Tuesday, 28 July 2009

Micro Focus ambitions

(By Richard Holway 9.00am Tuesday 28th July 09) Yesterday Micro Focus completed all the regulatory paperwork to close the Borland acquisition. See Borland accepts Micro Focus bid.

A few weeks back, Steve Kelly sat in my house to discuss the IT Manifesto Making BrITain Great Again. Kelly really has done a great job at Micro Focus. But the feeling you got was 'this is only the start'. Above all, Kelly's ambition is to lead Micro Focus into the FTSE100 to sit along side Autonomy and Sage. Compared both to the US and to the contribution that software makes to the UK GDP, the sector is under represented in the FTSE100. This, of course, is because so many of the suppliers to the UK software market are not HQed in the UK. Kelly is on a mission to correct that...and sees Micro Focus as a torchbearer in meeting that objective.

Micro Focus market cap is now over £800m. Kelly would need to double that to stand any chance of getting into the FTSE100. But we'd love to see him try!

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