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    MCRO   GB00BJ1F4N75

MICRO FOCUS INTERNATIONAL PLC

(MCRO)
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Micro Focus International : Launches Digital Safe Managed Services to Help Regulated Organizations Reduce Legal and Opera...

08/31/2021 | 09:32am EDT

SANTA CLARA, Calif., - Aug. 31, 2021 - Micro Focus (LSE: MCRO; NYSE: MFGP) today launched Digital Safe Managed Services, now available to support, enhance and customize the compliance archiving solution. The new offering provides customers a variety of services, including end-to-end consultancy services, that provides in-house experts and predictable service costs to perform ongoing archiving and compliance tasks, custom reporting and risk gap analyses. The service is designed to reduce legal and operational risk-related costs of compliance by allowing customers the ability to relinquish some or all of the day-to-day execution of their compliance strategy to Micro Focus experts, further streamlining compliance operations and improving information governance effectiveness.

'In a world where information is a vital resource, navigating complex and constantly changing compliance regulations is both mission-critical and a major organizational resource drain,' said Scott Richards, Micro Focus Vice President and General Manager of Information Management and Governance. 'The Micro Focus Digital Safe Managed Services remove roadblocks to efficient compliance risk mitigation by offering a tailored archiving and supervision solution to suit individual clients' strategies and environments that is designed to work in lockstep with their IT and business units.'

Digital Safe Managed Services include a range of other benefits:

  • Dedicated Expertise: Micro Focus Data Consultancy engineering expertise in regulatory and compliance technology, resolving complex challenges with source feed onboarding, data migrations, remediations, reporting, and business analytics.
  • Compliance by Design: Specialized handling of data via various media and storage devices to preserve full life cycle of compliance archiving and supervision. Over 2,000 projects successfully reconciled, audited, and reviewed by Micro Focus clients, their advisors, and regulatory authorities.
  • Processes and Reporting: Structured and repeatable processes for data capture and insights objectives, with progress and final reporting developed by a team of Micro Focus subject matter experts proficient with over 80 source formats and associated meta data.
  • Data Consultant Model: Micro Focus relies on an effective approach to resolving a wide variety of compliance data challenges through trusted and proven services, built on best practices, industry standards, and scalable and referenceable architectures on purpose-built dedicated hardware.
  • Application Programming Interfaces (APIs): Design, development, testing, and training services by Digital Safe API consultants to help ensure that organizations enjoy the full benefits of automation.

Micro Focus Digital Safe Managed Services are designed to meet the needs of clients to rely on Micro Focus expertise to execute on their compliance strategy and consume resources as needed. Micro Focus' Digital Safe Compliance Archiving and Supervision solution supports highly regulated industries and furthers the Micro Focus commitment to helping the market manage compliance, regulatory, privacy and reputational risks across global financial services, banking, and insurance industries.

More Information

To learn more about Digital Safe Managed Services please visit here.

Join Micro Focus on LinkedIn and follow @MicroFocusIMG on Twitter.

About Micro Focus
Micro Focus delivers enterprise software to empower 40,000 customers worldwide to run, transform, and adapt. With a comprehensive portfolio, underpinned by a robust analytics ecosystem, Micro Focus delivers pragmatic, customer-centric solutions to bridge the gap between existing and emerging technologies and enable organizations to achieve Smart Digital Transformation. That's High Tech, Low Drama.

Disclaimer

Micro Focus International plc published this content on 31 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 August 2021 13:31:10 UTC.


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Financials (USD)
Sales 2021 2 867 M - -
Net income 2021 -283 M - -
Net Debt 2021 4 029 M - -
P/E ratio 2021 -4,59x
Yield 2021 5,32%
Capitalization 1 760 M 1 762 M -
EV / Sales 2021 2,02x
EV / Sales 2022 1,97x
Nbr of Employees 11 600
Free-Float 99,5%
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Mean consensus OUTPERFORM
Number of Analysts 9
Last Close Price 5,25 $
Average target price 9,43 $
Spread / Average Target 79,7%
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Managers and Directors
Stephen Edward Murdoch Chief Executive Officer & Director
Matthew Ashley Chief Financial Officer & Director
Gregory Lock Non-Executive Chairman
Paul Rodgers Chief Operating Officer
Jane Smithard Chief Legal Officer & Group General Counsel
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