Micro Focus Ltd., Palo Alto, Calif., has acquired Stingray Software Co.
Inc., Cedarburg, Wisc., in a stock deal valued at $16 million.
1987, Micro Focus has distributed several products developed by Stingray's
five employees, said Micro Focus Group Vice President Rick McNees. All
five employees will remain with Micro Focus and will be based in
Cedarburg, McNees said.
In addition, Stingray founders and principals, Bruce Zupek and Michael
McQuaid, were named Micro Focus vice presidents reporting to McNees.
McNees said the acquisition will alow the Stingray R&D operation to
work more closely with the Micro Focus unit in the development of
mainframe emulation and relation technologies and tools that work with the
Micro Focus offerings.
Stingray developed the IMS option, IMS environment, for IBM PC and PS/2
personal computers, which Micro Focus markets as the IMS Option to
Workbench. In addition, Micro Focus resells the other Stingray products,
including Data Tools, SortMVS, the Data Editor Facility, and MVS86, an MVS/XA
ISPF look-and-feel user shell.
Stingray sold few products directly and had no other resellers,
according to McNees. The privately held firm had pretax profits of about
$2.5 million in 1990.
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