Welcome to our dedicated page for MFGP news (Ticker: MFGP), a resource for investors and traders seeking the latest updates and insights on MFGP stock.
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OpenText has announced an agreement to acquire Micro Focus for $6.0 billion in an all-cash offer, priced at 532 pence per share. This acquisition is expected to create one of the largest software and cloud businesses, enhancing OpenText’s market presence with a combined total addressable market of $170 billion. Micro Focus, boasting $2.7 billion in pro forma revenue, will bring significant operating scale and anticipated synergies of $400 million. The deal is set to close in Q1 2023, enhancing OpenText's financial outlook and operational capabilities.
CyberRes, a Micro Focus line of business, announced its partnership with Google Cloud to enhance data privacy for BigQuery customers. This collaboration integrates Voltage SecureData with BigQuery, aiming to support organizations in adhering to privacy regulations. The integration allows for persistent data protection and enables the use of voltage’s encryption, hashing, and tokenization services within BigQuery. The move is designed to accelerate data science initiatives while ensuring compliance with stringent data privacy controls.
Micro Focus (LSE: MCRO, NYSE: MFGP) has been recognized as the 'strongest performer' in the market for testing tools, particularly for its LoadRunner SaaS solutions. The GigaOm Radar for Cloud Performance Testing Tools report praised LoadRunner for its unique capabilities, such as simulated network behavior, enabling a comprehensive user experience testing. The report highlighted LoadRunner's extensive functionalities and its competitive pricing. Micro Focus asserts that LoadRunner leads in performance engineering solutions, emphasizing its role in optimizing application performance across the DevOps pipeline.
Micro Focus announced the general availability of Visual COBOL 8.0 and Enterprise Suite 8.0, enhancing application modernization solutions for core business systems. These releases provide tools for cloud deployment of COBOL applications, supporting modern development environments and databases. Key features include seamless integration with popular IDEs, modernization tools for relational databases, and cloud trials via major platforms like Azure, AWS, and Google Cloud. These innovations aim to support organizations in their digital transformation journey.
Micro Focus (LSE: MCRO; NYSE: MFGP) has been recognized as a Leader in the IDC MarketScape Worldwide Unified Endpoint Management Software for Small and Midsize Businesses 2022 report. This distinction highlights the company's strategy to cater to the small and medium business (SMB) market by offering comprehensive device management solutions. Micro Focus also received 'Major Player' recognition in three additional IDC reports. The report emphasizes Micro Focus's capabilities in managing devices efficiently for remote workers amidst increasing cybersecurity and compliance challenges.
Micro Focus is now a key partner in AWS's new Mainframe Modernization service, announced on June 8, 2022. This collaboration enhances Micro Focus's role in guiding clients through modernizing their on-premises mainframe workloads to AWS's managed environment. The service leverages Micro Focus's 40 years of experience in executing thousands of modernization projects, providing a flexible, adaptive strategy for digital transformation. This partnership highlights the importance of continuous application modernization in meeting today's business demands.
Micro Focus has launched Vertica 12, an advanced version of its analytical database, enhancing deployment flexibility and analytics capabilities. This version supports multi-cloud and hybrid deployments and enhances machine learning features, allowing users to adapt to rapidly changing technology needs. Key improvements include expanded support for on-premise object stores, Kubernetes integration, and enhanced data sharing. Vertica 12 aims to future-proof analytics strategies with capabilities like faster analysis of complex data types and improved automation for analytics processes.
