07/05/2006

Attachmate Corporation today announced that the acquisition of NetIQ Corporation is complete.

ebizQ received the following details:

Under terms of the agreement, NetIQ shareholders received $12.20 per share in cash. Based on the number of shares of NetIQ common stock and common stock options outstanding on April 27, 2006, the transaction is valued at approximately $495 million. With the close of the transaction, NetIQ is no longer publicly traded.

Attachmate, formerly known as AttachmateWRQ, with NetIQ, is a $400 million company serving more than 40,000 customers in over 60 countries, with near complete penetration of the Global 10,000. As a combined organization, Attachmate is uniquely positioned to provide enterprise software that allows customers to extend mission-critical services and assure that they are managed, secure and compliant.

“The acquisition of NetIQ underscores our focus on providing our customers with the best products and most exceptional support in the industry,” said Jeff Hawn, chairman, president and CEO of Attachmate. “With our expanded resources and scale, we will continue to innovate and be the provider our customers can count on for a wealth of IT solutions.”

Attachmate, headquartered in Seattle, Wash., has a global footprint with over 85 offices around the world. The NetIQ business unit is centered in Houston, Texas under the leadership of Logan Wray, senior vice president of acquisitions at Attachmate and general manager of the NetIQ business unit, and Marc Andrews, senior vice president at Attachmate and chief operating officer of the NetIQ business unit.

Attachmate® product families span host connectivity, systems and security management, and PC lifecycle management. The Company’s esteemed customer list includes Audi, Bank of America, Beverly Healthcare, British Telecom, Cable and Wireless, DHL, ExxonMobil, Fiat, Lockheed Martin, Lufthansa, Mary Kay Inc., the Mayo Clinic, Merrill Lynch, NEC America, Raytheon, Red Robin, SEI Investments, Telstra, T-Systems, the U.S. Navy and 1-800-Flowers.