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Technology / AI and automation

MICRO FOCUS PAYS $4.1M IN SHARES FOR PROXIMITY SOFTWARE

Micro Focus Plc, Newbury, Berkshire has now bought Proximity Software Inc, the company that provides the ProxMVS technology that is an option with the Micro Focus Workbench and is embedded in the ADMVS Workbench. It paid 120,000 new shares, valuing the company, which is based somewhere in Maryland (Micro Focus doesn’t seem to know where) at $4.1m, UKP2.6m at the current share price.

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CBR Staff Writer

CBR Online legacy content.