continues with WRQs latest Attach-ment
thats placed its connectivity products on six million desks,
including HP 3000 users, has extended its reach with another
merger. WRQs new owners, Golden Gate Capital, Francisco
Partners and Thomas Cressey Equity Partners, have purchased WRQ rival
Attachmate. When the transaction completes at the end of May,
Attachmate will merge with WRQ.
some attempts at offering an HP 3000 connectivity solution in KEA!
during the 1990s, but its primary marketplace has always been among
IBM customers. A note alerting journalists to the merger pointed out
that the combined company will have a 16 percent market share in host
connectivity solutions, second only to IBM. WRQ has built
up its IBM-based solutions before branching out into development
tools prior to its purchase in December, 2004.
Any merger that
involves a company purchasing a rival can spark concerns among
customers. Attachmates press release called WRQ
Attachmates cross-town competitor. Both firms do
business in the Seattle area, where the combined company will remain.
So customers, like those in the recent deal between Adobe and
Macromedia, usually worry will my product be dropped? WRQ
moved to quell some concerns with am April 18 letter from Shaun
Wolfe, the CEO who took over for WRQ founder Doug Walker in
Whether you are an Attachmate or WRQ customer, or a
customer of both, your choice of product, maintenance support, and
services is safe, Wolfe wrote. And our future direction
will be determined by continuing to listen to our customers.
Even though the companies offer overlapping products, the near future
wont hold any changes, Wolfes letter added.
Until the merger is complete in the next 45 days or so,
Attachmate and WRQ will continue to operate as separate companies.
None of our contractual agreements or contract details, including
support or product licensing arrangements, will
Some changes are
already in play at WRQ, however. The company announced that WRQ CEO
Wolfe will take a position in the combined company as Senior Vice
President of Products and Marketing. Jeff Hawn, named WRQ chairman
after Walker retired, will become chairman and CEO of the combined
company. Hawns prior experience includes BMC Software, where
he was senior vice president of operations, and McKinsey &
Company, where he was a partner.
Walkers departure in December, Attachmates founder Frank
Pritt will retire from his company when the acquisition is complete.
Attachmates description of itself notes the company was started
in Pritts living room in 1982. Attachmate bills itself as one
of the largest privately-owned software companies. The combined firm
will have revenues of more than $200 million. WRQ, also
privately-held, reported revenues at $138 million in 1997.
significant HP 3000 assets have been prized of late. Ecometrys
holding company mirrored this merger of emulation software rivals
earlier this year, when the holding company purchased Blue Martini
Software. Ecometry was purchased last December by a combination of
insider stock and outside investment capital. Also set to close this
month is another 3000-related acquisition, when Activants $114
million offer for Speedware is scheduled for regulators
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