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The board of Micro Focus believes that combining the businesses of Micro Focus and Relativity will further strengthen Micro Focus's position as a better player in application modernization market. In addition, Relativity's business operations will further expand Micro Focus's geographic reach, partner relationships and international customer base.
Stephen Kelly, CEO of Micro Focus International, said: "We are well placed to capture significant value from this acquisition. It is intended that the Relativity business will be fully integrated into the Micro Focus group following completion of the transaction. The acquisition of Relativity is consistent with Micro Focus's strategy of acquiring companies that complement our core areas of expertise and where significant synergies can be derived."
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