AttachmateWRQ to Buy NetIQ for $495 Million.

Publication: eWeek

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COPYRIGHT 2006 Ziff Davis Media Inc.

Legacy system-integration software provider AttachmateWRQ, which itself is owned by an investment group, announced April 27 the acquisition of NetIQ for about $495 million, or $12.20 per share.

NetIQ develops integrated systems and security management software. In addition to legacy integration, AttachmateWRQ focuses on multihost access, security and desktop management.

The companies combined will share about 40,000 customers in more than 60 countries. Their mission will be to help users "extend, manage and secure their IT...

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