Laser Focus World is an industry bedrock—first published in 1965 and still going strong. We publish original articles about cutting-edge advances in lasers, optics, photonics, sensors, and quantum technologies, as well as test and measurement, and the shift currently underway to usher in the photonic integrated circuits, optical interconnects, and copackaged electronics and photonics to deliver the speed and efficiency essential for data centers of the future.

Our 80,000 qualified print subscribers—and 130,000 12-month engaged online audience—trust us to dive in and provide original journalism you won’t find elsewhere covering key emerging areas such as laser-driven inertial confinement fusion, lasers in space, integrated photonics, chipscale lasers, LiDAR, metasurfaces, high-energy laser weaponry, photonic crystals, and quantum computing/sensors/communications. We cover the innovations driving these markets.

Laser Focus World is part of Endeavor Business Media, a division of EndeavorB2B.

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Editorial Advisory Board

  • Professor Andrea M. Armani, University of Southern California
  • Ruti Ben-Shlomi, Ph.D., LightSolver
  • James Butler, Ph.D., Hamamatsu
  • Natalie Fardian-Melamed, Ph.D., Columbia University
  • Justin Sigley, Ph.D., AmeriCOM
  • Professor Birgit Stiller, Max Planck Institute for the Science of Light, and Leibniz University of Hannover
  • Professor Stephen Sweeney, University of Glasgow
  • Mohan Wang, Ph.D., University of Oxford
  • Professor Xuchen Wang, Harbin Engineering University
  • Professor Stefan Witte, Delft University of Technology

Micro Focus International (NYSE: MFGP) Set to be Bought Out by OpenText (NASDAQ: OTEX) for $6 Billion

Micro Focus International plc (NYSE: MFGP) is a U.K.-based enterprise software company, which offers a product line consisting of app modernization, connectivity solutions, IT operational management, cybersecurity and more. Shares of the enterprise solutions provider are skyrocketing 94% through early trading on Friday, August 26, 2022. Over the past three months, Micro Focus has seen average daily volume of 415,050 shares. However, volume of 4 million shares or dollar volume of around $24.44 million, has already exchanged hands through early trading.

Shares of Micro Focus are surging after the company announced that it has entered into an agreement to be acquired by OpenText (NASDAQ: OTEX) for a purchase price of $6 billion in cash or 532 pence per share. Over the past trailing twelve months, Micro Focus has pro forma revenue of $2.7 billion. The purchase price effectively provides a 2.2x multiple on Micro Focus’s pro forma revenues.

OpenText estimates cost synergies to hit $400 million, as management sees “meaningful expansion of cloud revenues, adjusted EBITDA and cash flows in fiscal 2024,” according to the press release. Both management teams estimate the transaction to close during the next six quarters, pending approvals from shareholders and regulators.

“We are pleased to announce our firm intention to acquire Micro Focus, and I look forward to welcoming Micro Focus customers, partners and employees to OpenText,” said OpenText CEO & CTO Mark J. Barrenechea. “Upon completion of the acquisition, OpenText will be one of the world’s largest software and cloud businesses with a tremendous marquee customer base, global scale and comprehensive go-to-market. Customers of OpenText and Micro Focus will benefit from a partner that can even more effectively help them accelerate their digital transformation efforts by unlocking the full value of their information assets and core systems.”

Disclosure: No position. Spotlight Growth has no relationships with any of the companies mentioned in this article and did not receive payment in any form for its creation. This is an opinion article and is not meant to be financial advise. We are not broker-dealers or investment professionals. Please conduct your own due diligence. For more information on our disclosures, please visit: https://spotlightgrowth.com/disclosures/

The post Micro Focus International (NYSE: MFGP) Set to be Bought Out by OpenText (NASDAQ: OTEX) for $6 Billion appeared first on Spotlight Growth.

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