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AttachmateWRQ to Buy NetIQ For $495M

Seattle-based AttachemateWRQ is buying NetIQ, the firm said today, and will pay $495M in cash for the firm. The move will take NetIQ private, and remove it from public trading on the Nasdaq. The firms said that the acquisition will create a $400M company that provides mission-critical enterprise software. The two companies said that the move has been approved by both boards of directors, and is expected to close in approximately 90 days. NetIQ is a provider of systems and security management software; AttachmateWRQ also provides software in the space, with security, PC lifecycle management, and access solutions. AttachmateWRQ is owned by Golden Gate Capital, Francisco Partners, and Thoma Cressey Equity Partners. NetIQ was advised by Morgan Stanley, and AttachmateWRQ was advised by Credit Suisse.



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