Tuesday, March 22, 2016

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.