Micro Focus, a 38-year-old UK-based organization that also builds enterprise software for Fortune Global 100 customers, will pay about $1.2 billion to Attachmate Group parent company Wizard Parent LLC.
As Bloomberg notes, the Wizard LLC investors — Francisco Partners, Golden Gate Capital, Elliott Management and Thoma Bravo — will retain a 40 percent ownership stake in the new combined company. The merger will result in a new entity that will bring in $1.4 billion in revenue, according to Micro Focus’ press release.
Attatchmate is one of Seattle’s oldest software companies, with a history stretching back to the early 1980s. It merged with former rival WRQ back in 2005 and operates under the Attachmate Group, a Houston-based software-holding company that also has entities like NetIQ, Novell and SUSE. Attachmate helps customers with solutions for terminal emulation, managed file transfer, application integration, and more.
The transaction is expected to close on Nov. 3. We’ve reached out to Attachmate to find out what will happen with employees in the Seattle office. We’ll update this story when we hear back.
Update, 11:10 a.m.
Attachmate spokeswoman Tiffany Curci told us that “there are no planned changes for Attachmate,” and employees in Seattle will not be affected by the merger, nor will the office itself.