Micro Focus International plc Acquires NetManage, Inc.
June 18, 2008
Micro Focus International plc agreed to acquire NetManage, Inc. in a merger announced May 1, 2008, and the transaction closed in June 2008. Micro Focus paid $7.20 per share (approximately $73.3 million aggregate) to buy the Cupertino-based software firm to broaden its enterprise application modernization and integration product offering.
- Buyers
- Micro Focus International plc
- Targets
- NetManage, Inc.
- Sellers
- NetManage shareholders
- Industry
- Software
- Location
- California, United States
- Transaction Type
- Buyout
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