Micro focus acquisition
This is the second transaction on which Arma Partners has advised Micro Focus this year, having also acted as exclusive financial advisor on their $73m acquisition of NetManage, Inc. The transaction is expected to close before the end of 2008.
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Engages in a component of the staffing process within the sub-region. Supports achievement of the hiring targets for their sub-region, including time to fill, cost per hire,, diversity goals and hiring manager and candidate satisfaction. The Directors of Relativity have unanimously approved the terms of the offer, which is subject to customary closing conditions and approval by Relativity’s shareholders. Interacts with hiring managers within the business and sub-region. The acquisition will be earnings enhancing in Micro Focus’s fiscal year ending 30 April 2009 (before amortisation of intangible assets and one-off integration and restructuring costs). The acquisition of Relativity will further strengthen Micro Focus’s position as a leading player in the fast growing, highly fragmented Application Modernisation market as well as further expand Micro Focus’s geographic reach, partner relationships and international customer base.
#Micro focus acquisition software#
Micro Focus, a member of the FTSE 250, is a provider of innovative software that allows companies to dramatically improve the business value of their enterprise applications. Relativity is a privately held company backed by Intel Capital, Wachovia Strategic Ventures, Tall Oaks Capital Partners, Noro Moseley Partners, Wakefield Group, Sojitz Corporation and CEC. He has also earned his SPHR certification from the Society of Human Resource Management, Six Sigma Green Belt certification, and serves on the Board of the Philadelphia Society of People and Strategy.We are pleased to announce that Arma Partners acted as exclusive financial advisor to Micro Focus International plc (LSE: MCRO.L) on its acquisition of Relativity Technologies, Inc., a US-based leader in Enterprise Application Modernisation solutions with over 400 customers worldwide. Mitch received his MBA and BS from the University of Maryland in College Park, Maryland. Mitch began his career with Bank of America as a Bank Sales Manager prior to transitioning to Human Resources. Preceding Comcast, Mitch was Vice President of Human Resources for Commerce Bank, where he led Human Resources for their Retail Business. In his distinguished career, Mitch has held several executive leadership positions, including at Comcast, where he served as Vice President of Talent Acquisition leading the design, development, and implementation of strategic, enterprise-wide recruiting, retention, talent management, and employment initiatives. Mitch originally joined Hewlett Packard to lead a team of 250 employees responsible for the strategy and delivery of recruitment, mobility, and workforce management solutions and services to all Hewlett-Packard businesses and functions in North, Central, and South America. In this role, Mitch partnered with the Software executive leadership team to lead strategic human resources activities including workforce development, organization development and effectiveness, talent management, executive recruiting, compensation, and other HR processes and practices. Prior to this role, Mitch was the Senior HR Business Partner for Hewlett-Packard Enterprise’s Worldwide Software Sales and Marketing organization. In this role, Mitch is responsible for developing and leading the planning, design, implementation, communciation, and delivery of the company’s recruitment strategy across the organization. In this video, Malte Pollmann, CEO of Utimaco answers some key questions about the acquisition of Atalla Product Line from Micro Focus.This strategic acquisi. Mitch serves as Vice President of Global Talent Acquisition.
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We are pleased to welcome Mitch Schwartz of Micro Focus, one of the world’s largest enterprise software providers that delivers trusted and proven mission-critical software that keeps the digital world running.