Micro Focus Signs Commercial Agreement With Amazon Web Services
By Adria Calatayud
Micro Focus International PLC said Wednesday that it has signed
a commercial agreement with Amazon.com Inc.'s cloud arm, Amazon Web
Under the agreement, AWS and Micro Focus will work together to
deploy Micro Focus's technology for customers moving applications
and workloads to a cloud-based production environment, the U.K.
software group said.
Micro Focus said it has issued warrants to Amazon NV Investment
Holdings LLC to subscribe for up to 15.9 million shares in Micro
Focus at 446.60 pence each as part of the agreement. The vesting of
the warrants depends on the level of software revenue generated by
AWS for Micro Focus under the agreement and full vesting requires
the deal to deliver a material benefit to both companies' revenues,
the U.K. company said.
Micro Focus shares closed at 438.60 pence on Tuesday.
Write to Adria Calatayud at firstname.lastname@example.org
(END) Dow Jones Newswires
March 03, 2021 02:40 ET (07:40 GMT)
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