Micro Focus International
Encyclopedia
Micro Focus International plc 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 system
s to more modern platforms. The Company is listed on the London Stock Exchange
and is a constituent of the FTSE 250 Index
.
products. In 1998 the Company acquired Intersolv Inc, an applications enablement business, for $534 million and the combined business was renamed Merant. In 2001 the business was demerged from Merant with help from Golden Gate Capital Partners
and once again became Micro Focus. It was listed on the London Stock Exchange
in 2005.
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.
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
.
Note: Accounts to 2004 prepared according to United Kingdom Generally Accepted Accounting Principles
. Accounts from 2005 onwards prepared according to International Financial Reporting Standards
.
s of Micro Focus at 31 July 2009 were: Standard Life
10.92%, Majedie Asset Management 8.17% and BlackRock
6.36%.
Multinational corporation
A multi national corporation or enterprise , is a corporation or an enterprise that manages production or delivers services in more than one country. It can also be referred to as an international corporation...
software
Computer software
Computer software, or just software, is a collection of computer programs and related data that provide the instructions for telling a computer what to do and how to do it....
and information technology
Information technology
Information technology is the acquisition, processing, storage and dissemination of vocal, pictorial, textual and numerical information by a microelectronics-based combination of computing and telecommunications...
business based in Newbury, Berkshire
Newbury, Berkshire
Newbury is a civil parish and the principal town in the west of the county of Berkshire in England. It is situated on the River Kennet and the Kennet and Avon Canal, and has a town centre containing many 17th century buildings. Newbury is best known for its racecourse and the adjoining former USAF...
, United Kingdom
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
. The firm provides software and consultancy
Consultant
A consultant is a professional who provides professional or expert advice in a particular area such as management, accountancy, the environment, entertainment, technology, law , human resources, marketing, emergency management, food production, medicine, finance, life management, economics, public...
services for clients updating legacy system
Legacy system
A legacy system is an old method, technology, computer system, or application program that continues to be used, typically because it still functions for the users' needs, even though newer technology or more efficient methods of performing a task are now available...
s to more modern platforms. The Company is listed on the London Stock Exchange
London Stock Exchange
The London Stock Exchange is a stock exchange located in the City of London within the United Kingdom. , the Exchange had a market capitalisation of US$3.7495 trillion, making it the fourth-largest stock exchange in the world by this measurement...
and is a constituent of the FTSE 250 Index
FTSE 250 Index
The FTSE 250 Index is a capitalisation-weighted index consisting of the 101st to the 350th largest companies on the London Stock Exchange. Promotions to and demotions from the index take place quarterly in March, June, September and December...
.
History
The Company was founded in 1976 and became Micro Focus Group in 1983. In its early years it concentrated on COBOLCOBOL
COBOL is one of the oldest programming languages. Its name is an acronym for COmmon Business-Oriented Language, defining its primary domain in business, finance, and administrative systems for companies and governments....
products. In 1998 the Company acquired Intersolv Inc, an applications enablement business, for $534 million and the combined business was renamed Merant. In 2001 the business was demerged from Merant with help from Golden Gate Capital Partners
Golden Gate Capital Partners
Golden Gate Capital Partners is a private equity firm based in San Francisco, California. The firm makes investments primarily in mature technology companies, as well as other select industries, through leveraged buyout transactions as well as significant minority purchases and growth capital...
and once again became Micro Focus. It was listed on the London Stock Exchange
London Stock Exchange
The London Stock Exchange is a stock exchange located in the City of London within the United Kingdom. , the Exchange had a market capitalisation of US$3.7495 trillion, making it the fourth-largest stock exchange in the world by this measurement...
in 2005.
On June 2008 the company acquired the Israeli NASDAQ
NASDAQ
The NASDAQ Stock Market, also known as the NASDAQ, is an American stock exchange. "NASDAQ" originally stood for "National Association of Securities Dealers Automated Quotations". It is the second-largest stock exchange by market capitalization in the world, after the New York Stock Exchange. As of...
listed software company NetManage
NetManage
NetManage Inc. was a software company based in Cupertino, California, founded in 1990 by Zvi Alon, an Israeli engineer . The company’s development centre was located at the MATAM technology park, in Haifa, Israel...
for US$73.3 million. NetManage provides solutions to transform legacy applications into new Web-based business solutions.
In July 2009 the Company acquired Borland
Borland
Borland Software Corporation is a software company first headquartered in Scotts Valley, California, Cupertino, California and finally Austin, Texas. It is now a Micro Focus subsidiary. It was founded in 1983 by Niels Jensen, Ole Henriksen, Mogens Glad and Philippe Kahn.-The 1980s:...
, a developer of application lifecycle management tools, as well as the Quality Solutions (including automation tool Test Partner) part of Compuware
Compuware
Compuware Corporation is a software company with products aimed at the information technology departments of large businesses. The company's services also include testing, development, professional services automation, project and portfolio management, cloud-based collaboration and performance...
.
Operations
The Company is organised as follows:- 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 Revenue In business, revenue is income that a company receives from its normal business activities, usually from the sale of goods and services to customers. In many countries, such as the United Kingdom, revenue is referred to as turnover.... (US $ million) |
EBIT Earnings before interest and taxes In accounting and finance, earnings before interest and taxes is a measure of a firm's profit that excludes interest and income tax expenses. Operating income is the difference between operating revenues and operating expenses... (US $m) |
Net profit Net income Net income is the residual income of a firm after adding total revenue and gains and subtracting all expenses and losses for the reporting period. Net income can be distributed among holders of common stock as a dividend or held by the firm as an addition to retained earnings... (US $m) |
Earnings per share Earnings per share Earnings per share is the amount of earnings per each outstanding share of a company's stock.In the United States, the Financial Accounting Standards Board requires companies' income statements to report EPS for each of the major categories of the income statement: continuing operations,... (¢) |
|---|---|---|---|---|
| 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
Generally Accepted Accounting Principles
Generally Accepted Accounting Principles refer to the standard framework of guidelines for financial accounting used in any given jurisdiction; generally known as accounting standards...
. Accounts from 2005 onwards prepared according to International Financial Reporting Standards
International Financial Reporting Standards
International Financial Reporting Standards are principles-based standards, interpretations and the framework adopted by the International Accounting Standards Board ....
.
Shareholder structure
The principal shareholderShareholder
A shareholder or stockholder is an individual or institution that legally owns one or more shares of stock in a public or private corporation. Shareholders own the stock, but not the corporation itself ....
s of Micro Focus at 31 July 2009 were: Standard Life
Standard Life
Standard Life plc is a long term savings and investment business, with headquarters in Edinburgh and operations across the globe. It has 1.5 million shareholders in more than 50 countries and over 6 million customers.-History:...
10.92%, Majedie Asset Management 8.17% and BlackRock
BlackRock
BlackRock, Inc. is an American multinational investment management corporation and the world's largest asset manager. BlackRock is headquartered in Manhattan, New York City, New York, United States and is the leading provider of investment, advisory, and risk management solutions...
6.36%.