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On the Record · Micro Focus International

Micro Focus International acquisitions, on the record

The businesses Micro Focus International bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.

Deals its annual reports describe

BusinessDealWhenValue
SUSE business
Word for word“On March 15, 2019 the Group completed the disposal of SUSE, the profits from which have been reported within the profit from discontinued operations in the year.” 20-F for 2019
agreed divestitureOn March 15, 2019—
Interset Software Inc.
Word for word“Details of business combinations including the transaction to acquire Interset Software Inc., for the 12-months ended October 31, 2019 and additional transactions in the 18-months ended October 31, 2018 and the 12-months ended April 30, 2017 can be found in note 38 of the financial statements in Item 18.” 20-F for 2019
acquisition——
HPE Software business
Word for word“The 18-month period arises due to the change in financial year end from 30 April to 31 October following the acquisition of the HPE Software business which completed on September 1, 2017.” 20-F for 2019
acquisitionwhich completed on September 1, 2017—
Atalla
Word for word“Divestiture gain on Atalla (3.7 ) - Severance costs relating to previous acquisitions - 0.6 Pre-disposal costs in relation to SUSE - 21.3 Other costs 2.1 - Total exceptional costs (reported in Operating profit) 294.2 538.2 In the 12 months ended October 31, 2019, exceptional costs totaled to $294.2 million.” 20-F for 2019
divestiture——
The Attachmate Group (SUSE asset)
Word for word“Through effective investment and management of the SUSE asset, from being 20% of total revenues of The Attachmate Group when acquired by Micro Focus in November 2014 for $2.3billion, the Group achieved a total cash consideration of $2.5billion for the SUSE asset alone just four years later, at an accounting profit on disposal before tax of $1.8 billion.” 20-F for 2019
acquisitionNovember 2014$2.3billion
ATAR Labs
Word for word“Details of business combinations including the transaction to acquire ATAR Labs for the 12-months ended October 31, 2020 and additional transactions in the 12-months ended October 31, 2019 and the 18-months ended October 31, 2018 can be found in note 33 “Acquisitions” of the Consolidated financial statements in Item 18.” 20-F for 2020
acquisition12-months ended October 31, 2020—
small acquisition
Word for word“In Security we also completed a small acquisition to deliver native Security, Orchestration and Remediation (S.O.A.R) capabilities, which removed a gap in our offering.” 20-F for 2020
acquisition——
Archiving and Risk Management portfolio (the “Digital Safe business”)
Word for word“Subsequent to October 31, 2021 on 3 November 2021, the Group announced the agreement of definitive terms to sell its Archiving and Risk Management portfolio (the “Digital Safe business”) to Smarsh Inc., for a total cash consideration of $375m (subject to customary completion accounts adjustments based on net debt and working capital) which was paid in full on completion of the transaction on January 31, 2022.” 20-F for 2021
divestiture3 November 2021$375m

Read from Micro Focus International’s annual reports (20-F for 2021, 20-F for 2020, 20-F for 2019) and the financial data it files with the SEC, as of 2022-02-25. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.