Micro Focus Celebrates Merger with HPE by Ringing the Opening Bell
Micro Focus (MFGP) - Get Report is a software solutions company that was founded in 1976. The business is based in Newbury, Berkshire, England. Micro Focus completed a merger with (HPE) - Get Report on Sept. 1, 2017 and in celebration of the joining rang the opening bell at the New York Stock Exchange. The combination creates the 7th largest pure-play software company. Valued at $8.8 billion, the deal is a culmination of a three year run off M&A activity.
In a statement, CEO Chris HSU said, "We are bringing together a powerful combination of technology and talent uniquely positioned to drive customer-centered innovation at enterprise scale - enabling organizations to maximize the ROI of existing software investments while embracing the new hybrid model for enterprise IT." Hsu got the honor of ringing the bell on Friday morning.
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