News

Seattle software company, AttachmateWRQ to buy NetIQ

April 28, 2006 /

MATR Sponsor (view all)


The MDT Disadvantaged Business Enterprise (DBE) Program encourages and supports the participation of companies owned and controlled by socially and economically disadvantaged individuals in transportation contracts.

Seattle-based AttachmateWRQ agreed to buy NetIQ, a maker of computer-management software, for $495 million to add programs to run Windows-based networks.

The offer of $12.20 a share is 14 percent more than San Jose, Calif.-based NetIQ’s closing price Wednesday on the Nasdaq Stock Market. The deal is expected to close in 90 days, the companies said Thursday in a statement.

Closely held AttachmateWRQ will get about $192 million in NetIQ cash, making the net price about $300 million, said Stifel, Nicolaus & Co. analyst Todd Weller. AttachmateWRQ’s software integrates desktop computers with mainframe systems.

Full Story: http://seattletimes.nwsource.com/html/businesstechnology/2002958039_attachmate28.html

MATR Supporters (view all)


Montana Technology Innovation Partnership (MTIP)- Promoting Technology Commercialization in the State of Montana.

SBA 504 Loans offered statewide! Real estate and equipment, acquisitions, renovation, and new construction. Low, fixed-rates up to 25 years with as little as 10% down.

Bozeman is a rapidly growing city with a high quality of life in part due to the easy access to the outdoors, burgeoning tech industry, and cultural experiences it offers.
Posted in:

Sorry, we couldn't find any posts. Please try a different search.

Leave a Comment

You must be logged in to post a comment.