London software testing news UK


Micro Focus rise on acquisition of Compuware QA tools and Borland

Posted in Acceptance testing by testing in London on June 1, 2009

From Reuters

Shares in Micro Focus climbed more than 4 percent to about 450 pence, to a record high, as Evolution Securities raises the price target of the British software company to 565 pence from 423 pence.

Evolution Securities, which maintains a “buy” recommendation on the stock, says the logic of Micro Focus’ decision to acquire Borland Software BORL.0 and assets from Compuware (CPWR.O) is compelling.

“We expect the stock to re-rate because they are moving to a new market of testing tools and that improves the organic growth potential of the stock in the long-term,” says Roger Phillips, technology analyst at Evolution Securities.

One Response to 'Micro Focus rise on acquisition of Compuware QA tools and Borland'

Subscribe to comments with RSS or TrackBack to 'Micro Focus rise on acquisition of Compuware QA tools and Borland'.

  1. iainhendry said,

    An interesting blog


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: