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MFGP - Micro Focus pops on a deal to sell its Digital Safe product portfolio
Micro Focus Intl PLC ADS each representing One Ord Sh
Smarsh will acquire the Digital Safe archiving and risk management portfolio from Micro Focus (NYSE:MFGP) following regulatory approvals, expected in Q1'22. Smarsh is a recognized global leader in electronic communications archiving solutions for regulated organizations. The economic terms were not revealed. The Digital Safe business includes the Digital Safe product and the complementary offerings of Social Media Governance, Supervisor and eDiscovery. Shares of MFGP +6% premarket.