Serena Software Acquired By Micro Focus For $540M
Redwood City-based Serena Software, a developer of IT management software, has been acquired by Micro Focus, in a deal worth $540M in cash. UK-based Micro Focus said the acquisition will strengthen its solution set. Serena Software serves the enterprise IT market, and was owned by private equity investor HGGC. HGGC had paid $450M for Sera Software back in 2014 from Silver Lake.
posted on Tuesday, March 22, 2016
Related companies:
SERENA & LILY INC
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