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Micro Focus (LSE: MCRO, NYSE: MFGP) announced the launch of Digital Safe Foundations, a cloud-native archiving and supervision solution tailored for mid-market organizations in regulated sectors. This innovative product enhances compliance management, reduces IT overhead, and mitigates risks associated with social collaboration tools. The solution enables comprehensive archiving of communications and offers integrated features like managed services, advanced AI analytics, and precise search capabilities. Digital Safe Foundations aims to meet the increasing compliance challenges faced by industries such as financial services and government.
CyberRes, a Micro Focus line, released its 2021 State of Security Operations report on Aug 24, 2021, highlighting significant trends in enterprise security amidst COVID-19. Key findings reveal that 85% of companies boosted their security operations budgets and 79% adopted advanced technologies due to increased threats. The report emphasizes the necessity for security operations centers (SOCs) to innovate in combating modern adversaries, with 95% now utilizing hybrid-cloud environments. Over 500 security leaders participated in the survey, providing valuable insights for enhancing security resilience.
Micro Focus (LSE: MCRO; NYSE: MFGP) has announced support for U.S. Representative Matt Cartwright's Grace Hopper Code for Us Act, aimed at enhancing education in critical legacy programming languages like COBOL. The bill proposes $5 million grants to five U.S. universities to develop courses and scholarships. This initiative addresses skill mismatches in the workforce, particularly highlighted during the pandemic. Micro Focus emphasizes that effective modernization of applications, including COBOL, is essential for IT success, showcasing their commitment to future talent development through their COBOL Academic Program.
Micro Focus and Microsoft have expanded their strategic collaboration aimed at reducing infrastructure costs for government clients by modernizing mainframe applications on Microsoft Azure. With 92% of IT leaders viewing their COBOL applications as critical, this partnership enables agencies to avoid costly replacements and instead optimize existing systems. One government client achieved nearly 90% cost savings and completed modernization 10 months early. This collaboration underscores the importance of technology in enhancing service delivery for state and local governments.
Micro Focus (NYSE: MFGP) has partnered with Citadel to enhance its Content Management product line by introducing Content Manager Select Software as a Service. This innovative managed service solution provides a cloud-based approach for content management, combining Citadel's SaaS expertise with Micro Focus' technical prowess. The offering aims to lower costs and improve flexibility for users, facilitating digital transformation while addressing data sovereignty concerns. Available in three service levels—Gold, Platinum, and Titanium—it meets varying customer needs for content management.
Micro Focus (NYSE: MFGP) launched the OPTIC platform, aimed at enhancing IT operations by utilizing built-in intelligence to streamline cloud management. This tool addresses the challenges of digital transformation for organizations with hybrid environments, promoting productivity and reducing costs. Key features include unified process automation, discovery mapping, a user-friendly interface, and flexible deployment options. The platform integrates with existing Micro Focus ITOM products, helping customers maximize operational efficiency and customer experience while adapting to current digital demands.
Micro Focus (LSE: MCRO, NYSE: MFGP) has partnered with Snowflake to enhance data security for organizations. Their integration allows customers to securely transition workloads to Snowflake's platform while maintaining data privacy through Voltage SecureData. This solution uses NIST-standard encryption, ensuring compliance with regulations without hindering analytics investments. The integration aims to bolster cyber resilience and facilitate secure cloud analytics, making it available to customers globally in the first half of 2021.
Micro Focus (LSE: MCRO; NYSE: MFGP) announced its annual event, Micro Focus Universe 2021, set to enhance customer engagement in the digital economy. Keynote speaker James Barclay of Jaguar Racing will discuss their partnership aimed at improving digital transformation and resilience. The event will showcase over 1,000 product releases in 24 months as part of their High Tech, Low Drama initiative, emphasizing the company's commitment to customer-centric innovation. Attendance is free, with registration available online.
