Micro Focus International
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Micro Focus International
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| Type | Public (LSE: MCRO) |
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| Industry | Information technology |
| Founded | 1976 |
| Headquarters | Newbury, United Kingdom |
| Key people | Kevin Loosemore (Executive Chairman)[1] |
| Products | Enterprise application integration and management software |
| Services | IT consulting |
| Revenue | $436.1 million (2011)[2] |
| Operating income | $135.1 million (2011)[2] |
| Profit | $96.4 million (2011)[2] |
| Employees | 1,434 (2011)[3] |
| Website | www.microfocus.com |
Micro Focus International plc (LSE: MCRO) is a multinational software and information technology business based in Newbury, Berkshire, United Kingdom. The firm provides software and consultancy services for clients updating legacy systems to more modern platforms. The Company is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
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Contents
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History
The Company was founded in 1976[4] and became Micro Focus Group in 1983.[4] In its early years it concentrated on COBOL products. In 1998 the Company acquired Intersolv Inc, an applications enablement business, for $534 million[5] and the combined business was renamed Merant.[4] In 2001 the business was demerged from Merant with help from Golden Gate Capital Partners and once again became Micro Focus.[6] It was listed on the London Stock Exchange in 2005.[7]
On June 2008 the company acquired the Israeli NASDAQ listed software company NetManage for US$73.3 million. NetManage provides solutions to transform legacy applications into new Web-based business solutions.[8]
In July 2009 the Company acquired Borland, a developer of application lifecycle management tools, as well as the Quality Solutions (including automation tool Test Partner) part of Compuware.[9]
In August 2010 the company discovered that the New South Wales Police Force had illegally distributed 16,000 copies of the ViewNow platform, 9,500 more than the licence allowed. The dispute is still ongoing as of April 2012.[10]
Operations
The Company is organised as follows:[11]
- Solutions
- Application Portfolio Management
- Application Modernisation
- Application Development
- Products e.g. Enterprise View, Studio, Server, Net Express, Server Express, Mainframe Express, RUMBA Terminal Emulator, Silk*, Caliber, StarTeam (IBM, HP, UNIX, OpenVMS, X).
- Services
Financial information
The Company's financial results are summarised below:
| Year to April | Revenue (US $ million) | EBIT (US $m) | Net profit (US $m) | Earnings per share (¢) |
|---|---|---|---|---|
| 2011 | 436.1 | 135.1 | 96.4 | 47.0 |
| 2010 | 432.6 | 150.5 | 76.4 | 37.5 |
| 2009 | 274.7 | 91.2 | 66.0 | 32.9 |
| 2008 | 228.2 | 88.5 | 55.4 | 27.7 |
| 2007 | 171.6 | 63.0 | 43.9 | 22.0 |
| 2006 | 143.7 | 36.9 | 16.2 | 8.3 |
| 2005 | 150.6 | 47.9 | 17.5 | 14.3 |
| 2004 | 126.3 | 31.0 | 14.2 | 12.4 |
| 2003 | 114.9 | 27.8 | 10.5 | 9.8 |
Note: Accounts to 2004 prepared according to United Kingdom Generally Accepted Accounting Principles. Accounts from 2005 onwards prepared according to International Financial Reporting Standards.
The principal shareholders of Micro Focus at 31 July 2009 were: Standard Life 10.92%, Majedie Asset Management 8.17% and BlackRock 6.36%.[12]
References
- ^ "Press Release 15 Apr 2011". Micro Focus. http://production.investis.com/micro_focus_tools/latest_rns/rnsitem?id=4177203&t=popup. Retrieved 19 April 2011.
- ^ a b c d "Preliminary Results 2011". Micro Focus. http://otp.investis.com/clients/uk/microfocus/rns/regulatory-story.aspx?cid=108&newsid=209225. Retrieved 2012-04-12.
- ^ "Annual Report 2011". Micro Focus. http://annualreport2011.microfocus.com/pdfs/Financial_statements.pdf. Retrieved 2012-04-12.
- ^ a b c Micro Focus: History
- ^ Micro Focus buys Intersolv for $534 million
- ^ Financial Dynamics wins Micro Focus equity listing
- ^ Micro Focus scrapes home after price cut
- ^ Micro Focus completes acquisition of NetManage, Inc, Reuters, 18 June 2008, http://www.reuters.com/article/pressRelease/idUS172535+18-Jun-2008+BW20080618, retrieved 2009-10-11
- ^ Micro Focus buys Borland Software for $75 million Infoworld, 6 May 2009
- ^ NSW Police in legal battle with software giant ABC News Online, accessed 25 April 2012.
- ^ Microfocus Company Background
- ^ "Annual Report 2009". Micro Focus. http://investors.microfocus.com/~/media/Files/M/Micro-Focus/key-financial-data/reports-accounts/2009/ar2009_v2.pdf. Retrieved 2010-03-21.
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