Micro Focus to acquire Relativity Technologies
Micro Focus, a UK-based global provider of enterprise application modernization solutions, is acquiring Relativity Technologies, a company in the same domain. The Board of Micro Focus believes that combining the businesses of Micro Focus and Relativity will further strengthen Micro Focus's position as a leading player in the fast growing but highly fragmented Application Modernization market. In addition, Relativity's business operations will further expand Micro Focus's geographic reach, partner relationships and international customer base.
Announcement Date: December 8, 2008
Deal Value: $9.7 Million (Cash)