(Reuters) - NetIQ Corp. NTIQ said
on Monday it inked a deal to sell WebTrends, its Web analytics
business, to Francisco Partners for about $94 million in cash.
The sale is expected to close by June 30.
Francisco Partners, a private equity fund, said it will run
WebTrends as a stand-alone company.
WebTrends supplies technology and services to measure and
improve the performance of Web marketing campaigns such as those
run on Internet search providers Google Inc. GOOG and Yahoo
Inc. YHOO.
Greg Drew, WebTrends' general manager, will become president
and chief executive of WebTrends after the sale.
Software maker NetIQ said it is selling WebTrends because it
is not part of its system and security management strategy.
