Micro Focus (LSE: MCRO; NYSE: MFGP) has announced the acquisition of COBOL-IT, a strategic vendor of open-source COBOL solutions, the company said.
It is the first technology acquisition made following the completion of the September 2017 merger of Hewlett Packard Enterprise´s former Software business unit with Micro Focus.
COBOL applications remain business-critical for both enterprise customers and government entities, and range in complexity. Organizations with less complex, but highly critical applications have increasingly been embracing commercially supported open source solutions to meet their specific requirements.
Paris-based COBOL-IT was founded in 2008 to help organizations preserve the functionality of strategic COBOL applications with superior performance and agility. It is the first COBOL vendor to develop and deliver an open source-based COBOL compiler and run time environment, enabling enterprises to run compiled objects in all Open Systems Unix, Linux, and Windows platforms.
Micro Focus is a global enterprise software company uniquely positioned to help customers extend existing investments while embracing new technologies in a world of Hybrid IT. Providing customers with a world-class portfolio of enterprise-grade scalable solutions with analytics built-in, Micro Focus delivers customer-centered innovation across DevOps, Hybrid IT Management, Security & Data Management, and Predictive Analytics. For more information visit www.microfocus.com.