Micro Focus to Round out Application Management Portfolio with Serena Purchase

Micro Focus, an enterprise infrastructure solutions provider, plans to acquire Serena Software, Inc., a provider of application lifecycle management software, in a transaction valued at $540 million. The acquisition is expected to close in early May 2016, subject to receipt of competition clearances in the U.S. and Germany.

The deal brings together "two highly complementary solution sets that enable customers to build better applications, adapt to changing business conditions more rapidly and maximize the value of existing investments to drive further innovation within their business," said Stephen Murdoch, CEO of Micro Focus. "With Serena, we are further positioned to deliver richer solutions for the complex business demands customers are solving today – with greater reliability, predictability and less risk of failure."

The combination of Micro Focus and Serena is intended to help companies to better design and build business applications and services with greater accuracy, reliability and predictability, while continuously deploying existing core business applications on a wider variety of platforms to meet changing business needs.

Serena has expertise in software application development; software configuration and change management; and business process management. Additionally, Serena is a pioneer in processes and solutions that bridge application development and operations to create DevOps, an increasingly critical area of focus for enterprise customers looking to develop applications and services faster, with greater accuracy and agility to meet business demands.

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