Brief: WRQ, Attachmate to merge

Terms of the deal, expected to close next month, were not disclosed

By Heather Havenstein

April 19, 2005 12:00 PM ET

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Computerworld - The investment group that owns legacy access software vendor WRQ Inc. announced today that it has reached a deal to buy rival Attachmate Corp. and plans to merge the two into a single company.
Terms of the deal, which will close next month, were not announced. The combined company will have revenue totaling more than $200 million and a 16% market share in the host access space, executives said.
Jeff Hawn, now serving as chairman of WRQ, will become chairman, CEO and president of the combined company. Frank Pritt, the founder, president and CEO of Attachmate, will retire from Attachmate after the transaction closes.
Both companies build software for accessing and integrating legacy applications. The new company will be based in Seattle.

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