Micro Focus announced today its intent to merge with HPE's Software Business Segment in a transaction valued at approximately $8.8 billion. The merger is subject to customary closing conditions, including anti-trust clearances and shareholder approval and is expected to close in Q3 2017. The proposed merger brings together two well established enterprise software vendors with highly complementary portfolios. With revenues of approximately $4.5 billion, it creates one of the world's largest pure-play infrastructure software companies with a global footprint, agility and financial strength to drive software innovation across both traditional and emerging IT market segments. "Today's announcement marks yet another significant milestone for Micro Focus and is wholly consistent with the long-term business strategy we have been pursuing to be the most disciplined global provider of infrastructure software.