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September 12, 2016

Micro Focus Merges with HP’s Software Business

Micro Focus, a U.K.-based enterprise software company with U.S. headquarters in Rockville, recently announced its intent to merge with HP Enterprises’ Software Business Segment in a transaction valued at approximately $8.8 billion. The combination will create one of the world’s largest pure-play infrastructure software companies, with combined revenue of approximately $4.5 billion. “The proposed merger with HPE Software is consistent with our recent acquisitions of Serena Software and the Attachmate Group,” said Kevin Loosemore, the executive chairman of Micro Focus. Loosemore said the combination will give customers “more choice as they seek to maximize the value of existing IT assets.” The deal is expected to close after midyear. Meg Whitman, the president and CEO of HPE, said the assets included in the deal “will bring better value to both our customers and shareholders as part of a more focused software company committed to growing these businesses on a stand-alone basis.”

Click here for the full press release.

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