Micro Focus Acquires Relativity Technologies

Micro Focus International, a multinational software and information technology business, announced it has completed the acquisition of Relativity Technologies, a provider of software technologies to assess and manage core enterprise applications. 

 

Both companies agreed on the deal on December 8, 2008. Micro Focus offered approximately $9.7 million in cash for Relativity Technologies. The final decision came after Relativity Technologies held a special shareholders meeting on December 30^th.

 

The entire business of Relative Technologies will now be integrated into the Micro Focus Group, a statement from the company said. 

 

A member of the FTSE 250, Micro Focus provides Micro Focus Enterprise Application Modernization and Management software that enables customers’ business applications to respond rapidly to market changes and embrace modern architectures with reduced cost and risk.

 

“Due to the complementary nature of the two businesses from a product and financial perspective, we are well placed to deliver value from this acquisition and look forward to implementing the integration of the Relativity business,” said Stephen Kelly, CEO, Micro Focus International, in a statement.

 

According to the Micro Focus, merging their businesses with Relativity will strengthen the company’s leading position in the fast growing, highly fragmented application modernization market. The company hopes the partnership will also expand its geographic reach, partner relationships and international customer base.

 

Relativity Technologies provides Modernization Workbench, a solution for extracting business and technical intelligence from existing application portfolios. It creates a centralized, always-current warehouse of business and technical intelligence about the applications that run a business. These insights reportedly enable the team to identify and execute development activities that re-align applications with business priorities.

 

Micro Focus has adopted the strategy of acquiring companies that complement their core areas of expertise and where significant synergies can be derived. The company recently acquired Liant Software, a provider of software tools for developing business information systems and solutions. This acquisition has enabled Micro Focus to offer customers a broad range of choices as they modernize their core IT systems to meet their business objectives.