On April 27, 2006, we jointly announced the signing of a definitive agreement under which NetIQ Corporation will be acquired by AttachmateWRQ. This merger creates a strong enterprise software company with greater scale, expanded expertise, a history of innovative products and loyal customers. Once the transaction is closed, the newly merged company will be known as Attachmate-NetIQ. The catalyst for this transaction is the belief that the combination of our two companies can deliver greater value to our customers. On behalf of over 1,000 of our colleagues around the world, we are committed to making this belief a reality.
This merger brings together two leading companies with complementary strategic visions and product technologies and a commitment to customer satisfaction. Both companies are market leaders – AttachmateWRQ in host access solutions that help organizations extend, manage and secure valuable IT assets; NetIQ in systems and security management helping customers to better ensure operational integrity, manage service levels, reduce risk, and ensure policy compliance. Together we comprise a $400 million company serving 40,000 customers in over 60 countries. By joining forces, we have a tremendous opportunity for further growth based on our mutual strengths and experience in complex, heterogeneous IT environments.
The acquisition will be finalized in approximately 90 days. Until then, it is business as usual, with each company operating independently. We encourage you to continue to use existing contacts for customer service, support and sales. Our primary objective during the transition is to maintain superior levels of customer support and ensure you remain the focus of our attention.
In the coming weeks, our energy and resources will focus on making this transition as seamless as possible while we continue to deliver innovative solutions. We appreciate your trust and we will continue to work hard to earn your business. If you have questions or concerns, please don't hesitate to contact either of us.
Sincerely,