Web Analytic Firm Parts With Parent Company
Private equity firm Francisco Partners, yesterday, announced that it has entered into a definitive agreement to acquire the WebTrends business unit, a provider of web analytics, of NetIQ Corporation. The transaction is being undertaken with the full participation and support of the WebTrends management team, members of which will be investing in the new business together with Francisco Partners. Greg Drew, currently general manager of WebTrends, will continue to lead the business and will assume the role of president and chief executive officer of the new standalone WebTrends business.
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