– With over 15,000 customers and one million licensed users, Micro Focus International plc (LSE: MCRO) (“Micro Focus”), a UK-based company, provides innovative software that helps companies to improve the business value of their enterprise applications

– Micro Focus’s Application Modernisation solutions are employed by more than 70 of the Fortune Global 100 companies

– Micro Focus employs 550 staff

– NetManage will enhance Micro Focus’s product portfolio and increase its footprint in the highly fragmented application modernisation market by providing additional scale for its development tools business

– The transaction will add incremental geographical presence in the important US market while also providing a platform to drive further European adoption of NetManage’s solution offering

– The acquisition is also earnings enhancing due to synergies from cost rationalisation, listing and compliance costs and back office overheads

– Arma Partners has a long-standing relationship with Micro Focus and was retained on this buy-side engagement after consistent positive contributions during strategic target search activities

– Arma Partners’ careful and balanced negotiation, bidding and timely responses were critical to secure the NetManage transaction at an attractive price on the back of a failed bid by Rocket Software

– The transaction has been widely applauded by industry observers as Micro Focus’s management has demonstrated its ability to pursue accretive acquisitions and deliver strong growth and profitability in a difficult market environment – the stock price has increased by c. 50% over six months since this acquisition