Friday, May 4, 2007

Acucorp Acquired By Micro Focus

San Diego-based Acucorp, a developer of COBOL development tools, has been acquired by Micro Focus International plc in a deal worth $40.7M. Acucorp's products connect COBOL software applications with the web, mobile phones, UNIX systems, and other systems. According to Micro Focus, Acucorp had profits of $3.0M in 2006, and assets of $13.1M. Acucorp is expected to add approximately $17M in revenues for FY2008 for Micro Focus. Micro Focus said that it will merge most of Acucorp's regional offices into its existing facilities, however that that Acucorp's San Diego office will remain in its current location.

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