Micro focus4/27/2023 ![]() Do the potential financial gains make it worth the gamble? OpenText thinks so. The deal feels strange because it combines two companies for a lot of money that don’t have a ton of crossover. We are excited to provide expanded offerings to support our customer’s growing needs to digitize and work smarter. The most recent transaction was ATAR Labs, a security company acquired in 2020 for $15 million. ![]() Since 1998, it has made a total of 15 transactions, according to Crunchbase, many of the legacy variety. The company dates back to 1976, and over the years has changed its name, changed it back and acquired a slew of companies. Starting February 22, 2019, Software Passport accounts are no longer supported by Micro Focus. markets, leaving it vulnerable to a takeover. Notice: You need to migrate your account before you can continue You are currently using a Software Passport type account to access Marketplace. This morning, it traded at just $3.15 per share on U.S. Micro Focus International plc (Micro Focus LSE: MCRO.L) provides innovative software that allows companies to develop, test, deploy, assess and modernize. ![]() Further, its stock price has dropped over 44% this year and more than 89% for the prior five years. Micro Focus, which is neither micro nor focused, has run into hard times in recent years, with declining revenue every year since 2018. Accelerate application delivery, simplify IT transformation, strengthen cyber resilience, and analyze in time to act. The companies calculated that the per-share price offered, some 532 pence, represents a 98.3% premium to the closing price of Micro Focus before the deal was announced. “Like a shark that needs to keep swimming, OpenText needs to keep acquiring, since their legacy platforms are all in long, slow decline as licensees eventually exit for more modern platforms.” Tony Byrne, founder, Real Story GroupĪs for the terms of the acquisition, the total enterprise value of the deal is around $6 billion (£5.1 billion), with an equity value of around $2.1 billion (£1.8 billion).
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