Don't nobody never learn nothin'?
I was there when Micro Focus bought Intersolv and DataDirect to become Merant. Intersolv ate Micro Focus alive from the inside with their own money, after which the merger came undone. Micro Focus basically started over with the help of venture captital and did a great job of getting from nearly nothing to IPO in about five years.
Looks like they're off to the next round. I'm glad I'm not there any more.