 "Micro Focus To Acquire Compuware Testing And ASQ Business")
Micro Focus International, an Enterprise Application Management and Modernisation software company, has reached an agreement to acquire the suite of Application Testing/ Automated Software Quality (ASQ) solutions and all related sales, support and development infrastructure (together being the ‘Compuware Testing and ASQ Business’), from Compuware for a total gross cash consideration of $80 million.
Compuware’s Testing and ASQ Business automates quality processes within the software development function to control, measure and manage the delivery of results and to ensure process consistency and continuous improvement through workflow capabilities. These products are complementary to Micro Focus’ core solutions as they address a logically adjacent portion of the software development and deployment value chain.
Stephen Kelly, chief executive officer of Micro Focus International, said, “Micro Focus sees significant value for customers and shareholders in this proposed transaction. Acquiring the Compuware Testing and ASQ business is a logical extension to our existing application management proposition, and we see strong growth potential in this market.”
Bob Paul, Compuware president and chief operating officer, said, “This agreement represents a key accomplishment in Compuware’s Business Service Delivery strategy for ensuring applications work well and deliver business value. By focussing Compuware’s human, technical and financial resources on core market categories, Compuware will deliver more differentiated value to our customers and better bottom-line results for our investors and employees.”