17/05/2005 Micro Focus International opens the Main Market
Micro Focus International opens the Main Market.
17 May 2005
Micro Focus is one of the leading providers of legacy development and deployment software with almost 30 years of experience and over one million licensed users and software used by over 70 companies within the 2004 Fortune "Global 100".
Micro Focus' software enables its customers to continue to use and extract value from investments in existing information technology infrastructure (i.e. "legacy" assets), including people and processes. By exploiting the latest technologies and leveraging the strength of its partners worldwide, Micro Focus' software enable its customers to improve the productivity of application developers, take advantage of web services and migrate existing applications from older platforms, such as the mainframe, to contemporary platforms, such as Windows.
Commenting on Micro Focus' proposed listing, Tony Hill, Chief Executive Officer, said:
"We are delighted with the success of the global offer in what is currently a challenging marketplace for new issues, and how our messages of improved IT efficiency and reduced risk have been received by investors. We have achieved both of our corporate objectives of a full listing on the London Stock Exchange and a raising of $125 million for the company. More generally, the listing will permit us to capitalise on our opportunities for growth and to drive expansion. We look forward to life as a listed company".