Serena Software, Inc. today announced that after successfully acquiring controlling interest in Merant on April 26, completion of the acquisition is now assured. The company has received valid acceptances in respect of over 90 percent of Merant's issued share capital. The Offer will close in 14 days time.
The Merant acquisition extends Serena's leadership position in mainframe software configuration management to distributed platforms, managing change throughout the application life cycle.
"This acquisition combines two veterans of the software configuration management marketplace that share a strong focus on enterprise change management, and that offer complementary strengths in several areas," said Melissa Webster, Research Director at IDC.
Merging the technology strengths of each company - particularly Serena on the mainframe and Merant on distributed platforms enables Serena to deliver the broadest possible range of change management solutions and to compete more aggressively in the growing Application Life-Cycle Management (ALM) market. Over the next several weeks, Serena will focus on integrating these products under the SAFE framework to provide customers with more capabilities and greater value.