Comment 2SGV El Reg

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Attachmate and MicroFocus to merge, SUSE Linux unaffected

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El Reg (Score: 1)

by zafiro17@pipedot.org on 2014-09-17 13:48 (#2SGV)

Here it is courtesy of the Register.co.uk, too: good article.
http://www.theregister.co.uk/2014/09/16/attachmate_micro_focus_merger/
Attachmate, the software shop that headhunted Novell and SUSE Linux, is itself being bought out by Micro Focus International.

The mainframe and COBOL specialist is acquiring Attachmate Group from its parent company Wizard in a deal calculated at $2.3bn before costs.

Micro Focus is taking Attachmate Group in exchange for 86.60 million shares, in a deal described as a merger. The combined companies will create a "leading global infrastructure software company" with revenue of $1.4bn, Micro Focus said. The deal is expected to close in November.

It also represents a "significant increase in the scale and breadth of Micro Focus."

The deal will allow the new company to offer products and services spanning Linux and host connectivity in addition to mainframe modernization and COBOL.

Attachmate gives MicroFocus access to SUSE and Novell, business units bought by the company in 2010 for $2.2bn. Novell owned SUSE Linux, which it had bought in 2003 for $210m. Under Attachmate, the two were broken apart.
$2.3B is one helluvalotta cash.

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