Francisco Partners, one of the world's largest technology-focused private equity funds, announced that it has entered into a definitive agreement to acquire the WebTrends business unit, a leading 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.
"As a business unit of NetIQ, we have remained a leader in a dynamic and growing category, and made breakthrough advancements in building out the industry's most award-winning, mature and flexible web analytics platform with both on-demand and software options, along with a full range of business consulting services. Our ability to deliver the right balance of easy-to-use and accurate solutions has been well-established over the last few years with NetIQ's full support, and this success will continue to accelerate with our new business partner," said Greg Drew, general manager of the WebTrends Business Unit.
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