Pivotal iQ IT Intelligence - Micro Focus acquires COBOL-IT to strengthen commitment and investment in core business

IT Intelligence Bulletin – Micro Focus has announced the acquisition of COBOL-IT, a strategic vendor of open-source COBOL solutions.

It is the first technology acquisition made following the completion of the September 2017 merger of Hewlett Packard Enterprise’s former Software business unit with Micro Focus.

COBOL applications remain business-critical for both enterprise customers and government entities, and range in complexity. Organizations with less complex, but highly critical applications have increasingly been embracing commercially-supported open source solutions to meet their specific requirements.

“We are excited to welcome COBOL-IT to our broad portfolio and the many customers who have embraced these open source solutions to support their core applications,” said Chris Hsu, CEO, Micro Focus.

This report continues after the following message from HG Insights:

HG Insights – Sourcing Intelligence Redefined

HG Insights provides deep sourcing intelligence and diagnostic tools on and for the IT industry, analyzing the sector’s supply and purchasing activities to identify points of significant business value for enterprise companies and the vendors that serve them.

If you would like to get more insight into Micro Focus, gain unique account-level intelligence on this company or identify opportunities across the wider IT market – Contact us now.

Paris-based COBOL-IT was founded in 2008 to help organizations preserve the functionality of strategic COBOL applications with superior performance and agility. It is the first COBOL vendor to develop and deliver an open source-based COBOL compiler and run time environment, enabling enterprises to run compiled objects in all Open Systems Unix, Linux, and Windows platforms.

“Joining Micro Focus gives COBOL-IT customers and partners a richer enterprise technology ecosystem context that can enable long-term success and support,” said Stephane Croce, founder and CEO of COBOL-IT. “With significant intellectual property and deep domain expertise, Micro Focus has extensive experience supporting and extending business-critical COBOL applications, and we anticipate that this will present additional value to both our customers and partners going forward.”

“COBOL-IT adds a unique and exciting dimension to our COBOL product portfolio, and enables us to offer technology support that fully spans the evolving needs of customers as they extend, integrate and modernize their core business applications and data,” said Chris Livesey, SVP and GM, Application Modernization and Connectivity at Micro Focus. “I look forward to working with COBOL-IT customers and partners worldwide to determine how we can grow and strengthen their investments together.”

Send HG Insights your news

Have you got IT news you would like the HG Insights news team to cover? Maybe you have the inside track on a major IT news story or have heard something significant or of interest to the global IT sector. We value all contributions.

Email all press releases / information to News@HGInsights.com and one of our journalists will get back to you.