OpenText buys rival Micro Focus for $6bn

OpenText announced it has reached an agreement to acquire data and software services competitor Micro Focus for $6bn.  Based in the UK, Micro Focus is one of the world's largest software companies and generated approximately $2.7bn pro forma trailing twelve months (TTM) revenue for the period ended April 30, 2022. It was founded in 1976 and is listed on the London Stock Exchange.  OpenText said it values Micro Focus' strong brands and culture and attaches great importance to the skil...