View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
August 25, 1998


By CBR Staff Writer

Micro Focus Group Plc, the UK Cobol specialist currently involved in a $534m acquisition of Intersolv Inc, aims to grab a large slice of the business for converting banks’ systems to run the European common currency. Because the vast bulk of banking and financial services software in written in Cobol, the board believe that the move to a unified currency in Europe will provide the company with an opportunity to seek leadership in this market, said the company in a statement. Shareholders meet to approve the merger plan at a meeting next month. Micro Focus expects extra charges in the quarter that the merger with Intersolv becomes effective. Cost savings arising from the business synergies immediately following the merger will be less significant than long-term economies of scale, said the company.

Content from our partners
Scan and deliver
GenAI cybersecurity: "A super-human analyst, with a brain the size of a planet."
Cloud, AI, and cyber security – highlights from DTX Manchester

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.