Netiq (NASDAQ:NTIQ)
Historical Stock Chart
From Nov 2019 to Nov 2024
Francisco Partners, one of the world's largest
technology-focused private equity funds, today announced it has
successfully closed the transaction to purchase the WebTrends business
unit, a division of NetIQ Corporation (Nasdaq:NTIQ), which was
previously announced on March 28.
As a private company, WebTrends now has increased strategic
flexibility, quicker reflexes and the deep resources needed to expand
its position of industry leadership and innovation. The WebTrends
management team fully participated and supported the acquisition, and
Greg Drew continues to lead the business in his new role as president
and chief executive officer. Some members of the management team have
also invested in the new business together with Francisco Partners.
"It's clear that web-savvy organizations demand actionable
analytics -- without sacrificing accuracy for ease of use -- to drive
better decisions and greater results for all their online marketing
and web site initiatives," said Greg Drew, president and CEO of
WebTrends. "With our award-winning on-demand and software solutions,
WebTrends is uniquely positioned to meet these needs. Now, with the
deep capital resources of Francisco Partners, we can accelerate our
efforts to extend WebTrends' position as the web analytics solution of
choice for web-smart marketers worldwide."
"We are very excited to participate in the next chapter of
WebTrends," said Ben Ball, general partner of Francisco Partners.
"WebTrends' existing assets, such as its experienced management team,
industry expertise, brand strength, vast customer base and technology
platform, combined with our strategic and financial resources, will
provide for growth opportunities and even stronger market leadership."
About WebTrends
Thousands of web-smart organizations worldwide, including more
than half of the Fortune and Global 500, rely on WebTrends to improve
their web site conversions and optimize their marketing performance
for maximum return on investment. As the worldwide market leader for
web analytics, WebTrends has become the trusted standard not only for
award-winning technology, but also for a full range of consulting
services and unmatched industry expertise. By delivering accurate and
actionable metrics through both on-demand and software options,
WebTrends ensures that its customers are positioned for both immediate
and long-term success with a solution that can adapt to ever-changing
business and technical requirements. For more information, visit
www.WebTrends.com.
WebTrends and WebTrends On Demand are trademarks or registered
trademarks of WebTrends Inc. in the United States and other countries.
All other trademarks mentioned are the property of their respective
owners.