MARKET MOVEMENT
Truescope acquires Universal Information Services
Truescope has strengthened its position in North America by acquiring Universal Information Services ( UIS ). Founded in 2019 and now operating in Singapore , New Zealand and North America , Truescope is experiencing rapid growth in all markets – a commercial response to the company ’ s advanced SaaS
platform , product innovation and experienced people . The acquisition of UIS will immediately welcome hundreds of clients to Truescope ’ s solutions , with the integration of services presently underway .
UIS is led by Todd Murphy and is based in Omaha , Nebraska . The media intelligence agency has a rich heritage and proud reputation for its service-first approach , and as a trusted partner to businesses and communication professionals across the US .
“ Truescope has been active in the US for almost a year and the response we have had to our platform has been overwhelmingly positive ,” said John Croll , Co-founder and CEO , Truescope . “ Todd ’ s leadership , the team ’ s decades-long local expertise and loyal client base , coupled with Truescope ’ s technology , will enable us to deliver a powerful and truly unparalleled service that will help better inform communications .”
“ John ’ s vision and ability to build game-changing tech is the perfect alignment for the evolution of not only Universal ’ s clients but the media intelligence industry , broadly ,” said Todd Murphy , Truescope President , North America . “ I ’ m thrilled to be leading the company and delivering a truly superior service never before seen .”
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OpenText acquires Micro Focus
OpenText has announced that it has closed the previously announced acquisition of Micro Focus International , a leading provider of mission-critical software technology and services that help customers accelerate Digital Transformation .
“ I would like to welcome Micro Focus customers , partners and employees to OpenText ,” said Mark J . Barrenechea , CEO and CTO , OpenText . “ Digital life is life , and with Micro Focus ’ great products and talent , we will help organisations of all sizes accelerate their Digital Transformation .
“ With this acquisition , OpenText ’ s corporate mission expands to help enterprise professionals secure their operations , gain more insight into their information and better manage an increasingly hybrid and complex digital fabric with a new generation of tools that include cybersecurity , digital operations management , applications modernisation and delivery and AI and analytics .
“ This new generation of information management software will help organisations accelerate their Digital Transformation and drive growth while reducing costs .
“ We have a structured and disciplined approach to M & A . The last six months of planning has led us to a defined integration plan to deliver on our committed outcomes . We are ready and excited about winning the Information Management market , strong customer outcomes and company growth and expanded cashflows .” •
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