Francisco Partners to Acquire WebTrends From NetIQ

Share this article:
Francisco Partners, a technology-focused private equity funds, said yesterday that it will acquire the WebTrends business unit from NetIQ Corp. WebTrends is a Portland, OR-based provider of Web analytics.


San Jose, CA-based NetIQ's board of directors has approved the agreement, which is expected to close before June 30. The deal is subject to regulatory approvals and customary closing conditions. aThe transaction is being undertaken with the support of WebTrends' management team, members of which will be investing in the new business together with Menlo Park, CA-based Francisco Partners.


Greg Drew, currently general manager of WebTrends, will continue to lead the business and will assume the role of president and CEO of the new standalone WebTrends business.


Share this article:
You must be a registered member of Direct Marketing News to post a comment.
close

Next Article in Data/Analytics

Sign up to our newsletters

Follow us on Twitter @dmnews

Latest Jobs:

Featured Listings

More in Data/Analytics

Arthur Hughes, Who Wrote the Book on Database Marketing, Dies at 86

Arthur Hughes, Who Wrote the Book on Database ...

First published in the early days of the Web, Arthur Middleton Hughes's Strategic Database Marketing remains a bible for direct marketers.

Word to the Wise: 100% Viewability

Word to the Wise: 100% Viewability

100% viewability is quite the myth.

12 Big Data Facts for Marketers in 2014

12 Big Data Facts for Marketers in 2014

The idea of Big Data is nothing new, but its potential to solve today's problems and spark innovation is unprecedented.