Borland to be acquired by Micro Focus International plc
18 May 2009
Borland Software Corporation has announced that Micro Focus International plc have entered into a definitive agreement under which Micro Focus will acquire all the outstanding shares of Borland in a cash merger transaction.
The transaction value is approximately $75 million.
The boards of directors of both companies have unanimously approved the transaction.
The acquisition is expected to be completed in late Q2/early Q3 2009, subject to approval by both Micro Focus and Borland shareholders, US antitrust approvals and other customary closing conditions.
Borland (http://www.borland.com) was founded in 1983 and is a leading vendor of Open Application Lifecycle Management (ALM) solutions.
Micro Focus (http://www.microfocus.com) provides software that allows companies to improve the business value of their enterprise applications.
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