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08.02.2023

QKS Insight

OpenText acquires Micro Focus in a bid to expand its product portfolio and customer reach.

Author:

Ganesh Reddy Bonthu

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OpenText, a leading information management solutions provider, recently acquired Micro Focus, a software and cybersecurity company, as part of its massive $5.8 billion acquisition. With this acquisition, OpenText now can work extensively on combining AI and machine learning analytics with real-time, in-place data, to transform any data into strategic, actionable insights.

OpenText believes that the cybersecurity, digital operations management, content services, digital experience, business network, application delivery management, application modernization & connectivity, analytics, and AI markets will create high-impact digital transformation by 2030 and are needed to win this digital era.

A new generation of tools, including cybersecurity, digital operations management, applications automation, advanced analytics, and AI, will help OpenText grow its corporate mission to enable enterprise professionals to secure their operations, gain insights into their information, and manage an increasingly hybrid and complex digital fabric.

Author

Ganesh Reddy Bonthu, Analyst, Quadrant Knowledge Solutions.