Article

Micro Focus ups offer for Borland

SearchSOA.com Staff

In the wake of a reported competitive offer, Micro Focus increased its cash offer for Borland Software to about $88 million. In May, Micro Focus moved to buy Borland for about $75 million,

    Requires Free Membership to View

at the same time it bought Compuware's Quality line of testing software.

The terms of the revised offer were approved by the boards of directors of both Micro Focus and Borland. The deal still must be approved by shareholders.

According to Micro Focus, the unnamed competitive bidder has withdrawn from its pursuit of Borland. Borland's ALM business as seen as a significant addition to Micro Focus's basic Cobol and application modernization offerings.

In a statement, Stephen Kelly, Chief Executive Officer of Micro Focus, said: "Both companies are fully focused on completing the transaction which we believe is based on strong strategic rationale and is therefore in the best interests of both companies, their shareholders, employees and customers."


There are Comments. Add yours.

 
TIP: Want to include a code block in your comment? Use <pre> or <code> tags around the desired text. Ex: <code>insert code</code>

REGISTER or login:

Forgot Password?
By submitting you agree to receive email from TechTarget and its partners. If you reside outside of the United States, you consent to having your personal data transferred to and processed in the United States. Privacy
Sort by: OldestNewest

Forgot Password?

No problem! Submit your e-mail address below. We'll send you an email containing your password.

Your password has been sent to: