Venture Capitalists Offer to Take NetManage Private
September 11, 2006 Timothy Prickett Morgan
In what must seem like a big relief, midrange and mainframe host connectivity software provider NetManage has been approached by two venture capitalists who want to take it private.
In late 2004, one of NetManage’s biggest competitors, the former WRQ, was taken private by venture capitalists Golden Gate Capital, Francisco Partners, and Thoma Cressey Equity Partners. And in April 2005, these same companies bought another NetManage rival, Attachmate, creating AttachmateWRQ. And then, about a year later, AttachmateWRQ shelled out $495 million to acquire systems and security management software provider NetIQ, to create a new private company simply called Attachmate,