment.[17][18]
Operations
The product areas consist of Visual COBOL, mainframe products and services, and Borland.[19]
References
- ↑ "Audited preliminary results for the full year ended 30 April 2016" (PDF). Micro Focus. 14 July 2016. Retrieved 15 September 2016.
- ↑ Christine Wang (2016-09-07). "Hewlett Packard Enterprise earnings: 49 cents per share vs 44 cents EPS est.". CNBC. Retrieved 2016-09-07.
- 1 2 Micro Focus: History Archived 12 September 2008 at the Wayback Machine.
- ↑ "Software industry receives royal treatment". New Scientist. 90 (1251): 289. 30 April 1981. ISSN 0262-4079.
- ↑ "FindArticles.com - CBSi".
- ↑ "City & Corporate: FD wins Micro Focus equity listing bid - PR Week". brandrepublic.com. Retrieved 31 March 2015.
- ↑ Dominic Elliott. "Micro Focus IPO scrapes home after price cut". efinancialnews.com. Retrieved 31 March 2015.
- ↑ "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
- ↑ NSW hit with $1.8m legal bill after piracy case SMH accessed 27 April 2013.
- ↑ Micro Focus International plc - Acquisition of Orbix, Artix and Orbacus software product lines for $15m Archived 4 November 2013 at the Wayback Machine. Micro Focus International plc, 24 December 2012
- ↑ "Micro Focus to Buy Attachmate in $1.2 Billion Share Deal". Bloomberg. 15 September 2014. Retrieved 15 September 2014.
- ↑ "Micro Focus to Buy Attachmate in $1.2 Billion Deal". The Wall Street Journal. 15 September 2014. Retrieved 15 September 2014.
- ↑ "International acquisition of Authasas strengthens security cluster in West Holland". Innovation quarter. Retrieved 9 April 2017.
- ↑ Micro Focus International plc - Micro Focus Announces Intent to Acquire Serena Software, Inc. Micro Focus International plc, 22 March 2016
- ↑ Micro Focus Completes Acquisition of Serena Software, Inc. Micro Focus International plc, 2 May 2016
- ↑ "Micro Focus shares lifted by surprise first-half revenue rise". 14 December 2016 – via Reuters.
- ↑ Micro Focus Announces Intent to Merge with Hewlett Packard Enterprise’s Software Business Segment Micro Focus International plc, 7 September 2016
- ↑ "Products - Micro Focus".
