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:
close

Next Article in Database Marketing

Sign up to our newsletters

Follow us on Twitter @dmnews

Latest Jobs:

Featured Listings

More in Database Marketing

What's H-appending? DiscoverOrg Taps Marketo's Webhooks

What's H-appending? DiscoverOrg Taps Marketo's Webhooks

Cloud-based marketing automation behemoth Marketo joins forces with marketing intelligence company DiscoverOrg to improve its data collection capabilities.

A Toast to Marketing Attribution

A Toast to Marketing Attribution

Vino accessories and storage company Wine Enthusiast indentifies top and underperforming affiliates using algorithmic marketing attribution.

Q&A: When (and How) to Bust Down the Data Door

Q&A: When (and How) to Bust Down the ...

Some people run into issues with trying to build the perfect solution when often an 80% solution will do, says MailChimp's chief data scientist.