WRQ and Attachmate, two of the Seattle area's longstanding private software companies, announced today that they are merging in a deal that could lead to...
WRQ and Attachmate, two of the Seattle area’s longstanding private software companies, announced today that they are merging in a deal that could lead to job reductions after the deal is completed in about 45 days.
Privately held Attachmate was acquired by the group of investors who bought WRQ in December. The investors are Francisco Partners, Golden Gate Capital, and Thoma Cressey Equity Partners. At the time, WRQ executives said the company would likely be expanded through acquisitions.
Attachmate was founded in 1982 and WRQ in 1981. They both produce software that helps companies use information on older computer systems and mainframes.
The consolidation is likely to result in the closure of one of the local headquarters, either WRQ’s in Seattle or Attachmate’s in the Factoria area.
“The good news is that because of the consolidation of those two organizations, we can share that the majority of the talent will stay in town,” said Markus Nitschke, Attachmate vice president of marketing.
WRQ has about 400 employees and Attachmate employs about 650, including 330 locally.
Brier Dudley: 206-515-5687 or email@example.com